Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Equities research analysts at Capital One Financial boosted their Q4 2024 earnings per share (EPS) estimates for Shopify in a research note issued to investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now anticipates 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.
Other equities analysts also recently issued research reports about the stock. Oppenheimer lifted their target price on shares of Shopify from $90.00 to $130.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Royal Bank of Canada upped their target price on shares of Shopify from $100.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. KeyCorp lifted their price objective on shares of Shopify from $80.00 to $130.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Moffett Nathanson increased their price target on Shopify from $86.00 to $99.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Shopify from $88.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $100.31.
Check Out Our Latest Analysis on Shopify
Shopify Trading Down 0.2 %
NYSE:SHOP traded down $0.25 during trading hours on Monday, hitting $103.25. 5,579,542 shares of the company were exchanged, compared to its average volume of 4,488,373. The company has a fifty day simple moving average of $109.39 and a 200 day simple moving average of $85.84. Shopify has a one year low of $48.56 and a one year high of $120.72. The stock has a market capitalization of $133.41 billion, a price-to-earnings ratio of 96.50, a price-to-earnings-growth ratio of 2.18 and a beta of 2.46. The company has a current ratio of 7.10, a quick ratio of 7.10 and a debt-to-equity ratio of 0.09.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHOP. Baillie Gifford & Co. increased its stake in Shopify by 14.7% during the 3rd quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker's stock worth $5,078,176,000 after buying an additional 8,131,160 shares during the period. FMR LLC increased its position in shares of Shopify by 16.1% during the third quarter. FMR LLC now owns 42,306,077 shares of the software maker's stock worth $3,389,637,000 after acquiring an additional 5,869,795 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Shopify by 1.8% in the second quarter. Legal & General Group Plc now owns 8,233,517 shares of the software maker's stock worth $544,017,000 after acquiring an additional 145,618 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Shopify by 6.3% in the third quarter. The Manufacturers Life Insurance Company now owns 8,211,511 shares of the software maker's stock valued at $658,248,000 after purchasing an additional 484,561 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Shopify by 28.0% in the 3rd quarter. National Bank of Canada FI now owns 7,408,880 shares of the software maker's stock valued at $593,588,000 after purchasing an additional 1,621,981 shares in the last quarter. Institutional investors and hedge funds own 69.27% of the company's stock.
Shopify Company Profile
(
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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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