Shopify (SHOP) Stock Price, News & Analysis

Company Overview

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

Key Stats

• Today's Range: C$159.66 to C$165.61
• 50-Day Range: C$141.71 to C$175.79
• 52-Week Range: C$72.36 to C$183.53
• Volume: 2.16 million shs
• Average Volume: 2.13 million shs
• Market Capitalization: C$152.39 billion
• P/E Ratio: 74.08
• Dividend Yield: N/A
• Price Target: C$136.67
• Consensus Rating: Moderate Buy

Shopify Stock Analysis - MarketRank™

Shopify scored higher than 21% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Shopify has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Shopify has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Shopify is 74.08, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 27.15.

Price to Earnings Ratio vs. Sector

The P/E ratio of Shopify is 74.08, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 55.03.

Price to Earnings Growth Ratio

Shopify has a PEG Ratio of 0.87. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Shopify has a P/B Ratio of 18.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SHOP.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Shopify does not currently pay a dividend.

Dividend Growth

Shopify does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SHOP.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.03

News Sentiment

Shopify has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Shopify this week, compared to 6 articles on an average week.

Search Interest

86 people have searched for SHOP on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.

MarketBeat Follows

3 people have added Shopify to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Shopify insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$6,654,837.00 in company stock.

Percentage Held by Insiders

Only 0.18% of the stock of Shopify is held by insiders.

Percentage Held by Institutions

70.34% of the stock of Shopify is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SHOP Stock Analysis - Frequently Asked Questions

How have SHOP shares performed this year?

Shopify's stock was trading at C$152.99 at the beginning of the year. Since then, SHOP stock has increased by 7.0% and is now trading at C$163.63.

How do I buy shares of Shopify?

Shares of SHOP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Shopify own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Shopify investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), PayPal (PYPL), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Software - Application
• Sub-Industry: Computer Software
• Current Symbol: TSE:SHOP
• CIK: N/A
• Web: www.shopify.com
• Phone: +1-613-2412828
• Fax: N/A
• Employees: 11,600
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Shopify: C$136.67
• High Price Target: C$160.00
• Low Price Target: C$110.00
• Potential Upside/Downside: -16.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): C$2.21
• Trailing P/E Ratio: 74.08
• Forward P/E Ratio: 84.98
• P/E Growth: 0.87
• Net Income: C$1.44 billion
• Net Margins: 22.74%
• Pretax Margin: N/A
• Return on Equity: 20.32%
• Return on Assets: 5.63%

Debt

• Debt-to-Equity Ratio: 9.74
• Current Ratio: 3.71
• Quick Ratio: 5.74

Sales & Book Value

• Annual Sales: C$6.35 billion
• Price / Sales: 23.98
• Cash Flow: C$12.11 per share
• Price / Cash Flow: 13.52
• Book Value: C$8.88 per share
• Price / Book: 18.42

Miscellaneous

• Outstanding Shares: 931,301,706
• Free Float: N/A
• Market Cap: C$152.39 billion
• Optionable: Not Optionable
• Beta: 2.36