Shopify (NYSE:SHOP - Free Report) TSE: SHOP had its target price decreased by DA Davidson from $150.00 to $115.00 in a report released on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the software maker's stock. DA Davidson also issued estimates for Shopify's FY2025 earnings at $1.02 EPS and FY2026 earnings at $1.34 EPS.
SHOP has been the subject of a number of other research reports. Jefferies Financial Group boosted their price target on Shopify from $110.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, February 18th. Robert W. Baird boosted their price objective on shares of Shopify from $126.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. ATB Capital increased their price target on Shopify from $145.00 to $170.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. boosted their price objective on shares of Shopify from $121.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Benchmark upgraded Shopify from a "hold" rating to a "buy" rating and set a $150.00 target price on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.94.
Check Out Our Latest Stock Report on SHOP
Shopify Trading Down 0.4 %
Shares of NYSE:SHOP traded down $0.31 during midday trading on Monday, reaching $83.65. 11,591,792 shares of the company were exchanged, compared to its average volume of 9,238,801. The stock has a market cap of $108.31 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 4.82 and a beta of 2.82. The business's fifty day moving average is $100.46 and its two-hundred day moving average is $101.46. Shopify has a one year low of $48.56 and a one year high of $129.38.
Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%. As a group, sell-side analysts expect that Shopify will post 1.12 EPS for the current year.
Institutional Investors Weigh In On Shopify
A number of institutional investors have recently added to or reduced their stakes in SHOP. Capital World Investors raised its stake in shares of Shopify by 0.9% in the 4th quarter. Capital World Investors now owns 53,102,707 shares of the software maker's stock valued at $5,646,455,000 after buying an additional 496,982 shares in the last quarter. Vanguard Group Inc. raised its position in Shopify by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 47,080,112 shares of the software maker's stock worth $5,010,721,000 after purchasing an additional 781,162 shares in the last quarter. FMR LLC lifted its stake in Shopify by 3.4% during the fourth quarter. FMR LLC now owns 43,732,077 shares of the software maker's stock worth $4,653,054,000 after purchasing an additional 1,426,000 shares during the period. Capital International Investors boosted its holdings in Shopify by 2.7% during the fourth quarter. Capital International Investors now owns 36,516,305 shares of the software maker's stock valued at $3,883,039,000 after purchasing an additional 968,026 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Shopify by 79.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 16,487,579 shares of the software maker's stock valued at $1,752,834,000 after purchasing an additional 7,316,862 shares during the period. 69.27% of the stock is owned by institutional investors and hedge funds.
Shopify Company Profile
(
Get Free Report)
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.
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