Media coverage about Shopify (TSE:SHOP) has trended negative this week, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Shopify earned a news impact score of -2.63 on their scale. InfoTrie also gave news headlines about the company an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Shopify’s analysis:
- Shopify stock is overpriced and won’t rise further analysts warn – Business Insider – Business Insider (businessinsider.com)
- Shopify Inc: COVID-19 Gave Rise to the Next Amazon – Yahoo Finance (finance.yahoo.com)
- Negative Media Coverage Very Unlikely to Affect Shopify (TSE:SHOP) Stock Price (americanbankingnews.com)
- Tauriga Sciences Inc. Launches Redesigned and Revamped E-Commerce Website with Shopify Integrated as its Functional Platform – BioSpace (biospace.com)
- Shopify Is Going All-In on Remote Work (finance.yahoo.com)
A number of research analysts have recently commented on SHOP shares. Canaccord Genuity raised their target price on Shopify from C$385.00 to C$600.00 in a research note on Thursday, February 13th. Pi Financial set a C$830.00 price objective on Shopify and gave the company a “buy” rating in a research note on Monday, May 4th.
In other news, Director Gail Faye Goodman sold 62 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of C$1,055.12, for a total value of C$65,417.65. Following the completion of the transaction, the director now owns 3,552 shares in the company, valued at C$3,747,798.46.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, 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, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
Featured Story: What causes a recession?
Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.