SHOP.TO - Shopify Inc.
| Previous Close | 499.15 |
| Open | 506.80 |
| Bid | 518.01 x 0 |
| Ask | 518.32 x 0 |
| Day's Range | 501.00 - 519.69 |
| 52 Week Range | 159.25 - 519.69 |
| Volume | 304,500 |
| Avg. Volume | 298,353 |
| Market Cap | 58.43B |
| Beta (3Y Monthly) | 0.95 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.71 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 195.00 |
- Baystreet
TSX Ends Positive Day
Stocks in Toronto found some upward momentum again Wednesday, as tech strength countered weakness in ...
- Motley Fool
Is Shopify Making a Big Mistake By Competing Against Amazon?
There are more than a couple of reasons why investors should be concerned about Shopify’s foray into fulfillment.
- The Motley Fool
3 TSX Stocks That Have Doubled So Far in 2019
The TSX Index may be unchanged from a year ago, but that’s certainly not the case for these three stocks, including Lightspeed POS Inc (TSX:LSPD), which is up more than 130% since its March IPO.
- Motley Fool
The Biggest Plus From Shopify's Latest Quarter
The latest earnings results show Shopify's services are reaching far more customers than just aspiring entrepreneurs and mom-and-pop shops.
- Bloomberg
Shopify’s Success Puts Spotlight on Next Canadian Tech Stars
(Bloomberg) -- Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public.A total of C$1 billion ($751 million) was invested in 142 venture capital deals in the first quarter, up 48% from a year earlier, according to the Canadian Venture & Private Equity Association. More than half of that was in tech and increasingly from U.S. investors.Here’s what the founders of some of Canada’s hottest tech firms are saying about the future of their companies, and the potential for initial public offerings:ClearbancClearbanc offers $10,000 to $10 million to startups to help fund their marketing campaigns on Facebook, Google and the like in return for a flat fee and a share of revenue.The Toronto-based investment firm, founded in 2015, raised $300 million in new funding led by Highland Capital Partners of the U.S., the largest disclosed VC-financing this year in Canada. That brings total funding to $420 million.Clearbanc plans to offer $1 billion in financing this year and is interested in funding parts of a business that could turn into a repeatable revenue stream--infrastructure, shipping and sales commissions.It’s expanding outside the U.S. and Canada, where there’s a less developed venture ecosystem and “banks are more conservative,” according to co-founder and chief executive officer, Andrew D’Souza.“We think that the fundamentals of the business, the market opportunity, justifies a large standalone business,” D’Souza said about the possibility of an IPO.WattpadWattpad Corp. may no longer be a startup but its ambitions just keep growing. Founded as a mobile-reading app, 12-year-old Wattpad now calls itself a “multi-platform entertainment company.”The Toronto-based company has provided content for one of the most re-watched movies on Netflix (“The Kissing Booth”), a Hulu series (“Light as a Feather”), and this year a Hollywood feature film (“After”), all through Wattpad Studios, launched in 2016.Last week it inked a deal with Penguin Random House in the U.K. to turn its online content, mainly created and read by young women, into books. That follows the launch of its own publishing imprint, Wattpad Books, in the U.S. in April.The company uses data from more than 80 million monthly active users to identify the best stories across its platform and turn them into content. It has launched a paid, ad-free version as well as exclusive content for a fee.Wattpad has raised $117.8 million from investors including OMERS Ventures, Tencent Holdings Ltd.’s capital arm, and August Capital Corp, and is generating revenue in “eight figures,” according to co-founder and chief executive, Allen Lau.As for an IPO, it’s “not what we spend time focusing on,” Lau said. “Our focus right now is on movies and TV shows, with our partners.”VidyardVidyard Inc. wants to be the YouTube of business videos. Its software allows companies to create personalized videos to engage with customers and use data from their viewing habits to analyze that engagement.Companies are expected to spend $103 billion annually in video-ad marketing by 2023, according to Forrester Research.Vidyard counts 1,200 businesses in over 170 countries as its customers, including enterprise customers such as Honeywell International Inc., LinkedIn and Citibank.“In terms of the next two to three years, we’re just focused on consistent, hockey-stick style growth,” says Devon Galloway, co-founder and chief technology officer at Kitchener, Ontario-based Vidyard.The company has raised $60 million to date from investors including OMERS Ventures, Inovia Capital and the venture capital arm of Salesforce Inc.Galloway said if Vidyard continues to grow as well as it has an IPO would certainly be on its path.WealthsimpleWealthsimple Inc., wishes to replace banks as a customer’s primary financial relationship, according to founder and CEO Michael Katchen.“We want to be a firm that demystifies money,” Katchen said in an interview in Bloomberg’s Toronto office. The investment-services company has more than C$5 billion in assets under management and 175,000 customers in Canada, the U.S. and U.K.The robo-adviser favored by millennials, is also targeting wealthier Canadians and has branched out into commission-free stock trading and savings products. Mortgages, life insurance and checking accounts could be next, Katchen said.Founded in 2014, WealthSimple is not yet profitable, but its backers are patient, Katchen said. These include Power Financial Corp., an investment arm run by the Desmarais family and Allianz SE.Katchen said he’s interested in an IPO but it’s still “a few years away.”(Updates with Clearbanc’s financing plan)To contact the reporter on this story: Simran Jagdev in Toronto at sjagdev1@bloomberg.netTo contact the editors responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net;David Scanlan at dscanlan@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Motley Fool
Interview With Shopify CEO Tobias Lutke
Tom Gardner chats with the Shopify leader about what makes businesses successful and how we can take the right kinds of risks.
- Market Realist
Google Cloud for Retail Grows as It Wins Over Macy’s
In April, Google (GOOGL) unveiled Cloud for Retail, a package of cloud computing solutions specifically designed for retailers.
- Motley Fool
Shopify's Reinvestment Is Only Just Beginning to Pay Off
More businesses are signing up, but new merchant solutions will be the main story line to watch.
- Bloomberg
European Fintechs Escape Troubles Afflicting Established Banks
(Bloomberg) -- When Swedish banking firm Klarna became Europe’s most valuable financial technology startup last week, it was only the latest sign that digital finance has escaped the troubles afflicting legacy lenders.Its latest fundraising gave Klarna, which facilitates online installment payments, a $5.5 billion valuation. European fintech companies raised $3.3 billion in venture capital in the first half of 2019, up from $1.9 billion in the same period last year, according to data compiled by CB Insights. In contrast, an index of European Union banks has dropped 39% the past 18 months.“Investors are drawn to it because it’s the perfect blend of a huge, mature industry which, empowered by technology, can deliver vast returns, far in excess of what you see if you’re starting up out of nowhere,” said Ben Brabyn, chief executive officer of Level39, one of Europe’s largest fintech accelerators, in an interview.Here are a few other recent industry highlights and what to watch out for next.Fintechs Flout Brexit WorriesLondon fintechs defied the Brexit gloom that descended on the the U.K. Transferwise Ltd. announced a funding round in May that valued the eight-year-old company at $3.5 billion, up from $1.6 billion in 2017. A few weeks later, online bank Monzo closed a new funding round doubling the startup’s valuation to more than $2.5 billion. Meantime, Revolut Ltd., while being eyed by regulators for possible compliance lapses, expanded into stock trading. They weren’t all winners: shares of peer-to-peer lender Funding Circle Ltd. have plunged 65% this year.IZettle’s Surprise PayPal SaleIt was the midnight deal that surprised many -- PayPal Holdings Inc. purchased iZettle AB for $2.2 billion in May 2018 the night before the Swedish startup had planned to price its shares in an initial public offering. Stockholm-based iZettle competes with Twitter co-founder Jack Dorsey’s Square Inc., and Canada’s Shopify Inc.Adyen Soars After IPODutch payments processor Adyen NV hit headlines for two reasons last year. First, in February, it was announced the Netherlands-based firm would replace PayPal as EBay Inc.’s global checkout service. Then in June, it held a billion-dollar IPO and saw its shares surge 90% in the first day of trading. The company, whose clients include Netflix Inc. and Spotify Technology SA, is now valued at 20 billion euros ($22.4 billion)Worldpay’s $35.5 Billion DealAs one of the world’s biggest payments firms, Worldpay Inc. handles about $1 trillion annually -- similar to Chase Paymentech. When Fidelity National Information Services Inc. said on July 31 it’d completed its $35.5 billion acquisition of the company, data compiled by Bloomberg showed the combined business will be the world’s biggest in the processing and payments industry. It wasn’t a bad day for Ohio-based Worldpay, which less than two years earlier had been a British enterprise snapped up for 7.7 billion pounds ($9.3 billion) by U.S. merchant acquirer Vantiv.What’s Next?N26, the German mobile bank backed by billionaire Peter Thiel, announced in July it had extended its most recent fundraising round to $470 million, at a valuation of $3.5 billion. The company is expanding from Europe to the U.S., betting it can attract users from established lenders and credit card providers with free accounts, fewer fees and phone alerts.Other companies to watch include Revolut, which despite multiple run-ins with controversy remains exciting to investors after it held one of the biggest fundraising rounds for a European fintech last year, and app-based banks Monzo and Starling, which are attracting customers at a rapid clip.Further down the line is the U.K.’s online lender Zopa Ltd., which its CEO Jaidev Janardana said in July could potentially hold an IPO in 2021.“The valuations are encouraging but they’re not enough. They’re just an early indicator. The important numbers to watch are the customers,” said Brabyn. “We all need to step up to demonstrate the public value of what we do.”To contact the reporter on this story: Ali Ingersoll in London at aingersoll1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate Lanxon, James HertlingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- The Motley Fool
3 Stocks Wall Street Is Getting Behind
If you're a Wall Street junkie, Canadian National Railway (TSX:CNR)(NYSE:CNI) and two other stocks are great Canadian buys.
- The Motley Fool
Can Shopify (TSX:SHOP) Stock Withstand a Full-Blown Recession?
Here is what makes Shopify Inc. (TSX:SHOP)(NYSE:SHOP): a stock that can withstand an economic shock.
- The Motley Fool
Forget Amazon (NASDAQ:AMZN): 3 Even Better Stocks to Play the Rise in E-Commerce
Three TSX-listed companies deeply entrenched in the world of e-commerce, but which may have flown under your radar until now, including Cargojet Inc (TSX:CJT) currently responsible for over 90% of Canada’s overnight air deliveries.
- Motley Fool
3 Surprising Stocks Hitting New Highs Last Week
Casey's General Stores, Shopify, and The Trade Desk hit all-time highs even as the major markets moved lower.
- Motley Fool
Here Are My Top 3 Stocks to Buy Next
Two high-flying growth stocks and an overlooked retail turnaround make the grade.
- The Motley Fool
These Top Stocks May Be in Trouble Next Year
If you're invested in top stocks like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), Shopify Inc (TSX:SHOP)(NYSE:SHOP), or Baytex Energy Corp. (TSX:BTE)(NYSE:BTE), you'll want to read this immediately.
- The Motley Fool
Forget Aurora or Canopy: Here Are 2 Canadian Tech Stocks Whose Returns Have Crushed Cannabis
Lightspeed POS (TSX:LSPD) and Shopify (TSX:SHOP)(NYSE:SHOP) should be on any investor's radar thanks to their amazing growth trajectories.
- The Motley Fool
2 Millionaire-Maker Stocks for Your TFSA
It can take time and patience to get to that millionaire mark, but it is definitely possible with these two top performers, including Shopify Inc (TSX:SHOP)(NYSE:SHOP).
- The Motley Fool
3 Metrics Behind Shopify’s (TSX:SHOP) Soaring Stock Price
Why is Shopify Inc (TSX:SHOP)(NYSE:SHOP) stock soaring? These three metrics help answer that question.
- The Motley Fool
Will Shopify’s (TSX:SHOP) Stock Drop Below $400?
A double-digit drop below $400 per share would be a buying opportunity for those looking to pick up Shopify's (TSX:SHOP)(NYSE:SHOP) stock.
- The Motley Fool
Shopify (TSX:SHOP) Earnings Reveals It’s Time to Cash Out
Investors with Shopify Inc. (TSX:SHOP)(NYSE:SHOP) holdings can sell the stocks to maximize returns. The company’s business outlook is bright but a pullback is imminent.
- The Motley Fool
Is Shopify (TSX:SHOP) Headed for $500 After Another Earnings Beat?
Shopify Inc (TSX:SHOP)(NYSE:SHOP) has doubled already this year, and with renewed excitement surrounding the stock, the sky could be the limit for how high the share price might go.
- Motley Fool
3 Must-See Quotes From Shopify's Earnings Call
Management talks Shopify Plus, international momentum, and more.
- The Motley Fool
3 Takeaways From Shopify’s (TSX:SHOP) Latest Financial Results
Here is why investors should be impressed with Shopify Inc’s (TSX:SHOP)(NYSE:SHOP) second-quarter earnings report.
- Motley Fool
Only These 9 Cannabis Stocks Rose in July
While these nine pot stocks rose, 38 others ended lower by at least 10%.
