Equities Analysts Offer Predictions for Shopify Q4 Earnings

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Investment analysts at Capital One Financial upped their Q4 2024 earnings estimates for Shopify in a research note issued to investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now forecasts that the software maker will earn $0.45 per share for the quarter, up from their previous forecast 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 several other reports. DZ Bank cut shares of Shopify from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Canaccord Genuity Group increased their target price on shares of Shopify from $80.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company increased their target price on shares of Shopify from $90.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Truist Financial increased their target price on shares of Shopify from $65.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group increased their target price on shares of Shopify from $88.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.31.

Shopify Price Performance

Shares of SHOP opened at $103.25 on Monday. Shopify has a fifty-two week low of $48.56 and a fifty-two week high of $120.72. The company has a market capitalization of $133.41 billion, a price-to-earnings ratio of 96.50, a price-to-earnings-growth ratio of 2.18 and a beta of 2.46. The firm has a 50-day simple moving average of $109.39 and a 200-day simple moving average of $85.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 7.10 and a current ratio of 7.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group raised its position in shares of 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 buying an additional 200 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Shopify during the 3rd quarter worth about $33,000. Rosenberg Matthew Hamilton raised its position in shares of Shopify by 41.3% during 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 in the last quarter. Truvestments Capital LLC bought a new stake in shares of Shopify during the 3rd quarter worth about $45,000. Finally, GAMMA Investing LLC raised its position in shares of Shopify by 73.5% during 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 in the last quarter. 69.27% of the stock is owned by institutional investors and hedge funds.

About Shopify

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.