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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:SHOP

Shopify Stock Forecast, Price & News

$1,170.47
-8.39 (-0.71 %)
(As of 01/15/2021 12:00 AM ET)
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Compare
Today's Range
$1,147.00
Now: $1,170.47
$1,193.00
50-Day Range
$1,034.39
MA: $1,130.93
$1,277.08
52-Week Range
$305.30
Now: $1,170.47
$1,285.19
Volume893,300 shs
Average Volume1.14 million shs
Market Capitalization$142.69 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.48
Shopify Inc., a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, 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, fulfill and ship orders, build customer relationships, source products, 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.
Shopify logo

MarketRank

Overall MarketRank

1.21 out of 5 stars

Computer And Technology Sector

494th out of 1,259 stocks

Prepackaged Software Industry

112th out of 232 stocks

Analyst Opinion: 2.2Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.0 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
Phone613-241-2828
Employees5,000

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

Market Cap$142.69 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$1,170.47
-8.39 (-0.71 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Shopify (NYSE:SHOP) Frequently Asked Questions

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

Shopify's stock was trading at $422.31 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SHOP shares have increased by 177.2% and is now trading at $1,170.47.
View which stocks have been most impacted by COVID-19
.

Is Shopify a buy right now?

31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 15 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Shopify stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHOP, but not buy additional shares or sell existing shares.
View analyst ratings for Shopify
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Shopify?

Wall Street analysts have given Shopify a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Shopify wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Shopify's next earnings date?

Shopify is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Shopify
.

How were Shopify's earnings last quarter?

Shopify Inc. (NYSE:SHOP) issued its earnings results on Thursday, October, 29th. The software maker reported $1.13 EPS for the quarter, beating the Zacks' consensus estimate of ($0.08) by $1.21. The software maker had revenue of $767.40 million for the quarter, compared to analysts' expectations of $652.60 million. Shopify had a negative net margin of 3.25% and a positive return on equity of 0.32%. The company's quarterly revenue was up 96.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.29) earnings per share.
View Shopify's earnings history
.

What price target have analysts set for SHOP?

31 analysts have issued 1-year target prices for Shopify's shares. Their forecasts range from $400.00 to $1,400.00. On average, they anticipate Shopify's stock price to reach $1,057.72 in the next year. This suggests that the stock has a possible downside of 9.6%.
View analysts' price targets for Shopify
or view Wall Street analyst' top-rated stocks.

Are investors shorting Shopify?

Shopify saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,040,000 shares, a drop of 28.8% from the December 15th total of 1,460,000 shares. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is presently 0.7 days.
View Shopify's Short Interest
.

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

Who are Shopify's key executives?

Shopify's management team includes the following people:
  • Mr. Tobias Lütke, Founder, Chairman & CEO (Age 39, Pay $615.92k)
  • Ms. Amy E. Shapero, Chief Financial Officer (Age 57, Pay $538.93k)
  • Mr. Harley Michael Finkelstein, Chief Operating Officer (Age 37, Pay $423.44k)
  • Mr. Craig Stuart Miller, Chief Product Officer (Age 37, Pay $423.44k)
  • Ms. Brittany Forsyth, Chief Talent Officer (Age 33, Pay $307.96k)
  • Mr. Jean-Michel Lemieux, Chief Technology Officer (Age 47)
  • Katie Keita, Sr. Director of Investor Relations
  • Mr. Joseph A. Frasca, Sr. VP, Chief Legal Officer & Sec. (Age 46)
  • Darrell Etherington, PR Mang.
  • Mr. Jeffrey Weiser, Chief Marketing Officer (Age 43)

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 Barton Investment Management (0.20%), Huntington National Bank (0.04%), Axel Capital Management LLC (0.01%), Spence Asset Management (0.01%), Crossmark Global Holdings Inc. (0.01%) and Kovack Advisors Inc. (0.01%).

Which institutional investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including Barton Investment Management, Huntington National Bank, Atalanta Sosnoff Capital LLC, Axel Capital Management LLC, N.E.W. Advisory Services LLC, Coastal Investment Advisors Inc., Chesley Taft & Associates LLC, and Diversified Trust Co.

Which institutional investors are buying Shopify stock?

SHOP stock was bought by a variety of institutional investors in the last quarter, including Sowell Financial Services LLC, NuWave Investment Management LLC, Linden Rose Investment LLC, Pacific Wealth Strategies Group Inc., Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, Bellecapital International Ltd., Spence Asset Management, and 4J Wealth Management LLC.

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.

What is Shopify's stock price today?

One share of SHOP stock can currently be purchased for approximately $1,170.47.

How big of a company is Shopify?

Shopify has a market capitalization of $142.69 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 1/17/2021 by MarketBeat.com Staff

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