Waverly Advisors LLC Buys 9,519 Shares of Shopify Inc. $SHOP

Waverly Advisors LLC boosted its stake in Shopify Inc. (NASDAQ:SHOP) (TSE:SHOP) by 68.3% in the second quarter, HoldingsChannel reports. The firm owned 23,448 shares of the software maker’s stock after buying an additional 9,519 shares during the period. Waverly Advisors LLC’s holdings in Shopify were worth $2,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Shopify by 2.8% during the 4th quarter. Brighton Jones LLC now owns 21,176 shares of the software maker’s stock worth $2,252,000 after purchasing an additional 584 shares in the last quarter. AQR Capital Management LLC increased its position in Shopify by 107.3% in the 1st quarter. AQR Capital Management LLC now owns 14,576 shares of the software maker’s stock valued at $1,392,000 after buying an additional 7,544 shares in the last quarter. Sivia Capital Partners LLC increased its position in Shopify by 6.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,190 shares of the software maker’s stock valued at $945,000 after buying an additional 506 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Shopify during the 2nd quarter worth approximately $53,000. Finally, Main Street Financial Solutions LLC raised its stake in Shopify by 15.3% during the 2nd quarter. Main Street Financial Solutions LLC now owns 11,131 shares of the software maker’s stock worth $1,284,000 after buying an additional 1,479 shares during the period. 69.27% of the stock is owned by institutional investors.

Shopify Stock Up 1.7%

Shares of NASDAQ:SHOP opened at $128.79 on Friday. The stock has a market cap of $165.71 billion, a price-to-earnings ratio of 87.02, a PEG ratio of 2.63 and a beta of 2.61. The company has a quick ratio of 5.35, a current ratio of 5.35 and a debt-to-equity ratio of 0.01. Shopify Inc. has a 12-month low of $94.00 and a 12-month high of $182.19. The business’s 50 day moving average is $135.65 and its 200 day moving average is $123.14.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $3.58 billion during the quarter. Shopify had a return on equity of 12.58% and a net margin of 14.53%.The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 earnings per share. On average, sell-side analysts forecast that Shopify Inc. will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SHOP shares. National Bank Financial reissued an “outperform” rating and issued a $180.00 price objective (up from $155.00) on shares of Shopify in a research note on Wednesday, August 5th. Rothschild & Co Redburn set a $130.00 target price on Shopify and gave the stock a “neutral” rating in a report on Tuesday, July 21st. BMO Capital Markets set a $165.00 price target on shares of Shopify and gave the company an “outperform” rating in a research report on Thursday, August 6th. Benchmark boosted their price target on shares of Shopify from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.34.

More Shopify News

Here are the key news stories impacting Shopify this week:

• Positive Sentiment: Bernstein starts coverage at Outperform: Bernstein initiated coverage with a $160 price target, implying more than 26% upside from Thursday’s close. The firm said Shopify is well positioned to lead innovation in commerce, supporting the stock’s premarket strength. Shopify Shares Rise 2.5% as Bernstein Starts Coverage at Outperform
• Positive Sentiment: Operating leverage and AI-commerce potential: StoneX highlighted that Shopify’s headcount has remained flat for more than eight quarters while revenue grew roughly 34%, suggesting improving efficiency. Analysts also view Shopify’s AI commerce initiatives as a potential growth driver rather than an immediate threat. StoneX Backs Shopify on Agent Commerce Data
• Positive Sentiment: Expansion of merchant services: Analysts remain constructive after Shopify’s reported 34% revenue growth, strong gross merchandise volume and $654 million in free cash flow. The planned expansion of Shop Pay Installments into Australia and the addition of Tailwind Labs’ team could strengthen Shopify’s merchant ecosystem and custom-storefront capabilities. Shopify: Buy The Affirm Australia Expansion, But Do Not Chase Blindly
• Neutral Sentiment: Recent selloff leaves technical and valuation questions: SHOP recently fell below a key technical level and remains below its 50-day moving average, although it is above its 200-day average. With a price-to-earnings ratio near 87, investors may be reluctant to chase the rebound despite the bullish $160 target. Turn Shopify Stock Sell-Off Into A Profit Opportunity With This Spread Strategy
• Negative Sentiment: AI-agent competition remains a concern: The launch of consumer AI agents from companies including Meta has weighed on confidence in Shopify, contributing to a sharp recent decline. The bullish view is that these agents may ultimately drive more commerce through Shopify’s infrastructure, but that thesis is not yet proven. Why Meta’s Consumer AI Agent Is Good News for Shopify Stock

About Shopify

Shopify Inc (NASDAQ:SHOP) is a commerce technology company that provides tools for businesses of various sizes to start, operate and grow retail operations. Its platform enables merchants to create and manage online stores, sell through social media and other digital channels, and support in-person sales through Shopify’s point-of-sale solutions.

Shopify’s products and services include online storefront and website-building tools, payment processing through Shopify Payments, point-of-sale hardware and software, inventory and order management, shipping and fulfillment tools, marketing features, analytics, and financing services for eligible merchants.