Media coverage about Shopify (NYSE:SHOP) (TSE:SH) has been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public 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 0.18 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 45.2774860319789 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern’s rankings:

Shopify (NYSE:SHOP) traded up 0.05% on Friday, reaching $120.26. The company’s stock had a trading volume of 847,904 shares. The company’s market cap is $11.85 billion. Shopify has a 12 month low of $37.74 and a 12 month high of $122.50. The company has a 50-day moving average price of $119.63 and a 200 day moving average price of $93.00.

Shopify (NYSE:SHOP) (TSE:SH) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The business had revenue of $151.70 million during the quarter, compared to the consensus estimate of $143.94 million. Shopify had a negative return on equity of 8.26% and a negative net margin of 8.96%. The firm’s quarterly revenue was up 75.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. On average, equities research analysts anticipate that Shopify will post ($0.05) EPS for the current fiscal year.

SHOP has been the subject of a number of recent analyst reports. Vetr raised Shopify from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Tuesday, May 30th. Industrial Alliance Securities upped their target price on Shopify from $87.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. BidaskClub cut Shopify from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Roth Capital upped their target price on Shopify from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research raised Shopify from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $93.20.

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About Shopify

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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