Shopify Inc (US) (NYSE:SHOP) (TSE:SHOP) – DA Davidson lifted their FY2017 earnings per share estimates for Shopify Inc (US) in a report released on Thursday. DA Davidson analyst T. Forte now expects that the software maker will post earnings of ($0.50) per share for the year, up from their previous estimate of ($0.51). DA Davidson currently has a “Neutral” rating and a $110.00 price target on the stock. DA Davidson also issued estimates for Shopify Inc (US)’s Q1 2018 earnings at ($0.06) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.13) EPS, FY2019 earnings at $0.42 EPS, FY2020 earnings at $1.26 EPS and FY2021 earnings at $2.42 EPS.

Several other equities analysts have also issued reports on SHOP. Roth Capital reiterated a “buy” rating and issued a $144.00 target price (up previously from $127.00) on shares of Shopify Inc (US) in a research note on Tuesday. Morgan Stanley lifted their target price on Shopify Inc (US) from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Wedbush reiterated an “outperform” rating and issued a $140.00 target price (up previously from $120.00) on shares of Shopify Inc (US) in a research note on Monday. Barclays lifted their target price on Shopify Inc (US) from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 1st. Finally, Vetr upgraded Shopify Inc (US) from a “buy” rating to a “strong-buy” rating and set a $140.24 target price on the stock in a research note on Monday, February 5th. One 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. The company has an average rating of “Buy” and a consensus price target of $109.24.

Shopify Inc (NYSE SHOP) opened at $126.06 on Monday. Shopify Inc has a 52 week low of $54.30 and a 52 week high of $131.16. The company has a quick ratio of 10.64, a current ratio of 10.64 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $12,510.00 and a PE ratio of -257.27.

Hedge funds have recently modified their holdings of the company. Advisory Services Network LLC grew its stake in shares of Shopify Inc (US) by 26.6% during the second quarter. Advisory Services Network LLC now owns 1,420 shares of the software maker’s stock worth $123,000 after acquiring an additional 298 shares during the last quarter. US Bancorp DE grew its stake in shares of Shopify Inc (US) by 63.8% during the fourth quarter. US Bancorp DE now owns 1,889 shares of the software maker’s stock worth $191,000 after acquiring an additional 736 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Shopify Inc (US) during the third quarter worth about $233,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Shopify Inc (US) during the fourth quarter worth about $202,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of Shopify Inc (US) during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 54.61% of the company’s stock.

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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.

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