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

SHOP opened at $173.17 on Tuesday. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of -412.31 and a beta of 1.51. 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 1-year low of $112.50 and a 1-year high of $180.00.

A number of brokerages recently issued reports on SHOP. Royal Bank of Canada increased their price objective on Shopify from $159.00 to $180.00 and gave the stock a “sector perform” rating in a report on Monday. Wedbush increased their price objective on Shopify from $177.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday. Zacks Investment Research raised Shopify from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Rosenblatt Securities set a $190.00 price objective on Shopify and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, Macquarie set a $185.00 price objective on Shopify and gave the stock a “buy” rating in a report on Friday, October 26th. Seven investment 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 an average rating of “Buy” and a consensus price target of $168.61.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHOP. Elephas Investment Management Ltd acquired a new stake in shares of Shopify during the 4th quarter valued at $1,447,000. Mn Services Vermogensbeheer B.V. lifted its position in shares of Shopify by 249.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 47,912 shares of the software maker’s stock valued at $5,793,000 after acquiring an additional 34,194 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in shares of Shopify by 73.3% during the 4th quarter. Wellington Shields Capital Management LLC now owns 5,200 shares of the software maker’s stock valued at $720,000 after acquiring an additional 2,200 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of Shopify by 1.3% during the 4th quarter. State of Tennessee Treasury Department now owns 203,746 shares of the software maker’s stock valued at $28,209,000 after acquiring an additional 2,675 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Shopify by 13.8% during the 4th quarter. Advisor Group Inc. now owns 30,940 shares of the software maker’s stock valued at $4,284,000 after acquiring an additional 3,746 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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Shopify Company Profile

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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