Media coverage about Shopify (NYSE:SHOP) (TSE:SH) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Shopify earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.6531372077937 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

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

Shares of Shopify (SHOP) traded up 1.57% during mid-day trading on Wednesday, reaching $94.61. 749,993 shares of the company were exchanged. Shopify has a 12 month low of $37.74 and a 12 month high of $105.79. The company’s 50 day moving average price is $92.38 and its 200 day moving average price is $79.10. The firm’s market capitalization is $9.32 billion.

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

Several brokerages have weighed in on SHOP. Vetr lowered shares of Shopify from a “strong-buy” rating to a “buy” rating and set a $101.99 target price on the stock. in a research report on Thursday, June 22nd. Credit Suisse Group restated an “outperform” rating and set a $95.00 target price on shares of Shopify in a research report on Tuesday, May 23rd. BidaskClub lowered shares of Shopify from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. KeyCorp restated an “overweight” rating on shares of Shopify in a research report on Wednesday, August 2nd. Finally, CSFB restated an “outperform” rating and set a $128.00 target price on shares of Shopify in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $88.33.

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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.

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

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