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NYSE:SHOP

Shopify Stock Forecast, Price & News

$1,387.00
-23.00 (-1.63%)
(As of 12/6/2021 01:33 PM ET)
Add
Compare
Today's Range
$1,340.81
$1,411.93
50-Day Range
$1,314.90
$1,690.60
52-Week Range
$1,005.14
$1,762.92
Volume
54,749 shs
Average Volume
1.05 million shs
Market Capitalization
$173.04 billion
P/E Ratio
51.70
Dividend Yield
N/A
Beta
1.46
30 days | 90 days | 365 days | Advanced Chart
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Shopify logo

About Shopify

Shopify, Inc. operates a cloud-based commerce platform designed for small and medium-sized businesses. Its software is used by merchants to run business across all sales channels, including web, tablet and mobile storefronts, social media storefronts, and brick-and-mortar and pop-up shops. The firm's platform provides merchants with a single view of business and customers and enables them to manage products and inventory, process orders and payments, build customer relationships and leverage analytics and reporting. It focuses on merchant and subscription solutions. The company was founded by Tobias Albin Lütke, Daniel Weinand, and Scott Lake on September 28, 2004 and is headquartered in Ottawa, Canada.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
7,000
Year Founded
2004

Sales & Book Value

Annual Sales
$2.93 billion
Cash Flow
$2.84 per share
Book Value
$91.14 per share

Profitability

Net Income
$319.51 million
Pretax Margin
88.82%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$173.04 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/28/2021
Today
12/06/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/16/2022

Social Links


MarketRank

Overall MarketRank

2.06 out of 5 stars

Computer And Technology Sector

499th out of 894 stocks

Prepackaged Software Industry

155th out of 269 stocks

Analyst Opinion: 3.3Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -












Shopify (NYSE:SHOP) Frequently Asked Questions

Is Shopify a buy right now?

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 13 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Shopify stock.
View analyst ratings for Shopify
or view top-rated stocks.

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

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 228.4% and is now trading at $1,387.00.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Shopify?

Shopify saw a increase in short interest during the month of October. As of October 29th, there was short interest totaling 2,180,000 shares, an increase of 16.0% from the October 14th total of 1,880,000 shares. Based on an average daily volume of 898,800 shares, the short-interest ratio is presently 2.4 days. Currently, 1.9% of the shares of the stock are short sold.
View Shopify's Short Interest
.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, February 16th 2022.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) released its earnings results on Thursday, October, 28th. The software maker reported $0.81 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.47 by $0.34. The software maker had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.15 billion. Shopify had a trailing twelve-month return on equity of 5.63% and a net margin of 81.00%. Shopify's quarterly revenue was up 46.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share.
View Shopify's earnings history
.

What price target have analysts set for SHOP?

30 equities research analysts have issued 1 year price objectives for Shopify's stock. Their forecasts range from $1,325.00 to $2,000.00. On average, they anticipate Shopify's share price to reach $1,647.83 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
View analysts' price targets for Shopify
or view top-rated stocks among Wall Street analysts.

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Tobias Albin Lütke, Chairman & Chief Executive Officer
  • Harley Finkelstein, President
  • Toby Shannan, Chief Operating Officer
  • Amy E. Shapero, Chief Financial Officer
  • Jean-Michel Lemieux, Chief Technology Officer

What is Tobias Lütke's approval rating as Shopify's CEO?

468 employees have rated Shopify CEO Tobias Lütke on Glassdoor.com. Tobias Lütke has an approval rating of 93% among Shopify's employees. This puts Tobias Lütke in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Tesla (TSLA), Alibaba Group (BABA), Netflix (NFLX), Square (SQ), Trade Desk (TTD), PayPal (PYPL), salesforce.com (CRM), Walt Disney (DIS) and Advanced Micro Devices (AMD).

When did Shopify IPO?

(SHOP) raised $100 million in an initial public offering 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 a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (4.40%), Jennison Associates LLC (3.71%), Capital World Investors (3.53%), WCM Investment Management LLC (1.63%), Lone Pine Capital LLC (1.15%) and Capital Research Global Investors (1.14%).

Which major investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Polar Capital Holdings Plc, Baillie Gifford & Co., Lone Pine Capital LLC, Renaissance Technologies LLC, Coatue Management LLC, Caisse DE Depot ET Placement DU Quebec, and Jane Street Group LLC.

Which major investors are buying Shopify stock?

SHOP stock was bought by a variety of institutional investors in the last quarter, including Fortis Advisors LLC, MFA Wealth Advisors LLC, SG Americas Securities LLC, PEAK6 Investments LLC, EP Wealth Advisors LLC, Egerton Capital UK LLP, Capital Research Global Investors, and Artisan Partners Limited Partnership.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $1,387.00.

How much money does Shopify make?

Shopify has a market capitalization of $173.04 billion and generates $2.93 billion in revenue each year. The software maker earns $319.51 million in net income (profit) each year or $26.83 on an earnings per share basis.

How many employees does Shopify have?

Shopify employs 7,000 workers across the globe.

Does Shopify have any subsidiaries?

The following companies are subsidiares of Shopify: 6 River Systems, 6 River Systems LLC, Boltmade, Handshake, Helpful, Jet Cooper, Kit, Oberlo, Return Magic, Select Start Studios, Shopify Capital Inc., Shopify Commerce Singapore Pte. Ltd., Shopify Holdings (USA) Inc., Shopify International Limited, Shopify LLC, Shopify Payments (Canada) Inc., Shopify Payments (USA) Inc., Tictail, and Tiny Hearts.

When was Shopify founded?

Shopify was founded in 2004.

What is Shopify's official website?

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

Where are Shopify's headquarters?

Shopify is headquartered at 150 Elgin Street 8th Floor, Ottawa A6, K2P 1L4.

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 12/6/2021 by MarketBeat.com Staff

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