2 weeks Ago By ABMN Staff
Shopify Inc. ( NYSE:SHOP – Free Report ) (TSE:SHOP) – Stock analysts at DA Davidson reduced their FY2026 earnings estimates for Shopify in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst G.
Luria now expects that the software maker will earn $1.34 per share for the year, down from their prior estimate of $1.54.
DA Davidson currently has a “Buy” rating and a $115.00 target price on the stock. The consensus estimate for Shopify’s current full-year earnings is $1.
12 per share. A number of other analysts also recently issued reports on SHOP. Wells Fargo & Company lifted their price objective on shares of Shopify from $120.
00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Robert W.
Baird lifted their price target on Shopify from $126.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th.
ATB Capital upped their price objective on Shopify from $145.00 to $170.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 12th.
JPMorgan Chase & Co. raised their price objective on Shopify from $121.00 to $124.
00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Citigroup boosted their target price on Shopify from $143.00 to $175.
00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fifteen have given 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 MarketBeat.
com, Shopify presently has a consensus rating of “Moderate Buy” and an average target price of $120.94. Shopify Stock Down 0.
4 % Shares of NYSE SHOP opened at $83.65 on Thursday. The stock’s 50-day simple moving average is $101.
26 and its two-hundred day simple moving average is $101.43. Shopify has a twelve month low of $48.
56 and a twelve month high of $129.38. The firm has a market capitalization of $108.
31 billion, a P/E ratio of 53.97, a P/E/G ratio of 4.82 and a beta of 2.
82. Shopify ( NYSE:SHOP – Get Free Report ) (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 the consensus estimate of $0.44 by ($0.10).
Shopify had a return on equity of 12.00% and a net margin of 22.74%.
Hedge Funds Weigh In On Shopify Several large investors have recently made changes to their positions in SHOP. Capital World Investors increased its position in Shopify by 0.9% during 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. grew its stake in shares of 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 acquiring an additional 781,162 shares during the last quarter.
FMR LLC increased its holdings in shares of Shopify by 3.4% during the fourth quarter. FMR LLC now owns 43,732,077 shares of the software maker’s stock valued at $4,653,054,000 after acquiring an additional 1,426,000 shares in the last quarter.
Capital International Investors raised its position in shares of Shopify by 2.7% in the 4th quarter. Capital International Investors now owns 36,516,305 shares of the software maker’s stock worth $3,883,039,000 after purchasing an additional 968,026 shares during the last quarter.
Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Shopify by 79.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 16,487,579 shares of the software maker’s stock valued at $1,752,834,000 after buying an additional 7,316,862 shares during the last quarter.
69.27% of the stock is currently owned by hedge funds and other institutional investors. 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. Featured Stories Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter .
.
