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NYSE:SHOP

Shopify Stock Forecast, Price & News

$1,053.89
-8.79 (-0.83 %)
(As of 12/4/2020 12:00 AM ET)
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Compare
Today's Range
$1,051.11
Now: $1,053.89▼
$1,079.27
50-Day Range
$885.76
MA: $999.32▼
$1,090.38
52-Week Range
$305.30
Now: $1,053.89▼
$1,146.91
Volume839,254 shs
Average Volume2.58 million shs
Market Capitalization$128.48 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

Beat the Market (BTM) Rank™

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

Overall Beat the Market Rank™

1.20 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:SHOP
Previous Symbol
CUSIPN/A
CIK1594805
Webwww.shopify.ca
Phone613-241-2828
Employees5,000

Debt

Debt-to-Equity RatioN/A
Current Ratio13.69
Quick Ratio13.69

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio3,099.68
P/E Growth96.18

Sales & Book Value

Annual Sales$1.58 billion
Price / Sales81.41
Cash FlowN/A
Price / Cash FlowN/A
Book Value$25.90 per share
Price / Book40.69

Profitability

EPS (Most Recent Fiscal Year)($0.94)
Net Income$-124,840,000.00
Net Margins-3.25%
Return on Equity0.32%
Return on Assets0.28%

Miscellaneous

Outstanding Shares121,912,000
Market Cap$128.48 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$1,053.89
-8.79 (-0.83 %)
(As of 12/4/2020 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 been impacted by Coronavirus?

Shopify's stock was trading at $422.31 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SHOP stock has increased by 149.6% and is now trading at $1,053.89.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Shopify?

31 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shopify in the last year. There are currently 2 sell ratings, 16 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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 winning trading ideas this year 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 quarterly earnings results on Thursday, October, 29th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the 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 firm's revenue was up 96.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.29) EPS.
View Shopify's earnings history.

What price target have analysts set for SHOP?

31 equities research analysts have issued 1-year price objectives for Shopify's shares. Their forecasts range from $400.00 to $1,400.00. On average, they anticipate Shopify's stock price to reach $1,048.24 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
View analysts' price targets for Shopify.

Are investors shorting Shopify?

Shopify saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,540,000 shares, an increase of 38.7% from the October 31st total of 1,110,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the short-interest ratio is presently 0.9 days.
View Shopify's Short Interest.

Who are some of Shopify's key competitors?

Some companies that are related to Shopify include Adobe (ADBE), salesforce.com (CRM), Oracle (ORCL), SAP (SAP), Snowflake (SNOW), ServiceNow (NOW), Intuit (INTU), Square (SQ), Activision Blizzard (ATVI), Autodesk (ADSK), VMware (VMW), Twilio (TWLO), Dassault Systèmes (DASTY), DocuSign (DOCU) and Palantir Technologies (PLTR).
View all 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 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.

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 institutional and retail investors. Top institutional shareholders include Morgan Stanley (4.22%), Jennison Associates LLC (2.81%), WCM Investment Management LLC (1.53%), Sands Capital Management LLC (0.74%), Scge Management L.P. (0.74%) and Connor Clark & Lunn Investment Management Ltd. (0.58%).

Which major investors are selling Shopify stock?

SHOP stock was sold by a variety of institutional investors in the last quarter, including WCM Investment Management LLC, Morgan Stanley, Jarislowsky Fraser Ltd, Abdiel Capital Advisors LP, Arrowstreet Capital Limited Partnership, MUFG Securities EMEA plc, Cidel Asset Management Inc., and Sands Capital Management LLC.

Which major investors are buying Shopify stock?

SHOP stock was acquired by a variety of institutional investors in the last quarter, including Winslow Capital Management LLC, Durable Capital Partners LP, Voloridge Investment Management LLC, Oribel Capital Management LP, Allianz Asset Management GmbH, Jennison Associates LLC, CIBC Asset Management Inc, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

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 $1,053.89.

How big of a company is Shopify?

Shopify has a market capitalization of $128.48 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 12/4/2020 by MarketBeat.com Staff
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