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Shopify Inc. (SHOP)

NYSE - NYSE Delayed Price. Currency in USD
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1,108.60+17.67 (+1.62%)
At close: 4:00PM EDT
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  • I
    Intellectual
    Look no further than the April Jobs Report to see evidence of the slowing or flat online sales numbers: Courier and messenger services, which have been busy delivering packages throughout the crisis, cut 77,000 jobs.
  • S
    Samantha
    we all bought a great company thanks to someone online telling us to look up a certain company and that's what I'm here to do, look up cts.to its Toronto based it company that has gone from 52m in revenues in 2017 to 1b in 2020, they're $6.37 a share and are currently breaking out towards the 9.31 price target analysts have. they are projected to have an eps of 1.02 by the end of 2024 which at a p/e of 30 gives it a share price of $30.60 and a $18 share price for 2022. massive growth, profitable and grows through 6 acquisitions a year minimum. look them up cts.to worth the 5 minutes
  • M
    Mayling
    New stats from builtwith 3May
    Total Live 1,868,930 plus 784,325 additional website redirects
    Top 1m 2.27% 22,710 Top 100k 2.53% 2,532 Top 10k 3.66% 366

    1 Apr 2021 Total Live 1,389,995 plus 633,664 additional website redirects
    Top 1m 2.11% 21,088 Top 100k 2.30% 2,300 Top 10k 3.18% 320

    Looking at the SHOP market share report, they are taking customers from nearly everybody. They netted 370 from BicC, 260 from Volusion, 177 from Wix, 118 from Big Cartel, 121 from Yahoo Store. I noticed also, that Shopify is taking customers from "Shopify China"...I had never heard of Shopify China...

    We lost a few too: Shopify took 9 merchants from StackCommerce, but lost 10, for net -1. Oh well.

    I noticed TipRanks "These 3 Cathie Wood Stocks Are Set to Rip Higher By 40% (Or More)". SHOP was 3rd on the list. I liked this: "[Shopify] has good word-of-mouth advertising; 45,800 of its ‘partners’ referred a fellow merchant to the service in the previous 12 months, a yoy gain of 73%."

    We finished green today. Good volumes right near the end of the day. Average volume in the US, low (-25%) in Canada, Mexico (avg=41/day) 274 shares. Incredibly, 9,107 shares in Argentina. That must have done something to help share price. Go Buenos Aires!

    I'm guessing the scouts were pretty excited, although frenzied would probably be too strong a word, until noon, when share price pivoted, giving us a nice, strong finish to the day. It sort of matched the weather in my city.
  • M
    Mayling
    Well, the Scouts are very excited, that's for sure. All of my techs got hit today, and my beleagured "value" stocks are acting like superstars. This is the stock market! Red green red green. Everything gets a turn.
    We'll see where SHOP is a couple of weeks. The whole period around earning has always been unpredictable. Scouts are reporting on this, and acting as though Shopify has peaked, and will slide into oblivion.

    That's why I don't pay attention to their editorializing. They told us to expect volatility, and here it is. They are quickly in and out (like young lovers). Fortunately for us longs, they rarely get the chunky gains they really want, and the company continues to grow in amazing ways. Today's share price is NOT the company, and a few months of sideways trading shouldn't have new shareholders nervous.
  • a
    around
    Bought 10 SHOPs today
    Great discount !!
  • T
    TJ
    Shipping labels printed through Shopify Shipping platform are down by 25% from April 6 through May 4.

    TJ
  • D
    David
    Shop sure isn't reacting like the old Shop I once knew
  • g
    gatorfanfox
    We need one of those 100 point run ups. I'd feel better if we could at least get back over 1200 in the next few days.
  • K
    Kenneth
    How big is the Shopify Market? According to Builtwith 1.58 million websites run on Shopify.
  • r
    robert
    Well we breached the 200 day moving average today. The likely scenario is a rebound in price, while the unlikely scenario is a free fall. We'll see which one plays out but anyone who says this stock doesn't deserve a premium valuation doesn't understand that when you have a sustainable business model like their's and virtually no competition there is no reason for a catastrophic implosion, and also an implosion makes even less sense when you factor in the incredible quarterly results the company just posted.
  • T
    Tom
    Cathie Wood loves SHOP says there is a huge upside .
  • I
    Intellectual
    The option chain today will make for an interesting finish.
  • r
    robert
    SHOP doing exactly what I said it would do in the pre market hours. It has hopped back above the 200 day moving average. Don’t understand why she many thumbs downed that comment. If shorts think they are going to see their money from a year ago again they’ve smoked one too many doobies. It is going to take bad company specific news to drive SHOP back down to March 2020 lows. All the company specific news has been great so basically shorts are grasping at straws.
  • K
    Kenneth
    Currently sales of e-commerce are staying strong in New Zealand and Australia where both markets are fully open from the pandemic. I'm currently awaiting a response to see how well sales are holding everywhere else as we near the mid 2nd quarter. Will let everyone know.
  • h
    hiram
    Shopify-backed Global-E sets IPO at $23-$25/share, valuing firm at $3B+
    May 05, 2021 12:37 PM ETGlobal-E Online (GLBE)By: Jerry Kronenberg, SA News Editor9 Comments
    Cross-border e-commerce platform Global-E Online Ltd. (GLBE) has released details for its upcoming IPO, disclosing plans to sell 15M shares at a $23 to $25 price range that will value the Shopify-backed firm at up to $3.6B.
    Israeli-based Global-E wrote in a revised F-1 filing with the U.S. Securities and Exchange Commission that its plans include a non-binding expression of interest from funds affiliated with Dragoneer Investment Group to buy 2M shares at the IPO price.
    Global-E, which intends to list on the Nasdaq under the ticker symbol “GLBE,” has also granted underwriters the option to buy 2.25M additional shares for overallotments.
    All told, the company expects to have some 142.2M shares outstanding following the offering, or about 144.5M if underwriters exercise all overallotment options.
    At that level, the company will have a non-diluted value of $3.3B to $3.6B, depending on where the offering prices at and whether underwriters exercise all of their overallotment options.
    GLBE expects to net $331.3M from the IPO if the offering prices at a midpoint $24 a share. That will rise to $381.5M if underwriters buy all available overallotment shares. The company expects to use the money for general corporate purposes and possible future acquisitions.
    Global-E’s pre-IPO investors include Shopify (NYSE:SHOP), which will own about 5.5% of the company following the go-public deal. Other backers include Red Dot Capital Partners, Goor HoldCo and funds affiliated with or managed by DHL International and Vitruvian Partners.
    GLBE operates a platform to help direct-to-consumer e-commerce sites sell their wares internationally.
  • B
    Bob
    The average price target from 7 analysts upgrades in the last 2 days is $1467. I’m extremely happy with that number
  • M
    Mayling
    So, Paypal had knockout earnings, has jumped nearly 5% in afterhours, and Shopify had a rough day. (fwiw, days like these are when I look for things to confirm my ongoing confidence in this investment.. builtwith has ranked Paypal 5th position in market share. The first column is # of sites, and the second is % market share. And there, in 11th place is Shopify
    Top In Payment Usage Distribution in the Top 1 Million Sites
    Visa 75,444 7.54
    PayPal 62,918 6.29
    MasterCard 38,475 3.85
    American Express 31,187 3.12
    Stripe 24,955 2.5
    Apple Pay 19,057 1.91
    PayPal Button 13,993 1.4
    Shopify Pay 12,692 1.27

    Behind Shop Pay: is Google Pay, Venmo, Amazon Payments. Mind you, this is only for the top 1Mln sites. The company will have to work grow their ranking in the 100k and 10k, and it will be fun to watch.

    The bright side is that until a few years ago, it didn't even exist. Germany, Oct 2018 rollout, I think.
  • r
    robert
    The selloff in SHOP over the last few days was with incredibly weak volume compared to the amount of volume that was present during the earnings rally. That tells me that the big boys remain committed here and that you should be buying this dip. SHOP not the only name that had a strong quarter that has gotten punished over the following days. The 10 year cannot be blamed at least for today and I doubt it really has born much responsibility at all lately. If it does it is a minor contributing factor. My guess would be that the pressures of reopening are the reason why many of the NASDAQ names are taking it on the nose. Either way, the amount of volume tells me these are weak hands selling, not institutions. Watch and see, over the coming weeks SHOP will make up lost ground. The analysts have gotten more and more bullish lately and many hiked their price targets on the latest earnings. You will thank me for buying this dip.
  • K
    Kenneth
    Shopify received two raised price targets yesterday. The first was from Piper Sandler in which they raised price target from 1500.00 to 1600.00 and the second from CFRA which also raised price target from 1200.00 to 1500.00. Just think these two revisions came after reporting the earnings and revenue for what is known in the retail industry as the first quarter which is the weakest retail quarter of any year. Further strength in the e-commerce is being shown in New Zealand and Australia where both markets are back fully open and post pandemic with no slowdown in sight. So looking at the trend of the price targets one can assume that Shopify is going to head higher in price and retest the 1500.00 level.