SHOP has been the subject of several other research reports. TheStreet cut Shopify from a b rating to a c+ rating in a research report on Thursday, January 6th. Deutsche Bank Aktiengesellschaft cut their price objective on Shopify from $900.00 to $550.00 in a research report on Monday. Roth Capital cut their price objective on Shopify from $850.00 to $625.00 in a research report on Thursday, April 21st. Atlantic Securities cut Shopify from an overweight rating to a neutral rating in a research report on Tuesday, January 11th. Finally, Barclays cut their price objective on Shopify from $1,800.00 to $1,200.00 and set an equal weight rating for the company in a research report on Tuesday, February 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $981.70.
NYSE SHOP traded down $34.78 on Thursday, reaching $378.31. The stock had a trading volume of 213,950 shares, compared to its average volume of 3,469,173. The company has a debt-to-equity ratio of 0.10, a quick ratio of 12.15 and a current ratio of 12.15. Shopify has a 12-month low of $395.86 and a 12-month high of $1,762.92. The business’s 50-day moving average price is $598.07 and its 200 day moving average price is $1,021.89. The stock has a market cap of $47.63 billion, a P/E ratio of 15.68 and a beta of 1.82.
Shopify (NYSE:SHOP – Get Rating) (TSE:SHOP) last released its quarterly earnings results on Thursday, May 5th. The software maker reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.39) by $0.59. Shopify had a return on equity of 4.38% and a net margin of 63.20%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, sell-side analysts predict that Shopify will post -2.04 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Nikko Asset Management Americas Inc. raised its holdings in shares of Shopify by 30.3% during the first quarter. Nikko Asset Management Americas Inc. now owns 795,131 shares of the software maker’s stock worth $539,536,000 after purchasing an additional 185,017 shares during the period. BTC Capital Management Inc. boosted its holdings in shares of Shopify by 137.2% in the 1st quarter. BTC Capital Management Inc. now owns 842 shares of the software maker’s stock valued at $568,000 after buying an additional 487 shares during the period. GAM Holding AG acquired a new position in shares of Shopify in the 1st quarter valued at about $12,513,000. Quad Cities Investment Group LLC boosted its stake in Shopify by 67.4% in the first quarter. Quad Cities Investment Group LLC now owns 360 shares of the software maker’s stock valued at $243,000 after acquiring an additional 145 shares during the period. Finally, Simon Quick Advisors LLC lifted its holdings in shares of Shopify by 54.8% in the 1st quarter. Simon Quick Advisors LLC now owns 243 shares of the software maker’s stock worth $164,000 after purchasing an additional 86 shares during the last quarter. 62.60% of the stock is owned by hedge funds and other institutional investors.
About Shopify (Get Rating)
Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, 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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