DA Davidson Comments on Shopify’s Q1 Earnings (NYSE:SHOP)

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – DA Davidson issued their Q1 2025 earnings per share estimates for shares of Shopify in a report released on Wednesday, February 12th. DA Davidson analyst G. Luria expects that the software maker will post earnings per share of $0.16 for the quarter. DA Davidson has a “Buy” rating and a $150.00 price target on the stock. The consensus estimate for Shopify’s current full-year earnings is $0.91 per share. DA Davidson also issued estimates for Shopify’s FY2025 earnings at $1.09 EPS.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their target price on Shopify from $121.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday. DZ Bank cut Shopify from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Barclays lifted their price objective on Shopify from $93.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on Shopify from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Shopify in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.21.

Shopify Trading Up 0.6 %

Shares of NYSE:SHOP opened at $128.36 on Friday. The stock has a market capitalization of $165.85 billion, a price-to-earnings ratio of 119.96, a PEG ratio of 2.49 and a beta of 2.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10. The stock’s 50-day simple moving average is $111.70 and its two-hundred day simple moving average is $92.27. Shopify has a 52-week low of $48.56 and a 52-week high of $128.57.

Shopify (NYSE:SHOP) (TSE:SHOP) last announced its earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a return on equity of 11.60% and a net margin of 16.84%.

Hedge Funds Weigh In On Shopify

Several large investors have recently modified their holdings of the stock. Blue Rock Wealth Management LLC bought a new position in shares of Shopify during the 4th quarter valued at approximately $659,000. Mercer Global Advisors Inc. ADV increased its position in shares of Shopify by 2.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 49,442 shares of the software maker’s stock valued at $5,257,000 after purchasing an additional 1,372 shares during the last quarter. Keel Point LLC increased its position in shares of Shopify by 14.2% during the 4th quarter. Keel Point LLC now owns 3,020 shares of the software maker’s stock valued at $321,000 after purchasing an additional 375 shares during the last quarter. Davidson Kahn Capital Management LLC bought a new position in shares of Shopify during the 4th quarter valued at approximately $223,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Shopify by 3.0% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,606,525 shares of the software maker’s stock valued at $170,889,000 after purchasing an additional 46,604 shares during 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.