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SHOP

Shopify Inc. Class A Subordinate New York Stock Exchange
$1,198.99
Open: $0.00 High: $0.00 Low: $0.00 Close: $0.00
Range: 0 - 0
Volume: 0
Market: Closed
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SHOP
Shopify Inc. Class A Subordinate 150 Elgin Street Ottawa ON, K2P 1L4 https://www.shopify.ca/
Shopify Inc provides cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The company's platform provides merchants with a single view of their business and customers across all of their sales channels.
  • CEO: Tobias Lutke
  • Employees: 1,900
  • Sector: Technology
  • Industry: Application Software
SHOP News
Latest news about the SHOP
  • ContextLogic: WISH Stock Could Deserve A Place on Your Wish List

    Founded in 2010, San Francisco-based ContextLogic (NASDAQ:WISH) is a fast-growing global e-commerce platform focusing on discounted goods. Since going public in mid-December 2020, WISH stock has returned over 10% and is currently hovering at $26. Source: sdx15 / Shutterstock.com Wish’s platform is based on a personalized and visual browsing experience. One could compare it to how one browses around in a physical store. Therefore, the company has been able to generate significant buzz around its platform and app. The Wish app has become one of the most downloaded global shopping apps in the past several years. Currently, the company has more than 100 million monthly active users as well as over 500,000 merchants around the world.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Today’s article discusses what investors can expect from WISH stock in the early part of the year. If you are not yet a shareholder, you could consider starting a position in WISH shares, especially if declines toward $22.50 or lower. As it is still early days for the group, the road ahead could be choppy. However, I expect the shares to create significant shareholder value in the coming quarters. Recent Earnings Global e-retail sales hit $3.53 trillion in 2019. Then came the exponential growth in 2020. Consumers were already drifting towards online shopping before the coronavirus pandemic became the dominant force in our lives. Last year, the move to e-commerce has gained further momentum, as many retailers have been temporarily closed all over the world. 7 Great Sub-$20 Stocks to Buy After Inauguration Day Meanwhile, investors are looking for the next Alibaba (NYSE:BABA), Amazon (NASDAQ:AMZN) or Shopify (NASDAQ:SHOP) to bet their fortunes on. Therefore, a recent IPO like WISH stock gets significant headlines. The company released Q3 earnings in mid-December and painted a mixed financial picture. Revenue was $606 million and increased by 33% YoY. Net loss was $99 million compared to a loss of $134 million a year ago. When looking at the metrics for the first nine months of 2020, analysts were concerned to see a net loss of $176 million. A year ago, it had been a net loss of $5 million in the same period. Put another way, despite the growth, ContextLogic’s profitability metrics are headed in the wrong direction. CEO Peter Szulczewski said, “Based on data, we will both double down and pull back on various initiatives as we continually pursue better performance and results. We have made great progress to date, but we are still in the very early days of our journey and are excited for what lies ahead.” Despite the growth in revenue, the stock is richly valued. It currently has a market capitalization of about $15 billion. Although the company potentially has a lot of room to run, the short-term moves in the share price may not necessarily be smooth sailing. Furthermore, there are question marks around the quality of products sold on the platform. By selling discounted goods, ContextLogic has definitely created a niche for itself. However, the lower-quality has also created customer complaints. The issue of quality may create headwinds for WISH stock. The Bottom Line in WISH Stock The Street’s interest in e-commerce stocks is likely to continue in the new year. The “stay-at-home, work-from-home” trend of last year has contributed to the growth of online shopping worldwide. As a result, e-commerce apps have become among the most popular apps downloaded on smartphones. The Street also has a big appetite for new offerings. However, it is important to remember that WISH stock does not yet have a long trading history. Also, the company is still unprofitable. As I find WISH stock frothy at these levels, I’d wait to invest until the next earnings statement is released. Therefore, if you have a two- to three- year horizon, you could consider investing in the shares if WISH stock declines toward $22.50 or even lower. Meanwhile, in the long-run, the company could also find itself a takeover candidate. Investors who are not yet ready to commit capital into WISH stock could also consider investing in an exchange traded fund (ETF) focusing on e-commerce. Examples include the Amplify Online Retail ETF (NYSEARCA:IBUY), the Emerging Markets Internet & Ecommerce ETF (NYSEARCA:EMQQ), the Global X E-Commerce ETF (NASDAQ:EBIZ), the ProShares Online Retail ETF (NYSEARCA:ONLN). Similarly, those market participants who are interested in participating in the growth of newly listed companies may consider the First Trust US Equity Opportunities ETF (NYSEARCA:FPX), the Renaissance IPO ETF (NYSEARCA:IPO), or the First Trust IPOX Europe Equity Opportunities ETF (NASDAQ:FPXE). On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Her passion is for options trading based on technical analysis of fundamentally strong companies. She especially enjoys setting up weekly covered calls for income generation. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post ContextLogic: WISH Stock Could Deserve A Place on Your Wish List appeared first on InvestorPlace.

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  • My Best Social Media Stock for 2021

    If you want to find the best social media stock for 2021, put a pin in it. Its proven track record and broad, largely untapped user base give Pinterest unrivaled growth potential in the social media space. Interestingly, Pinterest rejects the idea that it is a "social media" site.

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  • Shopify (SHOP) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Shopify (SHOP) closed at $1,198.15, marking a -0.24% move from the previous day.

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  • Is Affirm a Growth Stock to Buy Now?

    A deep dive into new superstar IPO Affirm and how it's disrupting the payments industry.

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  • Shopify’s Walmart Deal Is Helping Both Retailers. Investors Should Take a Closer Look.

    Investors playing the online shopping boom might want to pay more attention to the Walmart and Shopify partnership.

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  • Zoom Stock Extended But This Top Software Play Puts Hot Techs In Reach

    Zoom stock and other cloud computing stocks rallied last year as most people worldwide were in some state of lockdown due to the coronavirus pandemic.

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  • ESG Stocks to Gather Speed Under Biden's Leadership: 5 Picks

    Biden's administration plans to address climate change and take ESG initiatives. This call for investing in Shopify (SHOP), Magna International (MGA), IDEXX Lab (IDXX), Facebook (FB) and PayPal (PYPL).

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  • UBER Reportedly Planning to Spin Off Postmates Robotics Unit

    UBER's plan to spin off the Postmates Robotics Unit mirrors other initiatives taken by the company to shed side businesses and focus on its profitability goal.

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  • Why Shopify (SHOP) is Poised to Beat Earnings Estimates Again

    Shopify (SHOP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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  • Has Shopify (SHOP) Outpaced Other Computer and Technology Stocks This Year?

    Is (SHOP) Outperforming Other Computer and Technology Stocks This Year?

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  • How the world’s biggest tech companies are working to prevent more violence on Inauguration Day

    Tech companies are taking steps to cut down on dangerous rhetoric and the potential for violence ahead of and during Inauguration Day.

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  • Billionaire Stephen Mandel’s Lone Pine Is Embracing The Tech Revolution

    In this article, we reviewed returns from billionaire Stephen Mandel’s top ten stock picks to determine whether Lone Pine’s strategy of embracing the tech revolution is working. Click to skip ahead and see Billionaire Stephen Mandel’s Top 5 Stock Picks. Julian Robertson’s protege Stephen Mandel’s hedge fund Lone Pine Capital has generated annualized returns of […]

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  • Buy Shopify, ServiceNow, and 5 Other Cloud Stocks, Says Oppenheimer

    Analyst Brian Schwartz says that investors may need to be more selective this year after last year’s rally in cloud-software stocks.

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  • Tresl's Segments Analytics gives small online stores the same data analytics as large sellers

    Tresl’s flagship product, e-commerce intelligence platform Segment Analytics, is designed to give small brands on Shopify access to the same kind of analytics larger online retailers have. Founded by former LinkedIn data scientists, Tresl is currently exhibiting at CES’ Taiwan Tech Arena. Segments Analytics analyzes a Shopify store’s data and then automatically sorts visitors into more 30 pre-built customer segments based on their browsing habits, spending and how likely they are to make repeat purchases.

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  • Technical Forecast: Frothy with a Chance of Complacency

    One week very soon, the indexes will correct 5% to their 50-day MAs. Ready?

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  • Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know

    Shopify (SHOP) closed at $1,199.82 in the latest trading session, marking a +0.97% move from the prior day.

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  • Affirm Prices Its IPO at $49 a Share, Above the Expected Range

    The IPO price gives the consumer financing firm a value of more than $12 billion. The stock will start trading on the Nasdaq Wednesday.

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  • Lender Affirm Prices IPO Above Range to Raise $1.2 billion

    (Bloomberg) -- Affirm Holdings Inc., which provides installment loans to online shoppers, priced its U.S. initial public offering above its marketed range to raise $1.2 billion.In the first major U.S. technology listing this year, Affirm sold 24.6 million shares for $49 each, according to a statement on Wednesday, confirming an earlier Bloomberg News report. The San Francisco-based company had marketed the shares for $41 to $44 apiece, a range that it had raised Monday from $33 to $38.The IPO gives Affirm a market value of $11.9 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. The company’s fully diluted valuation, including options and restricted stock units, is about $15 billion.Affirm is the first of several companies set to go public this week after a hot year for IPOs in 2020 led by Airbnb Inc.and DoorDash Inc. Online marketplace for secondhand luxury goods Poshmark Inc., pet supply retailer Petco Animal Supplies Inc., mobile game developer Playtika Holdings Inc. and auto service and supply company Driven Brands Holdings Inc. are all on deck for IPOs.Affirm was founded in 2012 by Max Levchin, who also co-founded PayPal Holdings Inc. Levchin is the company’s single biggest shareholder, according to filings. Other large owners include Jasmine Ventures, a fund affiliated with Singapore’s sovereign wealth fund, GIC Pte, along with Khosla Ventures, Founders Fund, Lightspeed Venture Partners and Shopify Inc.More than 6,500 merchants use Affirm’s platform, according to its prospectus.For the third quarter, Affirm had a net loss of $15 million on revenue of $174 million, compared with a loss of $31 million on revenue of $88 million during the same period in 2019, according to its filing.Home exercise company Peloton Interactive Inc. was by far Affirm’s most important merchant partner, accounting for 30% of its total revenue in the third quarter. Its top 10 merchants including Peloton produced about 37% of Affirm’s revenue during the period, creating the risk its business could be adversely affected by the loss of any of those partners, according to the filing.Affirm postponed its IPO from December alongside game developer Roblox Inc., which has since decided to pursue a direct listing.Morgan Stanley, Goldman Sachs Group Inc. and Allen & Co. led Affirm’s IPO. Its shares are expected to begin trading Wednesday on the Nasdaq Global Select Market under the symbol AFRM.(Updates with official statement in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Shopify (SHOP) Dips More Than Broader Markets: What You Should Know

    Shopify (SHOP) closed at $1,177.64 in the latest trading session, marking a -0.95% move from the prior day.

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  • Amazon and Tesla Have Been Great Long-Term Stocks. How to Find the Next Ones.

    Nancy Zevenbergen, head of Seattle-based Zevenbergen Capital Investments, has a knack for finding companies that can deliver hefty returns over the long haul. Founder-led companies are especially appealing.

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