Shopify Q4 EPS Forecast Boosted by Capital One Financial

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Capital One Financial boosted their Q4 2024 earnings per share estimates for shares of Shopify in a note issued to investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now anticipates that the software maker will post earnings of $0.45 per share for the quarter, up from their prior estimate of $0.44. The consensus estimate for Shopify’s current full-year earnings is $0.91 per share. Capital One Financial also issued estimates for Shopify’s Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $0.84 EPS.

A number of other equities research analysts have also recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $120.00 price objective on shares of Shopify in a research note on Thursday, December 12th. Mizuho upped their price target on Shopify from $68.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $70.00 price target on shares of Shopify in a research report on Monday, October 7th. The Goldman Sachs Group upped their price target on Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Truist Financial upped their price target on Shopify from $65.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.31.

Shopify Trading Up 3.0 %

Shares of Shopify stock opened at $106.44 on Monday. Shopify has a 52-week low of $48.56 and a 52-week high of $120.72. The stock’s 50-day simple moving average is $109.65 and its 200 day simple moving average is $86.09. The stock has a market capitalization of $137.54 billion, a P/E ratio of 99.48, a P/E/G ratio of 2.17 and a beta of 2.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10.

Hedge Funds Weigh In On Shopify

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Shopify by 100.0% during the second 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 in the last quarter. Brooklyn Investment Group bought a new position in shares of Shopify during the third quarter valued at approximately $33,000. Rosenberg Matthew Hamilton raised its holdings in shares of 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 acquiring an additional 133 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Shopify during the third quarter valued at approximately $45,000. Finally, GAMMA Investing LLC raised its holdings in shares of Shopify by 73.5% during the third quarter. GAMMA Investing LLC now owns 597 shares of the software maker’s stock valued at $48,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 69.27% of the company’s stock.

About Shopify

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.