Shopify Q4 EPS Forecast Boosted by Capital One Financial

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Equities research analysts at Capital One Financial lifted their Q4 2024 earnings estimates for shares of Shopify in a report released on Wednesday, January 15th. Capital One Financial analyst C. Murphy now anticipates 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.

SHOP has been the subject of a number of other research reports. DZ Bank lowered shares of Shopify from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Loop Capital upgraded shares of Shopify from a “hold” rating to a “buy” rating and raised their price objective for the company from $110.00 to $140.00 in a report on Friday, December 6th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 price objective on shares of Shopify in a report on Monday, October 7th. Oppenheimer raised their price target on shares of Shopify from $90.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays raised their price target on shares of Shopify from $70.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.31.

Shopify Stock Up 3.0 %

Shares of NYSE SHOP opened at $106.44 on Monday. The company has a 50 day simple moving average of $109.65 and a 200 day simple moving average of $86.09. The firm has a market cap of $137.54 billion, a PE ratio of 99.48, a price-to-earnings-growth ratio of 2.17 and a beta of 2.46. Shopify has a 1 year low of $48.56 and a 1 year high of $120.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 7.10 and a quick ratio of 7.10.

Hedge Funds Weigh In On Shopify

A number of hedge funds have recently bought and sold shares of SHOP. Oliver Lagore Vanvalin Investment Group boosted its holdings in Shopify by 100.0% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Shopify in the 3rd quarter worth about $33,000. Rosenberg Matthew Hamilton boosted its holdings in shares of Shopify by 41.3% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 455 shares of the software maker’s stock worth $36,000 after buying an additional 133 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Shopify in the 3rd quarter worth about $45,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Shopify by 73.5% in the 3rd quarter. GAMMA Investing LLC now owns 597 shares of the software maker’s stock worth $48,000 after buying an additional 253 shares during the last quarter. 69.27% of the stock is 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.