What is DA Davidson’s Estimate for Shopify FY2025 Earnings?

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Investment analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Shopify in a research note issued on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $1.02 per share for the year, down from their previous forecast of $1.10. DA Davidson has a “Buy” rating and a $115.00 price target on the stock. The consensus estimate for Shopify’s current full-year earnings is $1.12 per share.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%.

Several other brokerages have also recently issued reports on SHOP. Truist Financial boosted their price target on Shopify from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, February 12th. New Street Research assumed coverage on shares of Shopify in a research report on Friday, January 10th. They set a “neutral” rating and a $115.00 price objective for the company. Royal Bank of Canada lowered their target price on shares of Shopify from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Shopify from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, ATB Capital lifted their price target on Shopify from $145.00 to $170.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.94.

Shopify Stock Performance

Shares of Shopify stock opened at $83.65 on Wednesday. The company’s fifty day moving average is $101.26 and its two-hundred day moving average is $101.43. Shopify has a 1 year low of $48.56 and a 1 year high of $129.38. The company has a market capitalization of $108.31 billion, a P/E ratio of 53.97, a PEG ratio of 4.82 and a beta of 2.82.

Institutional Trading of Shopify

Hedge funds have recently made changes to their positions in the company. World Investment Advisors LLC boosted its position in Shopify by 113.4% in the 3rd quarter. World Investment Advisors LLC now owns 12,751 shares of the software maker’s stock valued at $1,022,000 after buying an additional 6,776 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Shopify during the third quarter worth $615,000. Synovus Financial Corp bought a new position in shares of Shopify in the 3rd quarter worth about $481,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Shopify by 29.3% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 9,551 shares of the software maker’s stock valued at $765,000 after buying an additional 2,162 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Shopify by 700.0% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 1,000 shares of the software maker’s stock valued at $80,000 after buying an additional 875 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

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.