Q2 2019 Earnings Estimate for Shopify Inc (US) Issued By Wedbush (SHOP)

Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) – Equities research analysts at Wedbush issued their Q2 2019 EPS estimates for shares of Shopify Inc (US) in a research note issued on Monday. Wedbush analyst A. Turner forecasts that the software maker will post earnings per share of ($0.14) for the quarter. Wedbush currently has a “Outperform” rating and a $140.00 price target on the stock. Wedbush also issued estimates for Shopify Inc (US)’s FY2019 earnings at ($0.42) EPS.

Other research analysts also recently issued reports about the company. Piper Jaffray Companies lifted their price target on Shopify Inc (US) from $110.00 to $120.00 in a report on Tuesday, October 31st. Vetr downgraded Shopify Inc (US) from a “strong-buy” rating to a “buy” rating and set a $122.39 price target on the stock. in a report on Tuesday, November 21st. Roth Capital lifted their price target on Shopify Inc (US) from $119.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. KeyCorp reiterated a “buy” rating and issued a $116.00 price target on shares of Shopify Inc (US) in a report on Wednesday, November 1st. Finally, Monness Crespi & Hardt upgraded Shopify Inc (US) from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Shopify Inc (US) presently has an average rating of “Buy” and an average price target of $109.24.

Shares of Shopify Inc (NYSE:SHOP) traded up $10.70 during trading hours on Wednesday, hitting $136.76. The stock had a trading volume of 3,028,607 shares, compared to its average volume of 1,464,902. Shopify Inc has a twelve month low of $54.30 and a twelve month high of $137.95. The stock has a market cap of $13,470.00 and a P/E ratio of -279.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 10.64 and a quick ratio of 10.64.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Coatue Management LLC lifted its position in Shopify Inc (US) by 166.8% during the 4th quarter. Coatue Management LLC now owns 7,006,613 shares of the software maker’s stock worth $707,668,000 after acquiring an additional 4,380,903 shares during the period. Abdiel Capital Advisors LP lifted its position in Shopify Inc (US) by 12.2% during the 4th quarter. Abdiel Capital Advisors LP now owns 1,570,200 shares of the software maker’s stock worth $158,590,000 after acquiring an additional 170,200 shares during the period. Whale Rock Capital Management LLC lifted its position in Shopify Inc (US) by 37.7% during the 3rd quarter. Whale Rock Capital Management LLC now owns 1,323,557 shares of the software maker’s stock worth $154,181,000 after acquiring an additional 362,527 shares during the period. Baillie Gifford & Co. acquired a new stake in Shopify Inc (US) during the 3rd quarter worth about $109,344,000. Finally, Franklin Resources Inc. lifted its position in Shopify Inc (US) by 68.1% during the 4th quarter. Franklin Resources Inc. now owns 897,340 shares of the software maker’s stock worth $90,644,000 after acquiring an additional 363,490 shares during the period. 54.61% of the stock is owned by institutional investors.

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Shopify Inc (US) Company Profile

Shopify Inc (Shopify) provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. The Company offers subscription solutions and merchant solutions. The Company’s software is used by merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts and marketplaces.

Earnings History and Estimates for Shopify Inc (US) (NYSE:SHOP)

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