DA Davidson Forecasts Shopify’s FY2025 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities researchers at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Shopify in a note issued to investors on Wednesday, November 13th. DA Davidson analyst G. Luria now forecasts that the software maker will earn $1.14 per share for the year, up from their prior estimate of $0.96. The consensus estimate for Shopify’s current full-year earnings is $0.76 per share.

Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, November 12th. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. Shopify had a net margin of 16.84% and a return on equity of 11.94%. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion.

A number of other equities research analysts also recently commented on SHOP. Evercore ISI increased their price objective on shares of Shopify from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. DZ Bank cut Shopify from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Truist Financial increased their price objective on Shopify from $65.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday. Roth Mkm upped their target price on Shopify from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group lifted their target price on shares of Shopify from $80.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Shopify presently has a consensus rating of “Moderate Buy” and an average target price of $94.95.

Shopify Price Performance

SHOP stock opened at $115.09 on Thursday. The business’s 50-day moving average is $80.36 and its two-hundred day moving average is $70.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.32 and a quick ratio of 7.32. Shopify has a 1 year low of $48.56 and a 1 year high of $115.62. The firm has a market capitalization of $148.51 billion, a P/E ratio of 107.60, a P/E/G ratio of 3.64 and a beta of 2.36.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SHOP. GQG Partners LLC boosted its holdings in Shopify by 197.9% during the first quarter. GQG Partners LLC now owns 20,901,980 shares of the software maker’s stock valued at $1,613,006,000 after purchasing an additional 13,885,473 shares in the last quarter. Capital World Investors raised its position in shares of Shopify by 26.2% during the first quarter. Capital World Investors now owns 49,764,809 shares of the software maker’s stock worth $3,840,332,000 after acquiring an additional 10,340,040 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Shopify by 14.7% during the third quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker’s stock valued at $5,078,176,000 after acquiring an additional 8,131,160 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Shopify by 21.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,239,525 shares of the software maker’s stock valued at $2,642,265,000 after acquiring an additional 5,982,434 shares during the last quarter. Finally, FMR LLC increased its position in Shopify by 16.1% in the third quarter. FMR LLC now owns 42,306,077 shares of the software maker’s stock worth $3,389,637,000 after purchasing an additional 5,869,795 shares during the period. 69.27% of the stock is currently owned by institutional investors and hedge funds.

Shopify Company Profile

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.