As of May, 1 Analysts See $-0.23 EPS for Shopify Inc. (SHOP)

Postado Abril 16, 2018

New York State Common Retirement Fund now owns 129,152 shares of the software maker's stock worth $15,045,000 after acquiring an additional 65,236 shares during the period. Zacks Investment Research cut shares of Shopify from a "hold" rating to a "sell" rating in a research report on Wednesday, February 21st. On Wednesday, November 1 KeyBanc Capital Markets maintained the shares of SHOP in report with "Buy" rating. Piper Jaffray increased their target price on Shopify from $110.00 to $115.00 and gave the company an overweight rating in a research report on Friday, February 16th. On Monday, November 27 the company was maintained by KeyBanc Capital Markets. On Friday, February 16 the rating was maintained by Stephens with "Hold". Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. (NYSE:SHOP) with "Buy" rating.

Shares of Shopify stock traded down $3.24 during trading on Friday, hitting $117.51. The stock had a trading volume of 4,578,266 shares, compared to its average volume of 1,884,548. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.82 and a quick ratio of 10.83. The firm has a market capitalization of $12,060.15, a price-to-earnings ratio of -279.79 and a beta of 1.29. On Monday, February 12 the stock of Shopify Inc.

Shopify (NYSE:SHOP) (TSE:SHOP) last released its quarterly earnings data on Thursday, February 15th. Analysts predicts 666.67 % negative EPS growth this quarter. The company had revenue of $222.80 million for the quarter, compared to analyst estimates of $209.70 million. Shopify had a negative net margin of 5.94% and a negative return on equity of 4.74%. The earnings per share diference is $0.08 or 53.33 % down from last years number.

Institutional investors have recently added to or reduced their stakes in the stock. Abdiel Capital Advisors LP boosted its holdings in shares of Shopify by 12.2% during the 4th quarter. US Bancorp DE grew its stake in Shopify by 63.8% during the fourth quarter. Franklin Resources Inc. now owns 897,340 shares of the software maker's stock valued at $90,644,000 after purchasing an additional 363,490 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Shopify by 18.4% during the 3rd quarter. Finally, Bluestein R H & Co. acquired a new stake in shares of Shopify during the 4th quarter valued at approximately $202,000.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. Morgan Stanley lifted their price objective on Shopify from $116.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 30th. The Company's platform provides merchants with a single view of their business and clients in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and it has negative earnings.