iCoreConnect (NASDAQ:ICCT – Get Free Report) and Shopify (NASDAQ:SHOP – Get Free Report) are both computer and technology companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, profitability, risk, valuation, institutional ownership, analyst recommendations and earnings.
Institutional & Insider Ownership
13.4% of iCoreConnect shares are held by institutional investors. Comparatively, 69.3% of Shopify shares are held by institutional investors. 59.4% of iCoreConnect shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Valuation and Earnings
This table compares iCoreConnect and Shopify”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| iCoreConnect | $11.05 million | 0.00 | -$15.55 million | ($44.40) | 0.00 |
| Shopify | $11.56 billion | 12.61 | $1.23 billion | $0.93 | 120.18 |
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.
Risk and Volatility
iCoreConnect has a beta of 32.54, meaning that its stock price is 3,154% more volatile than the S&P 500. Comparatively, Shopify has a beta of 2.83, meaning that its stock price is 183% more volatile than the S&P 500.
Analyst Ratings
This is a summary of current recommendations and price targets for iCoreConnect and Shopify, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| iCoreConnect | 0 | 0 | 0 | 0 | 0.00 |
| Shopify | 0 | 10 | 31 | 3 | 2.84 |
Shopify has a consensus target price of $163.38, indicating a potential upside of 46.17%. Given Shopify’s stronger consensus rating and higher possible upside, analysts plainly believe Shopify is more favorable than iCoreConnect.
Profitability
This table compares iCoreConnect and Shopify’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| iCoreConnect | -263.12% | -1,451.73% | -171.32% |
| Shopify | 10.65% | 11.52% | 9.74% |
Summary
Shopify beats iCoreConnect on 13 of the 15 factors compared between the two stocks.
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.
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.
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