Q1 Earnings Estimate for Shopify Issued By DA Davidson

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Shopify in a note issued to investors on Wednesday, February 12th. DA Davidson analyst G. Luria expects that the software maker will earn $0.16 per share for the quarter. DA Davidson currently has a “Buy” rating and a $150.00 target price on the stock. The consensus estimate for Shopify’s current full-year earnings is $0.91 per share. DA Davidson also issued estimates for Shopify’s FY2025 earnings at $1.09 EPS.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a net margin of 16.84% and a return on equity of 11.60%.

A number of other equities research analysts have also recently weighed in on SHOP. Royal Bank of Canada lifted their price target on Shopify from $130.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial raised their target price on Shopify from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday. CIBC boosted their price target on Shopify from $135.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday. Benchmark raised Shopify from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Monday. Finally, Moffett Nathanson lifted their price objective on shares of Shopify from $86.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.14.

Shopify Trading Up 5.9 %

Shares of NYSE:SHOP opened at $127.65 on Friday. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $111.43 and its 200 day moving average price is $92.02. The company has a market cap of $164.93 billion, a PE ratio of 119.30, a P/E/G ratio of 2.49 and a beta of 2.47. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $128.00.

Hedge Funds Weigh In On Shopify

A number of hedge funds have recently modified their holdings of SHOP. Allianz SE purchased a new position in Shopify in the fourth quarter valued at about $27,000. PFG Private Wealth Management LLC lifted 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 buying an additional 256 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in shares of Shopify by 50.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 300 shares of the software maker’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Brooklyn Investment Group acquired a new position in Shopify in the third quarter worth approximately $33,000. Finally, Rosenberg Matthew Hamilton raised its position in Shopify by 41.3% during the third quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock valued at $36,000 after acquiring an additional 133 shares in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

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.