1,509 institutions hold shares in Shopify Inc. (SHOP), with 409.51k shares held by insiders accounting for 0.33% while institutional investors hold 67.20% of the company’s shares. The shares outstanding are 122.20M, and float is at 110.79M with Short Float at 1.61%. Institutions hold 66.97% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 6.06 million shares valued at $6.86 billion. The investor’s holdings represent 5.38% of the SHOP Shares outstanding. As of Dec 30, 2020, the second largest holder is Baillie Gifford and Company with 5.72 million shares valued at $6.48 billion to account for 5.09% of the shares outstanding. The other top investors are Capital World Investors which holds 5.7 million shares representing 5.07% and valued at over $6.45 billion, while Morgan Stanley holds 4.32% of the shares totaling 4.86 million with a market value of $5.5 billion.
Shopify Inc. (NYSE: SHOP) is -7.36% lower on its value in year-to-date trading and has touched a low of $334.55 and a high of $1499.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SHOP stock was last observed hovering at around $1039.91 in the last trading session, with the day’s gains setting it 8.77% off its average median price target of $1500.00 for the next 12 months. It is also 44.81% off the consensus price target high of $1900.00 offered by 34 analysts, but current levels are -27.11% lower than the price target low of $825.00 for the same period.
Currently trading at $1048.68, the stock is -7.56% and -14.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 0.84% at the moment leaves the stock -1.85% off its SMA200. SHOP registered 143.66% gain for a year compared to 6-month gain of 8.50%. The firm has a 50-day simple moving average (SMA 50) of $1,236.45 and a 200-day simple moving average (SMA200) of $1,109.79.
The stock witnessed a -19.94% loss in the last 1 month and extending the period to 3 months gives it a -8.58%, and is -9.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.22% over the week and 6.12% over the month.
Shopify Inc. (SHOP) has around 7000 employees, a market worth around $129.31B and $2.93B in sales. Current P/E ratio is 410.28 and Fwd P/E is 211.94. Profit margin for the company is 10.90%. Distance from 52-week low is 213.46% and -30.08% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
Shopify Inc. (SHOP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Shopify Inc. (SHOP) is a “Overweight”. 34 analysts offering their recommendations for the stock have an average rating of 2.40, where 16 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Shopify Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.71 with sales reaching $849.9M over the same period.The EPS is expected to grow by 334.30% this year, but quarterly earnings will post 39.40% year-over-year. Quarterly sales are estimated to grow 80.80% in year-over-year returns.
Shopify Inc. (SHOP): Who are the competitors?
The company’s main competitors (and peers) include MercadoLibre Inc. (MELI) that is trading 201.72% up over the past 12 months and Stamps.com Inc. (STMP) that is 51.68% higher over the same period. PC Connection Inc. (CNXN) is 15.13% up on the 1-year trading charts. Short interest in the company’s stock has risen 29.78% from the last report on Feb 11, 2021 to stand at a total of 1.25 million short shares sold with a short interest ratio of 0.96.