Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Jefferies Financial Group increased their Q1 2021 EPS estimates for Shopify in a research note issued on Monday, January 11th. Jefferies Financial Group analyst S. Samana now forecasts that the software maker will post earnings per share of ($0.02) for the quarter, up from their prior estimate of ($0.03). Jefferies Financial Group currently has a “Buy” rating and a $1,250.00 price target on the stock. Jefferies Financial Group also issued estimates for Shopify’s Q4 2021 earnings at $0.25 EPS, FY2021 earnings at $0.61 EPS and FY2022 earnings at $0.98 EPS.
Shopify (NYSE:SHOP) (TSE:SHOP) last issued its earnings results on Thursday, October 29th. The software maker reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $1.21. Shopify had a positive return on equity of 0.32% and a negative net margin of 3.25%. The firm had revenue of $767.40 million for the quarter, compared to analyst estimates of $652.60 million. During the same period in the previous year, the company posted ($0.29) earnings per share. The business’s revenue was up 96.5% on a year-over-year basis.
NYSE:SHOP opened at $1,199.82 on Thursday. Shopify has a 52-week low of $305.30 and a 52-week high of $1,285.19. The firm has a market cap of $146.27 billion, a price-to-earnings ratio of -1,966.89, a PEG ratio of 96.18 and a beta of 1.48. The business’s fifty day moving average is $1,124.13 and its 200 day moving average is $1,028.47.
A number of hedge funds have recently modified their holdings of the stock. Harrington Investments INC boosted its holdings in Shopify by 1.9% during the 4th quarter. Harrington Investments INC now owns 489 shares of the software maker’s stock valued at $554,000 after acquiring an additional 9 shares during the period. CNB Bank grew its holdings in shares of Shopify by 9.9% during the 3rd quarter. CNB Bank now owns 111 shares of the software maker’s stock worth $113,000 after purchasing an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Shopify by 3.6% in the third quarter. Ausdal Financial Partners Inc. now owns 344 shares of the software maker’s stock valued at $352,000 after buying an additional 12 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Shopify by 3.3% in the third quarter. Cornerstone Wealth Management LLC now owns 437 shares of the software maker’s stock valued at $447,000 after buying an additional 14 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its stake in Shopify by 4.7% in the third quarter. NEXT Financial Group Inc now owns 309 shares of the software maker’s stock valued at $316,000 after buying an additional 14 shares in the last quarter. Institutional investors own 59.45% of the company’s stock.
Shopify Company Profile
Shopify Inc, a commerce company, provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing.
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