FY2025 Earnings Forecast for Shopify Issued By DA Davidson

by · The Cerbat Gem

Shopify Inc. (NYSE:SHOP – Free Report) (TSE:SHOP) – Equities research analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of Shopify in a report issued on Wednesday, November 13th. DA Davidson analyst G. Luria now forecasts that the software maker will post earnings of $1.14 per share for the year, up from their previous estimate of $0.96. The consensus estimate for Shopify’s current full-year earnings is $0.76 per share.

Several other research firms have also recently weighed in on SHOP. Wells Fargo & Company increased their price target on shares of Shopify from $90.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday. Roth Mkm lifted their target price on Shopify from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Morgan Stanley lifted their price objective on shares of Shopify from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. DZ Bank cut shares of Shopify from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Redburn Atlantic upgraded Shopify from a “neutral” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Shopify currently has an average rating of “Moderate Buy” and a consensus target price of $94.95.

Read Our Latest Research Report on SHOP

Shopify Trading Up 5.7 %

Shopify stock opened at $115.09 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 7.32 and a current ratio of 7.32. Shopify has a 52 week low of $48.56 and a 52 week high of $115.62. The stock has a 50-day simple moving average of $80.36 and a 200 day simple moving average of $70.50. The stock has a market capitalization of $148.51 billion, a P/E ratio of 107.60, a PEG ratio of 3.64 and a beta of 2.36.

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

Hedge Funds Weigh In On Shopify

A number of large investors have recently modified their holdings of SHOP. Silvercrest Asset Management Group LLC increased its stake in Shopify by 735.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 52,928 shares of the software maker’s stock worth $4,084,000 after acquiring an additional 46,589 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in Shopify by 10.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 217,000 shares of the software maker’s stock worth $17,390,000 after buying an additional 21,265 shares in the last quarter. Atria Investments Inc increased its holdings in shares of Shopify by 16.8% in the 3rd quarter. Atria Investments Inc now owns 158,383 shares of the software maker’s stock worth $12,693,000 after buying an additional 22,832 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Shopify by 3.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 190,371 shares of the software maker’s stock worth $15,079,000 after acquiring an additional 7,009 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Shopify by 5.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 523,257 shares of the software maker’s stock worth $40,838,000 after acquiring an additional 28,639 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

About Shopify

(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.

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