Shopify, Square among companies hoping to ease e-commerce slowdown by lending money to merchants [Toronto Globe and Mail (Ontario, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Toronto Globe and Mail
E-commerce companies, facing a sudden slowdown, are hoping one of their newer business lines can help pick up the slack: lending money. Tech companies that provide online sales and transaction services to retailers and small businesses are also increasingly offering loans and cash advances to those customers in a bid to keep them tied to their service platforms. They do so for a fee and a share of future sales, providing a ready source of cash for small businesses in a pinch, with such loans now worth billions of dollars. It’s often a mutually beneficial arrangement, but like any credit program, it comes with risks – especially if the recent pullback in e-commerce spending turns into a prolonged slump. E-commerce companies such as Shopify Inc. SHOP-T , Amazon.com Inc. AMZN-Q and several others have recently posted lower-than-expected financial results, sending their stock prices plunging amid signs that the rapid growth in online traffic during the pandemic is no longer sustainable. S
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News
- The Globe's stars and dogs for the week [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Scotiabank from $80.00 to $75.00. They now have a "sector perform" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Citigroup Inc. from $105.00 to $95.00. They now have a "buy" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
SHOP
Earnings
- 5/8/24 - Beat
SHOP
Sec Filings
- 5/10/24 - Form SC
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- SHOP's page on the SEC website