DA Davidson Issues Optimistic Forecast for Shopify Earnings

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

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its quarterly earnings results on Tuesday, November 12th. The software maker reported $0.27 earnings per share (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 net margin of 16.84% and a return on equity of 11.60%.

Other analysts also recently issued research reports about the stock. UBS Group increased their target price on shares of Shopify from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Barclays increased their price objective on shares of Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Evercore ISI boosted their target price on shares of Shopify from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. JMP Securities increased their price target on Shopify from $80.00 to $120.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Argus raised Shopify to a “strong-buy” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Shopify presently has an average rating of “Moderate Buy” and an average price target of $94.95.

Shopify Stock Performance

NYSE SHOP opened at $108.48 on Thursday. The company has a market capitalization of $139.98 billion, a price-to-earnings ratio of 101.38, a PEG ratio of 3.71 and a beta of 2.36. The company has a quick ratio of 7.32, a current ratio of 7.10 and a debt-to-equity ratio of 0.10. Shopify has a twelve month low of $48.56 and a twelve month high of $115.62. The stock has a fifty day simple moving average of $81.14 and a 200 day simple moving average of $70.77.

Hedge Funds Weigh In On Shopify

Several institutional investors have recently added to or reduced their stakes in SHOP. Oliver Lagore Vanvalin Investment Group grew its position in shares of Shopify by 100.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Brooklyn Investment Group purchased a new position in Shopify in the third quarter valued at approximately $33,000. Rosenberg Matthew Hamilton grew its holdings 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 purchasing an additional 133 shares during the period. Cultivar Capital Inc. purchased a new stake in Shopify in the second quarter worth $33,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Shopify in the second quarter valued at $33,000. Institutional investors own 69.27% of the company’s stock.

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.