Shopify Inc (NYSE:SHOP) (TSE:SHOP) – Equities researchers at Piper Jaffray Companies cut their Q2 2019 earnings estimates for shares of Shopify in a research note issued to investors on Tuesday, May 14th. Piper Jaffray Companies analyst M. Olson now anticipates that the software maker will post earnings per share of ($0.34) for the quarter, down from their prior estimate of ($0.29). Piper Jaffray Companies currently has a “Neutral” rating and a $216.00 target price on the stock. Piper Jaffray Companies also issued estimates for Shopify’s Q4 2019 earnings at ($0.11) EPS, FY2019 earnings at ($0.86) EPS, Q1 2020 earnings at ($0.15) EPS, Q2 2020 earnings at ($0.26) EPS, Q3 2020 earnings at ($0.09) EPS, Q4 2020 earnings at ($0.03) EPS and FY2020 earnings at ($0.53) EPS.
SHOP has been the topic of a number of other research reports. Wedbush reaffirmed an “outperform” rating and set a $177.00 price target on shares of Shopify in a research report on Monday, January 28th. Zacks Investment Research cut shares of Shopify from a “hold” rating to a “strong sell” rating in a research report on Monday, February 18th. KeyCorp started coverage on shares of Shopify in a research report on Monday, April 29th. They set an “overweight” rating and a $250.00 price target on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $170.00 price target on shares of Shopify in a research report on Thursday, February 14th. Finally, Mackie upped their price target on shares of Shopify from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $237.71.
Shares of SHOP opened at $278.01 on Thursday. The company has a current ratio of 12.56, a quick ratio of 12.57 and a debt-to-equity ratio of 0.05. The firm has a market cap of $27.68 billion, a price-to-earnings ratio of -455.75 and a beta of 1.57. Shopify has a 12 month low of $117.64 and a 12 month high of $279.48.
Shopify (NYSE:SHOP) (TSE:SHOP) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.44. The business had revenue of $320.50 million for the quarter, compared to analysts’ expectations of $310.11 million. Shopify had a negative net margin of 6.17% and a negative return on equity of 3.74%. The business’s quarterly revenue was up 49.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share.
Several hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its holdings in Shopify by 328.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after buying an additional 105 shares during the period. Tortoise Investment Management LLC purchased a new stake in shares of Shopify during the 1st quarter valued at $29,000. Sound Income Strategies LLC raised its position in shares of Shopify by 8,100.0% during the 1st quarter. Sound Income Strategies LLC now owns 164 shares of the software maker’s stock valued at $34,000 after buying an additional 162 shares in the last quarter. Signaturefd LLC raised its position in shares of Shopify by 56.9% during the 1st quarter. Signaturefd LLC now owns 171 shares of the software maker’s stock valued at $35,000 after buying an additional 62 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. purchased a new stake in shares of Shopify during the 1st quarter valued at $35,000. 67.14% of the stock is currently owned by institutional investors.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.
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