DA Davidson Predicts Shopify's FY2025 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Stock analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Shopify in a research note issued on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $1.02 per share for the year, down from their prior forecast of $1.10. DA Davidson has a "Buy" rating and a $115.00 price objective on the stock. The consensus estimate for Shopify's current full-year earnings is $1.12 per share.

Several other research firms have also recently commented on SHOP. Royal Bank of Canada reduced their target price on Shopify from $145.00 to $125.00 and set an "outperform" rating for the company in a research report on Thursday. Wedbush reiterated an "outperform" rating and set a $110.00 target price on shares of Shopify in a research report on Tuesday. New Street Research assumed coverage on shares of Shopify in a research report on Friday, January 10th. They set a "neutral" rating and a $115.00 price objective on the stock. The Goldman Sachs Group raised their price target on Shopify from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, CIBC increased their price objective on Shopify from $135.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.94.

Shopify Price Performance

NYSE:SHOP traded down $0.31 during trading hours on Wednesday, hitting $83.65. The stock had a trading volume of 11,591,792 shares, compared to its average volume of 9,238,801. The firm has a market capitalization of $108.31 billion, a price-to-earnings ratio of 53.97, a P/E/G ratio of 4.82 and a beta of 2.82. Shopify has a one year low of $48.56 and a one year high of $129.38. The company has a 50 day simple moving average of $100.46 and a two-hundred day simple moving average of $101.46.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last announced its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%.

Institutional Investors Weigh In On Shopify

A number of institutional investors have recently added to or reduced their stakes in SHOP. Allianz SE bought a new stake in shares of Shopify in the 4th quarter valued at about $27,000. PFG Private Wealth Management LLC increased its holdings in shares of Shopify by 3,657.1% during the 4th quarter. PFG Private Wealth Management LLC now owns 263 shares of the software maker's stock valued at $28,000 after purchasing an additional 256 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of Shopify in the fourth quarter worth about $30,000. Mark Sheptoff Financial Planning LLC boosted its position in Shopify by 50.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in Shopify in the 4th quarter worth $39,000. Institutional investors own 69.27% of the company's stock.

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.