iCoreConnect (NASDAQ:ICCT) & Shopify (NASDAQ:SHOP) Critical Analysis

Shopify (NASDAQ:SHOP) and iCoreConnect (NASDAQ:ICCT) are both computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, profitability, dividends, risk and earnings.

Valuation and Earnings

This table compares Shopify and iCoreConnect”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Shopify	$11.56 billion	13.38	$1.23 billion	$0.93	127.44
iCoreConnect	$11.05 million	0.00	-$15.55 million	($44.40)	0.00

Shopify has higher revenue and earnings than iCoreConnect. iCoreConnect is trading at a lower price-to-earnings ratio than Shopify, indicating that it is currently the more affordable of the two stocks.

Insider and Institutional Ownership

69.3% of Shopify shares are held by institutional investors. Comparatively, 13.4% of iCoreConnect shares are held by institutional investors. 59.4% of iCoreConnect shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares Shopify and iCoreConnect’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Shopify	10.65%	11.52%	9.74%
iCoreConnect	-263.12%	-1,451.73%	-171.32%

Volatility and Risk

Shopify has a beta of 2.82, suggesting that its stock price is 182% more volatile than the S&P 500. Comparatively, iCoreConnect has a beta of 32.54, suggesting that its stock price is 3,154% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings and target prices for Shopify and iCoreConnect, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Shopify	0	10	31	3	2.84
iCoreConnect	0	0	0	0	0.00

Shopify currently has a consensus price target of $163.38, suggesting a potential upside of 37.85%. Given Shopify’s stronger consensus rating and higher probable upside, research analysts plainly believe Shopify is more favorable than iCoreConnect.

Summary

Shopify beats iCoreConnect on 13 of the 15 factors compared between the two stocks.

About Shopify

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing. It also sells custom themes and apps, and registration of domain names; and merchant solutions, which include accepting payments, shipping, and securing working capital. The company was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011. Shopify Inc. was incorporated in 2004 and is headquartered in Ottawa, Canada.

About iCoreConnect

iCoreConnect Inc., a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company’s products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient’s Prescription Drug Monitoring Program (PDMP) history before prescribing controlled substances; iCoreVerify and iCoreVerify+, a HIPAA compliant SaaS solution that automatically retrieves a patients insurance eligibility breakdown to verify their benefits in advance of their appointment and on-demand; iCoreHuddle and iCoreHuddle+, a tool to instantly reveal the revenue potential of each patient; and iCoreCodeGenius, a medical coding reference SaaS solution. It also offers iCoreExchange, a SaaS email solution that allows doctors to send and receive secure email with attachments to and from other healthcare professionals; iCoreCloud, ability to backup their on-premise servers and computers to the cloud; iCoreClaims, for processing and managing claims submitted by policyholders or dental care providers; iCorePay, a patient payment processing solutions for payment and revenue cycle tracking; iCoreSecure, secure SaaS solution that solves privacy concerns in the insurance, real estate, financial and many other industry sectors; and iCoreIT, an IT managed services. The company was formerly known as iMedicor, Inc. and changed its name to iCoreConnect Inc. in June 2017. iCoreConnect Inc. was founded in 1992 and is headquartered in Ocoee, Florida.