Shopify (SHOP)

[winston]

not vested

Now Is the Time to Buy This Stock

by Louis Navellier

GMV (gross merchandise volume) — the value of all sales by merchants on the Shopify network — hit $30.9 billion. That’s a 109% year-over-year increase.

Monthly recurring revenue (MRR) represents the subscription fees paid by merchants. It was a record-setting $74.4 million, up 47% year-over-year.

The company also set a new record for quarterly revenue at $767.4 million. That’s a 96% year-over-year increase.

Wedbush analyst Ygal Arounian upgraded his rating on SHOP to “outperform,” while raising his price target to $1,300 from $998.

Source: Investor Place

https://dailytradealert.com/2020/11/09/ ... s-stock-4/

[winston]

not vested

Shopify Inc. (NYSE: SHOP) is another pandemic success story that will be a permanent part of everyday life when this is all over.

Shopify has made it possible for entrepreneurs to set up their business and begin selling online pretty much instantly.

It is not just an e-commerce story. Many people who lost jobs in the pandemic have used Shopify to create a business to replace lost income.

This is a fantastic company that will do very well for a long time. It is just not worth 250 times what the very optimistic Wall street analysts hope they will earn next year.

With the vaccine in sight, should you just ring the cash register right now?

Probably not.

Source: Money Morning

[winston]

THIS COMPANY IS HELPING POWER THE E-COMMERCE INDUSTRY

Today, we're checking in on a company that's helping retailers operate online...

Regular readers know the COVID-19 pandemic has accelerated the "retail apocalypse." Many brick-and-mortar retailers have had to close their doors forever, while others have been forced to move their business online. Those that have hopped on the e-commerce train have done well – and they've been a major tailwind for today's company...

Shopify (SHOP) is a $160 billion e-commerce platform. Its software serves more than 1 million retail businesses worldwide... helping them set up online shops, launch marketing campaigns, accept payments, and more. As COVID-19 has driven many physical shops to start selling online, Shopify has seen a rise in demand for its services...

Third-quarter revenue from its Subscriptions segment alone – which gives users access to its e-commerce platform and tools – was up 48% year over year to $245 million.

As you can see, SHOP shares have rocketed 300% from their lows last year. They've also recently hit a fresh all-time high. As long as the e-commerce industry remains strong, SHOP's success should continue...

Source: Daily Wealth

[behappyalways]

Shopify Shares Slump After Reports Of Major Layoffs
https://www.zerohedge.com/markets/shopi ... or-layoffs


Shopify Posts $1.2 Billion Loss A Day After Slashing Workforce
https://www.zerohedge.com/markets/shopi ... -workforce

[winston]

not vested

Shopify shares were little changed after the close as the company reported better-than-expected sales for 2Q23.

The ecommerce infrastructure company reported Gross Merchandise Volume (GMV) up 17% YoY to US$55bn, an increase of US$8.2bn over the second quarter of 2022.

Revenue increased 31% YoY to US$1.7bn, vs est. US$1.6bn, while adj. earnings was US$0.14 vs est. US$0.06.

For the 3Q23e, Shopify is forecasting revenue to grow at a low-20% rate YoY, with Gross margin expected to be 2-3% higher than 2Q23 gross margin of 49.3%.

Source: Phillips

[winston]

not vested

Canada’s Shopify topped Wall Street estimates for fourth-quarter revenue and profit on Tuesday (Feb 13), riding on demand for its e-commerce services from merchants during the holiday shopping season.

However, the company’s US-listed shares, which had more than doubled last year, fell nearly 8 per cent in trading before the bell.

Total revenue rose 24 per cent to US$2.14 billion for the three months to December, higher than analysts’ average estimate of US$2.08 billion.

On an adjusted basis, Shopify earned 34 US cents per share, beating expectations of 31 cents.

Source: Phillips

[winston]

not vested

Shopify forecasts downbeat quarterly revenue growth, shares sink

Its core clientele is made up of small and medium-sized businesses (SMBs) that have been more susceptible to the hit from sticky inflation.

Expected second-quarter revenue to grow at a high-teens percentage, disappointing investors who had seen average growth of about 26% over the past few quarters.

Source: Reuters

https://www.investing.com/news/stock-ma ... ue-3428026

[winston]

not vested

Shopify's (NYSE:SHOP) Q1 Earnings Results: Revenue In Line With Expectations But Stock Drops 16.7%

Shopify (SHOP) Q1 CY2024 Highlights:
Revenue: $1.86 billion vs analyst estimates of $1.85 billion (small beat); +23.4% yoy
EPS (non-GAAP): $0.20 vs analyst estimates of $0.17 (18.3% beat)
Gross Margin (GAAP): 51.4%, up from 47.5% in the same quarter last year
Free Cash Flow of $232 million, down 48% from the previous quarter
Gross Merchandise Volume: $60.9 billion, up 23% year on year
Gross Payments Volume: $36.2 billion, up 60% year on year
Market Capitalization: $99.27 billion

Source: Stock Story

https://www.investing.com/news/stock-ma ... 67-3428218

[winston]

vested

Shopify’s Saga

On May 8 Ark funds snatched 482,042 shares of e-commerce platform Shopify (SHOP) , valued at $30.2 million as of that day’s close.

The stock slumped 19% that day after the company posted stellar earnings for the first quarter but offered a disappointing forecast for this quarter. Earnings per share and revenue beat analysts’ expectations for Q1.

But Shopify forecast a slowdown in revenue growth — to 19.5% — this quarter. It also sees gross margins narrowing by about 0.5 percentage point from the first quarter, thanks to the sale of Shopify’s logistics business.

In addition, Shopify anticipates operating expenses will climb in the low- to mid-single digits this quarter from the prior one. Analysts had forecast no change in that metric.

Morningstar analyst Dan Romanoff likes the company.

“It offers a simple but robust e-commerce platform, with a variety of related add-on functionalities that ultimately converge into a turnkey solution for small and midsize businesses,” he wrote.

He puts fair value for the stock at $68. It traded at $62.75 Thursday.

Shopify is the 12th biggest holding in Ark Innovation.

Source: TMF

[winston]

vested

Is Shopify Stock Going Back to $90? 1 Wall Street Analyst Thinks So.

by Jeremy Bowman

Oppenheimer reaffirmed its outperform rating on Shopify and its price target of roughly $90, implying an upside of roughly 45% from Thursday's prices.

The business' fundamentals remain intact, essentially saying that the sell-off was overdone and happened because the company came up short of elevated investor expectations, even though it beat headline estimates.

Shopify dominates its industry -- software for online retailers -- and continues to deliver strong top-line growth.

Source: The Motley Fool

https://finance.yahoo.com/news/shopify- ... 00853.html