Q4 EPS Estimates for Shopify Lifted by Capital One Financial

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Research analysts at Capital One Financial increased their Q4 2024 earnings per share (EPS) estimates for Shopify in a report released on Wednesday, January 15th. Capital One Financial analyst C. Murphy now forecasts that the software maker will post earnings per share of $0.45 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 also recently weighed in on SHOP. Wedbush upgraded Shopify from a “neutral” rating to an “outperform” rating and raised their price target for the company from $115.00 to $125.00 in a research report on Monday, January 6th. Piper Sandler raised their price target on Shopify from $67.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Moffett Nathanson raised their price target on Shopify from $86.00 to $99.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Cantor Fitzgerald restated a “neutral” rating and set a $70.00 price target on shares of Shopify in a research report on Monday, October 7th. Finally, Canaccord Genuity Group raised their price target on Shopify from $80.00 to $125.00 and gave the company a “buy” 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.31.

Shopify Trading Down 0.2 %

NYSE SHOP opened at $103.25 on Monday. The stock’s 50-day simple moving average is $109.39 and its two-hundred day simple moving average is $85.70. Shopify has a twelve month low of $48.56 and a twelve month high of $120.72. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $133.41 billion, a price-to-earnings ratio of 96.50, a PEG ratio of 2.18 and a beta of 2.46.

Hedge Funds Weigh In On Shopify

Several large investors have recently made changes to their positions in SHOP. Baillie Gifford & Co. raised its holdings in Shopify by 14.7% in the 3rd quarter. Baillie Gifford & Co. now owns 63,366,308 shares of the software maker’s stock worth $5,078,176,000 after acquiring an additional 8,131,160 shares during the last quarter. FMR LLC raised its holdings in Shopify by 16.1% in the 3rd quarter. FMR LLC now owns 42,306,077 shares of the software maker’s stock worth $3,389,637,000 after acquiring an additional 5,869,795 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Shopify by 49.9% in the 2nd quarter. Mackenzie Financial Corp now owns 6,315,028 shares of the software maker’s stock worth $417,386,000 after acquiring an additional 2,102,939 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Shopify by 54.2% in the 2nd quarter. Clearbridge Investments LLC now owns 4,714,691 shares of the software maker’s stock worth $311,404,000 after acquiring an additional 1,657,251 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Shopify by 28.0% in the 3rd quarter. National Bank of Canada FI now owns 7,408,880 shares of the software maker’s stock worth $593,588,000 after acquiring an additional 1,621,981 shares during the last quarter. 69.27% of the stock is currently owned by hedge funds and other institutional investors.

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.