Wedbush Comments on Shopify Inc (US)’s Q1 2019 Earnings (SHOP)

Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) – Stock analysts at Wedbush issued their Q1 2019 earnings per share estimates for Shopify Inc (US) in a note issued to investors on Monday. Wedbush analyst A. Turner expects that the software maker will earn ($0.17) per share for the quarter. Wedbush has a “Outperform” rating and a $140.00 price objective on the stock. Wedbush also issued estimates for Shopify Inc (US)’s Q3 2019 earnings at ($0.09) EPS and Q4 2019 earnings at ($0.02) EPS.

Other research analysts have also recently issued reports about the stock. Piper Jaffray Companies lifted their price objective on shares of Shopify Inc (US) from $110.00 to $120.00 in a research note on Tuesday, October 31st. Vetr cut shares of Shopify Inc (US) from a “strong-buy” rating to a “buy” rating and set a $122.39 target price on the stock. in a research note on Tuesday, November 21st. Roth Capital boosted their target price on shares of Shopify Inc (US) from $119.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. Monness Crespi & Hardt raised shares of Shopify Inc (US) from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Friday, October 27th. Finally, BidaskClub raised shares of Shopify Inc (US) from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Shopify Inc (US) presently has a consensus rating of “Buy” and an average target price of $109.24.

Shares of Shopify Inc (NYSE SHOP) traded down $1.00 during trading hours on Tuesday, reaching $126.95. 1,339,990 shares of the company were exchanged, compared to its average volume of 1,406,297. The company has a market capitalization of $12,580.00 and a PE ratio of -259.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.64 and a quick ratio of 10.64. Shopify Inc has a fifty-two week low of $54.30 and a fifty-two week high of $131.16.

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC grew its position in Shopify Inc (US) by 26.6% in the 2nd quarter. Advisory Services Network LLC now owns 1,420 shares of the software maker’s stock worth $123,000 after purchasing an additional 298 shares in the last quarter. US Bancorp DE grew its position in Shopify Inc (US) by 63.8% in the 4th quarter. US Bancorp DE now owns 1,889 shares of the software maker’s stock worth $191,000 after purchasing an additional 736 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new stake in Shopify Inc (US) in the 4th quarter worth about $202,000. Wellington Shields Capital Management LLC bought a new stake in Shopify Inc (US) in the 4th quarter worth about $202,000. Finally, QS Investors LLC bought a new stake in Shopify Inc (US) in the 2nd quarter worth about $217,000. 54.61% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Wedbush Comments on Shopify Inc (US)’s Q1 2019 Earnings (SHOP)” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was stolen and reposted in violation of US and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/13/wedbush-comments-on-shopify-inc-uss-q1-2019-earnings-shop.html.

Shopify Inc (US) Company Profile

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

Receive News & Ratings for Shopify Inc (US) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify Inc (US) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply