2 weeks Ago By Defense World Staff
Connective Capital Management LLC purchased a new stake in shares of Shopify Inc. ( NYSE:SHOP – Free Report ) (TSE:SHOP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,606 shares of the software maker’s stock, valued at approximately $1,163,000.
Shopify comprises approximately 2.1% of Connective Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Several other institutional investors and hedge funds have also recently modified their holdings of the company.
Oliver Lagore Vanvalin Investment Group lifted its position in Shopify by 100.0% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 400 shares of the software maker’s stock valued at $26,000 after buying an additional 200 shares during the last quarter.
Jones Financial Companies Lllp acquired a new position in Shopify in the fourth quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in Shopify in the second quarter valued at about $33,000.
Hazlett Burt & Watson Inc. acquired a new position in Shopify in the second quarter valued at about $33,000. Finally, OLD Point Trust & Financial Services N A acquired a new position in Shopify in the fourth quarter valued at about $39,000.
Institutional investors and hedge funds own 69.27% of the company’s stock. Analyst Ratings Changes Several brokerages have recently issued reports on SHOP.
Roth Mkm increased their price target on shares of Shopify from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th.
Benchmark reissued a “hold” rating on shares of Shopify in a research report on Tuesday, August 6th. JMP Securities restated a “market outperform” rating and set a $80.00 target price on shares of Shopify in a research note on Tuesday, September 10th.
Moffett Nathanson lowered shares of Shopify from a “buy” rating to a “neutral” rating and cut their target price for the stock from $74.00 to $65.00 in a research note on Thursday, June 6th.
Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Shopify from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.
One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.92.
Shopify Stock Performance NYSE SHOP opened at $79.21 on Monday. The firm has a market capitalization of $102.
08 billion, a P/E ratio of -465.94, a P/E/G ratio of 2.69 and a beta of 2.
35. Shopify Inc. has a 1-year low of $45.
50 and a 1-year high of $91.57. The company has a debt-to-equity ratio of 0.
10, a current ratio of 7.32 and a quick ratio of 7.32.
The business’s 50-day simple moving average is $69.90 and its 200-day simple moving average is $68.46.
Shopify ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.
20 by $0.06. The business had revenue of $2.
05 billion for the quarter, compared to analyst estimates of $2.01 billion. Shopify had a return on equity of 10.
88% and a net margin of 16.40%. The company’s revenue was up 20.
7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS.
Equities analysts predict that Shopify Inc. will post 0.76 EPS for the current year.
Shopify Profile ( Free Report ) 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. Read More Five stocks we like better than Shopify Why Special Dividends Can be a Delightful Surprise for Income Investors Top 5 ETFs to Own Now and Into 2025 5 Top Rated Dividend Stocks to Consider Watch These 3 Former Short-Squeeze Stocks for a Big Rally What is Forex and How Does it Work? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.
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