1 week Ago By ABMN Staff
Shares of Shopify Inc. ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) have earned an average rating of “Moderate Buy” from the forty ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating on the company.
The average 12-month price target among brokers that have issued ratings on the stock in the last year is $77.11. A number of brokerages recently weighed in on SHOP.
Truist Financial lowered their target price on shares of Shopify from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Tuesday, August 6th.
The Goldman Sachs Group upped their price objective on Shopify from $67.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th.
Piper Sandler reiterated a “neutral” rating and set a $67.00 target price on shares of Shopify in a research note on Thursday, August 29th. Wells Fargo & Company increased their price target on Shopify from $75.
00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Finally, UBS Group lifted their price objective on shares of Shopify from $71.
00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Check Out Our Latest Report on Shopify Shopify Trading Down 4.
4 % Shopify ( NYSE:SHOP – Get Free Report ) (TSE:SHOP) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.
20 by $0.06. Shopify had a net margin of 16.
40% and a return on equity of 10.88%. The company had revenue of $2.
05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted ($0.
08) EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis.
As a group, analysts anticipate that Shopify will post 0.76 earnings per share for the current fiscal year. Institutional Inflows and Outflows Several large investors have recently bought and sold shares of the stock.
Capital World Investors lifted its position in shares of Shopify by 26.2% in the 1st quarter. Capital World Investors now owns 49,764,809 shares of the software maker’s stock worth $3,840,332,000 after purchasing an additional 10,340,040 shares during the period.
Vanguard Group Inc. boosted its position in Shopify by 1.7% during the first quarter.
Vanguard Group Inc. now owns 42,881,355 shares of the software maker’s stock valued at $3,309,154,000 after acquiring an additional 713,064 shares during the last quarter. Price T Rowe Associates Inc.
MD boosted its position in Shopify by 21.2% during the first quarter. Price T Rowe Associates Inc.
MD now owns 34,239,525 shares of the software maker’s stock valued at $2,642,265,000 after acquiring an additional 5,982,434 shares during the last quarter. GQG Partners LLC grew its holdings in Shopify by 197.9% during the 1st quarter.
GQG Partners LLC now owns 20,901,980 shares of the software maker’s stock worth $1,613,006,000 after acquiring an additional 13,885,473 shares during the period. Finally, Capital International Investors raised its position in shares of Shopify by 3.4% in the 1st quarter.
Capital International Investors now owns 16,392,141 shares of the software maker’s stock worth $1,264,982,000 after acquiring an additional 542,503 shares in the last quarter. 69.27% of the stock is owned by institutional investors.
About Shopify ( Get 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. Featured Articles 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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