Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Shopify (SHOP) Share Price

News articles about Shopify (NYSE:SHOP) (TSE:SHOP) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Shopify earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.3686223782695 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Shares of Shopify (NYSE:SHOP) traded down $1.89 during mid-day trading on Tuesday, hitting $105.73. The stock had a trading volume of 831,078 shares, compared to its average volume of 2,064,594. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02. Shopify has a 12 month low of $39.85 and a 12 month high of $123.94.

A number of equities analysts have issued reports on SHOP shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $110.00 target price on shares of Shopify in a report on Friday, October 6th. Macquarie upped their target price on Shopify from $121.00 to $146.00 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $109.00 target price on shares of Shopify in a report on Friday, October 6th. Royal Bank of Canada upped their target price on Shopify from $99.00 to $132.50 and gave the stock a “sector perform” rating in a report on Wednesday, November 1st. Finally, DA Davidson started coverage on Shopify in a report on Wednesday, September 6th. They issued a “neutral” rating and a $95.00 target price for the company. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $102.56.

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Shopify 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.

Insider Buying and Selling by Quarter for Shopify (NYSE:SHOP)

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