Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Shopify Inc (US) (SHOP) Stock Price

News articles about Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shopify Inc (US) earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.5276432906785 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

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Shares of Shopify Inc (US) stock traded down $2.72 during trading on Friday, reaching $117.42. 1,089,927 shares of the stock traded hands, compared to its average volume of 1,757,297. The firm has a market cap of $11,999.22, a price-to-earnings ratio of -279.57 and a beta of 1.29. The company has a quick ratio of 10.83, a current ratio of 10.82 and a debt-to-equity ratio of 0.01. Shopify Inc has a 52-week low of $67.45 and a 52-week high of $154.82.

Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Thursday, February 15th. The software maker reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.09. The firm had revenue of $222.80 million during the quarter, compared to analyst estimates of $209.70 million. Shopify Inc (US) had a negative return on equity of 4.74% and a negative net margin of 5.94%. The business’s revenue was up 70.9% on a year-over-year basis. equities analysts expect that Shopify Inc will post -0.8 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. Vetr lowered Shopify Inc (US) from a “buy” rating to a “hold” rating and set a $159.15 price target for the company. in a research note on Tuesday, March 20th. KeyCorp increased their price target on Shopify Inc (US) from $150.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, March 22nd. William Blair reiterated a “market perform” rating on shares of Shopify Inc (US) in a research note on Thursday, February 15th. DA Davidson increased their price target on Shopify Inc (US) to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $155.00 price target (up previously from $115.00) on shares of Shopify Inc (US) in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $124.63.

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About Shopify Inc (US)

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

Insider Buying and Selling by Quarter for Shopify Inc (US) (NYSE:SHOP)

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