Shopify (NYSE:SHOP) (TSE:SHOP) posted its quarterly earnings data on Tuesday. The software maker reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.01), Briefing.com reports. The company had revenue of $390.60 million for the quarter, compared to analysts’ expectations of $383.82 million. Shopify had a negative return on equity of 3.85% and a negative net margin of 5.98%. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 EPS.
Shares of NYSE SHOP traded up $4.20 during midday trading on Wednesday, hitting $316.72. The stock had a trading volume of 1,466,431 shares, compared to its average volume of 2,302,221. The company has a market capitalization of $36.76 billion, a price-to-earnings ratio of -519.21 and a beta of 1.19. Shopify has a 1-year low of $117.64 and a 1-year high of $409.61. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $321.90 and a 200 day moving average price of $309.86.
A number of analysts recently commented on SHOP shares. ValuEngine cut Shopify from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group reiterated a “buy” rating and set a $370.00 price objective on shares of Shopify in a research report on Wednesday, September 11th. Jefferies Financial Group set a $300.00 price objective on Shopify and gave the stock a “hold” rating in a research report on Tuesday, September 10th. CIBC set a $350.00 price objective on Shopify and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, Roth Capital set a $325.00 price objective on Shopify and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $341.67.
Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in the United States, the United Kingdom, Canada, 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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