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NYSE:SHOPShopify Stock Price, Forecast & News

$1,017.30
+3.31 (+0.33 %)
(As of 07/8/2020 04:00 PM ET)
Add
Compare
Today's Range
$1,002.55
Now: $1,017.30
$1,035.30
50-Day Range
$725.12
MA: $837.20
$1,029.97
52-Week Range
$282.08
Now: $1,017.30
$1,059.44
Volume2.06 million shs
Average Volume3.12 million shs
Market Capitalization$119.29 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.61
Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was founded in 2004 and is headquartered in Ottawa, Canada.
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Shopify logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.23 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone613-241-2828

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.58 billion
Book Value$25.90 per share

Profitability

Net Income$-124,840,000.00

Miscellaneous

Employees5,000
Market Cap$119.29 billion
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Shopify (NYSE:SHOP) Frequently Asked Questions

How has Shopify's stock been impacted by COVID-19 (Coronavirus)?

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SHOP stock has increased by 140.9% and is now trading at $1,017.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Shopify?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 18 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Shopify.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Shopify.

How were Shopify's earnings last quarter?

Shopify Inc (NYSE:SHOP) issued its earnings results on Wednesday, May, 6th. The software maker reported $0.19 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.70) by $0.89. The software maker earned $470 million during the quarter, compared to the consensus estimate of $442.92 million. Shopify had a negative return on equity of 2.56% and a negative net margin of 7.65%. The company's revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. View Shopify's earnings history.

What price target have analysts set for SHOP?

30 Wall Street analysts have issued twelve-month target prices for Shopify's shares. Their forecasts range from $320.00 to $1,127.00. On average, they expect Shopify's share price to reach $694.63 in the next year. This suggests that the stock has a possible downside of 31.7%. View analysts' price targets for Shopify.

Has Shopify been receiving favorable news coverage?

News articles about SHOP stock have trended negative recently, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Shopify earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about Shopify.

Who are some of Shopify's key competitors?

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Shopify investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Trade Desk (TTD), Walt Disney (DIS), Tesla (TSLA), Square (SQ), Paypal (PYPL), salesforce.com (CRM) and Micron Technology (MU).

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Mr. Tobias Lütke, Founder, Chairman & CEO (Age 38)
  • Mr. Harley Michael Finkelstein, Chief Operating Officer (Age 36)
  • Mr. Craig Stuart Miller, Chief Product Officer (Age 36)
  • Mr. Jean-Michel Lemieux, Sr. VP of Engineering (Age 46)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 56)

When did Shopify IPO?

(SHOP) raised $100 million in an initial public offering (IPO) on Thursday, May 21st 2015. The company issued 7,700,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley, Credit Suisse and RBC Capital Markets acted as the underwriters for the IPO and Pacific Crest Securities, Raymond James and Canaccord Genuity were co-managers.

What is Shopify's stock symbol?

Shopify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHOP."

Who are Shopify's major shareholders?

Shopify's stock is owned by many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.08%), Spence Asset Management (0.01%), Chesley Taft & Associates LLC (0.00%), Confluence Investment Management LLC (0.00%), Paragon Advisors LLC (0.00%) and Farmers Trust Co. (0.00%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Spence Asset Management, Confluence Investment Management LLC, Chesley Taft & Associates LLC, OmniStar Financial Group Inc., Ellevest Inc., and Park National Corp OH.

Which institutional investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Paragon Advisors LLC, HBW Advisory Services LLC, Woodstock Corp, Diversified Trust Co, Cullinan Associates Inc., Wealth Alliance Advisory Group LLC, and Burns J W & Co. Inc. NY.

How do I buy shares of Shopify?

Shares of SHOP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $1,017.30.

How big of a company is Shopify?

Shopify has a market capitalization of $119.29 billion and generates $1.58 billion in revenue each year. The software maker earns $-124,840,000.00 in net income (profit) each year or ($0.94) on an earnings per share basis. Shopify employs 5,000 workers across the globe.

What is Shopify's official website?

The official website for Shopify is www.shopify.ca.

How can I contact Shopify?

Shopify's mailing address is 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4. The software maker can be reached via phone at 613-241-2828 or via email at [email protected]

This page was last updated on 7/8/2020 by MarketBeat.com Staff

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