Q4 EPS Estimates for Shopify Raised by Capital One Financial

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Analysts at Capital One Financial increased their Q4 2024 earnings per share (EPS) estimates for shares of Shopify in a research note issued to investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now expects that the software maker will earn $0.45 per share for the quarter, up from their previous forecast of $0.44. The consensus estimate for Shopify's current full-year earnings is $0.91 per share. Capital One Financial also issued estimates for Shopify's Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $0.84 EPS.

SHOP has been the subject of a number of other reports. New Street Research initiated coverage on Shopify in a research report on Friday, January 10th. They set a "neutral" rating and a $115.00 target price for the company. Barclays lifted their price objective on shares of Shopify from $70.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Truist Financial upped their target price on shares of Shopify from $65.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Canaccord Genuity Group lifted their price target on Shopify from $80.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price objective on Shopify from $100.00 to $130.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Shopify has a consensus rating of "Moderate Buy" and a consensus target price of $100.31.

Shopify Price Performance

NYSE SHOP traded up $3.09 during trading on Monday, hitting $106.44. 5,066,493 shares of the stock traded hands, compared to its average volume of 5,745,869. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. Shopify has a 12-month low of $48.56 and a 12-month high of $120.72. The firm has a 50-day simple moving average of $109.65 and a 200-day simple moving average of $86.09. The company has a market capitalization of $137.54 billion, a P/E ratio of 99.48, a price-to-earnings-growth ratio of 2.17 and a beta of 2.46.

Hedge Funds Weigh In On Shopify

Hedge funds and other institutional investors have recently bought and sold shares of the business. Trust Co. of Vermont boosted its holdings in shares of Shopify by 9.9% in the 4th quarter. Trust Co. of Vermont now owns 1,114 shares of the software maker's stock valued at $118,000 after acquiring an additional 100 shares during the last quarter. First United Bank & Trust lifted its position in Shopify by 2.2% during the fourth quarter. First United Bank & Trust now owns 4,590 shares of the software maker's stock valued at $488,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. boosted its holdings in Shopify by 0.7% in the third quarter. Sunbelt Securities Inc. now owns 14,504 shares of the software maker's stock valued at $1,162,000 after purchasing an additional 105 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in Shopify by 3.3% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 3,358 shares of the software maker's stock worth $357,000 after purchasing an additional 107 shares during the period. Finally, Moser Wealth Advisors LLC raised its stake in shares of Shopify by 1.4% during the 3rd quarter. Moser Wealth Advisors LLC now owns 9,424 shares of the software maker's stock valued at $755,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds 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.