Shopify Inc (US) (SHOP) Getting Somewhat Favorable Media Coverage, Report Finds

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Media headlines 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 publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Shopify Inc (US) earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.6023634961808 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect 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:

Several equities analysts have recently weighed in on the company. William Blair reaffirmed a “market perform” rating on shares of Shopify Inc (US) in a research note on Thursday, February 15th. Macquarie restated an “outperform” rating and set a $150.00 price objective (down from $155.00) on shares of Shopify Inc (US) in a report on Thursday, February 22nd. ValuEngine upgraded Shopify Inc (US) from a “hold” rating to a “buy” rating in a report on Monday. DA Davidson boosted their price objective on Shopify Inc (US) to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Vetr lowered Shopify Inc (US) from a “buy” rating to a “hold” rating and set a $159.15 price objective for the company. in a research report on Tuesday, March 20th. Two 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 issued a strong buy rating to the stock. Shopify Inc (US) presently has an average rating of “Buy” and an average target price of $124.63.

NYSE:SHOP opened at $119.69 on Friday. Shopify Inc has a 12-month low of $67.45 and a 12-month high of $154.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.83 and a current ratio of 10.82. The firm has a market capitalization of $12,052.16, a PE ratio of -286.05 and a beta of 1.29.

Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings data on Thursday, February 15th. The software maker reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.09. The business had revenue of $222.80 million for the quarter, compared to the consensus estimate 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 company’s revenue was up 70.9% compared to the same quarter last year. analysts forecast that Shopify Inc will post -0.8 EPS for the current fiscal year.

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Shopify Inc (US) Company Profile

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.

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