Shopify Company Profile (NYSE:SHOP)

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

Shopify Inc. (NYSE:SHOP) released its quarterly earnings results on Tuesday, August, 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.20) by $0.05. The business earned $151.70 million during the quarter, compared to the consensus estimate of $143.94 million. Shopify had a negative return on equity of 8.26% and a negative net margin of 8.96%. The firm's quarterly revenue was up 75.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. View Shopify's Earnings History.

Shopify is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Shopify.

35 brokerages have issued 12 month price targets for Shopify's shares. Their predictions range from $43.00 to $134.00. On average, they expect Shopify's share price to reach $87.22 in the next year. View Analyst Ratings for Shopify.

Here are some recent quotes from research analysts about Shopify stock:

• 1. According to Zacks Investment Research, "Shopify's second-quarter 2017 results were impressive. The company's year-over-year revenue growth showed that Shopify’s cloud-based, multi-tenant, omni-channel, scalable platform is gaining adoption. The company continues to win new merchants, which surpassed 0.5 million at the end of quarter. The company is benefiting from retail’s rapid transition to mobile and social sales channels. Moreover, availability of Apple Pay and addition of eBay, Amazon and Facebook Messenger as sales channels are significant positives. Shopify has outperformed the broader industry on a year-to-date basis. However, the company’s increasing investments on product development, infrastructure and platform will continue to hurt profitability at least in 2017. We observe that the company is yet to report profit, which doesn’t augur well for investors." (8/7/2017)
• 2. Maxim Group analysts commented, "Shopify’s 1Q17 sales, adj. EBITDA, and adj." (5/3/2017)
• 3. BTIG Research analysts commented, "The +60% run in the stock YTD may trigger thoughts of irrational exuberance (or at least lofty expectations), but we view it instead as the natural outcome when a company achieves perfect product/market fit. It's no secret that digital commerce is a long run secular trend (the market piece of the puzzle), and no one makes it easier to participate in it than Shopify (the product piece). By effectively growing the pool of sellers beyond traditional retailers and Amazon (AMZN, Not Rated), the company has claimed a disproportionate share of gross merchandise value. And despite stellar performance since going public in May 2015, we still think Shopify is in the early stages of its growth cycle; a perfect product/market fit (along with a benign competitive environment) should sustain its strong trajectory. Expectations are rising as investors start to appreciate the company's true potential, and a valuation of 7x EV/FY18 Revenues may look lofty to some; however, we believe that the incredible product/market fit justifies the premium. Moreover, it should also serve as the foundation for continued financial outperformance. Maintain Buy." (3/21/2017)
• 4. Pacific Crest analysts commented, "With considerable runway ahead and multiple upside drivers, Shopify continues to be our favorite growth name to own. We are rolling out our 2021 model, and see a path to $1.7 billion in revenue and $90 billion in GMV, which would make Shopify a key data asset. Given its leading SaaS growth, a premium valuation is deserved. We are buyers and are raising our target to $78 (from $66)." (3/21/2017)
• 5. Wedbush analysts commented, "We expect Shopify to continue to grow at above-ecommerce market growth rates for the foreseeable future as it continues to penetrate its sizable SMB TAM and makes in-roads with larger brands. FY16 ends on a high note. Q4 results topped expectations as revenue grew 86% YoY to $130.4 million coming in well ahead of both consensus of $121.6 million and the guidance range of $120-$122 million. Revenue growth was driven by strong execution across the board." (2/16/2017)

Some companies that are related to Shopify include MercadoLibre (MELI), Boohoo.Com PLC (BOO), The Trade Desk (TTD), AO World PLC (AO), Overstock.com (OSTK), Jumei International Holding Limited (JMEI), Mysale Group PLC (MYSL), Points International (PCOM), CafePress (PRSS), Borderfree (BRDR), Cnova NV (CNV), E Commerce China Dangdang (DANG), Geeknet (GKNT) and JD.com (JD).

Shopify's management team includes the folowing people:

• Tobias Albin Lutke, Chairman of the Board, Chief Executive Officer, Co-Founder
• Russell Norman Jones, Chief Financial Officer
• Harley Michael Finkelstein, Chief Operating Officer
• Joseph Andrew Frasca, Senior Vice President, General Counsel, Secretary
• Brittany Jean Forsyth, Senior Vice President - Human Relations
• Jean-Michel Lemieux, Senior Vice President - Engineering
• Toby Shannan, Senior Vice President - Support
• Craig Stuart Miller, Chief Marketing Officer
• Daniel Weinand, Chief Design Officer
• Robert Gerard Ashe, Lead Independent Director

(SHOP) raised $100 million in an IPO on Thursday, May 21st 2015. The company issued 7,700,000 shares at $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.

Shopify's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (12.74%), Coatue Management LLC (2.66%), Abdiel Capital Advisors LP (1.78%), Whale Rock Capital Management LLC (0.98%), Zevenbergen Capital Investments LLC (0.85%) and Bank of New York Mellon Corp (0.88%). View Institutional Ownership Trends for Shopify.

Shopify's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Abdiel Capital Advisors LP, Light Street Capital Management LLC, Scge Management L.P., CI Investments Inc., The Manufacturers Life Insurance Company , JPMorgan Chase & Co. and Steadfast Capital Management LP. View Insider Buying and Selling for Shopify.

Shopify's stock was acquired by a variety of institutional investors in the last quarter, including Coatue Management LLC, FMR LLC, Public Sector Pension investment Board, Franklin Resources Inc., TD Asset Management Inc., Zevenbergen Capital Investments LLC, Sumitomo Mitsui Trust Holdings Inc. and Swiss National Bank. View Insider Buying and Selling for Shopify.

Shares of Shopify can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Shopify stock can currently be purchased for approximately $93.50.