DA Davidson Has Negative Outlook of Shopify FY2025 Earnings

Shopify Inc. (NYSE:SHOP - Free Report) TSE: SHOP - Equities researchers at DA Davidson lowered their FY2025 EPS estimates for Shopify in a research note issued on Friday, May 9th. DA Davidson analyst G. Luria now forecasts that the software maker will post earnings of $0.98 per share for the year, down from their prior estimate of $1.02. DA Davidson currently has a "Buy" rating and a $115.00 target price on the stock. The consensus estimate for Shopify's current full-year earnings is $1.12 per share. DA Davidson also issued estimates for Shopify's FY2026 earnings at $1.31 EPS.

Shopify (NYSE:SHOP - Get Free Report) TSE: SHOP last posted its quarterly earnings results on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%.

SHOP has been the subject of a number of other reports. Mizuho reduced their price objective on shares of Shopify from $110.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Piper Sandler upped their price objective on shares of Shopify from $94.00 to $104.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. BNP Paribas Exane cut shares of Shopify from an "outperform" rating to a "neutral" rating and set a $100.00 target price on the stock. in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Shopify from $125.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, National Bankshares dropped their target price on shares of Shopify from $140.00 to $120.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Shopify has an average rating of "Moderate Buy" and a consensus price target of $115.37.

Shopify Stock Up 3.2%

SHOP traded up $3.34 during midday trading on Monday, hitting $107.68. The company had a trading volume of 14,506,315 shares, compared to its average volume of 9,230,287. The stock's 50 day moving average price is $93.25 and its 200 day moving average price is $103.23. The company has a market capitalization of $139.43 billion, a price-to-earnings ratio of 69.47, a PEG ratio of 4.82 and a beta of 2.66. Shopify has a 52 week low of $48.56 and a 52 week high of $129.38.

Institutional Investors Weigh In On Shopify

Institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC purchased a new stake in Shopify during the 4th quarter valued at $132,323,000. Western Financial Corp CA purchased a new stake in Shopify during the 4th quarter valued at $239,000. Kessler Investment Group LLC purchased a new stake in Shopify during the 4th quarter valued at $6,105,000. Whalen Wealth Management Inc. purchased a new stake in Shopify during the 4th quarter valued at $461,000. Finally, First National Corp MA ADV purchased a new stake in Shopify during the 4th quarter valued at $237,000. Hedge funds and other 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.