Shopify (SHOP) Announces Quarterly Earnings Results

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Shopify (NYSE:SHOP) (TSE:SHOP) posted its earnings results on Tuesday. The software maker reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.32, MarketWatch Earnings reports. The firm had revenue of $344.00 million for the quarter, compared to the consensus estimate of $327.45 million. Shopify had a negative net margin of 6.93% and a negative return on equity of 4.26%. The business’s quarterly revenue was up 54.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Shopify updated its FY 2019 guidance to EPS and its Q1 2019 guidance to EPS.

NYSE SHOP opened at $173.17 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.82 and a quick ratio of 11.82. Shopify has a twelve month low of $112.50 and a twelve month high of $180.00. The stock has a market capitalization of $18.66 billion, a P/E ratio of -412.31 and a beta of 1.51.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackey Komara & Dankovich LLC bought a new stake in shares of Shopify in the fourth quarter valued at about $28,000. Optimum Investment Advisors bought a new stake in shares of Shopify in the fourth quarter valued at about $28,000. Quad Cities Investment Group LLC bought a new stake in shares of Shopify in the fourth quarter valued at about $28,000. We Are One Seven LLC bought a new stake in shares of Shopify in the fourth quarter valued at about $27,000. Finally, North Star Investment Management Corp. lifted its stake in shares of Shopify by 90.9% in the fourth quarter. North Star Investment Management Corp. now owns 210 shares of the software maker’s stock valued at $29,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

SHOP has been the topic of several analyst reports. Royal Bank of Canada increased their target price on shares of Shopify from $159.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Monday. Zacks Investment Research upgraded shares of Shopify from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Wedbush restated an “outperform” rating and set a $177.00 price target on shares of Shopify in a report on Monday, January 28th. Rosenblatt Securities set a $190.00 price target on shares of Shopify and gave the company a “buy” rating in a report on Friday, October 26th. Finally, DA Davidson upgraded shares of Shopify from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a report on Friday, December 21st. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Shopify currently has a consensus rating of “Buy” and an average price target of $168.61.

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About Shopify

Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

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Earnings History for Shopify (NYSE:SHOP)

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