Anticipated $-0.23 EPS for Shopify Inc. (SHOP) as of May, 1

Cornelia Mascio
Aprile 21, 2018

After having $-0.03 EPS previously, Shopify Inc.'s analysts see 666.67 % EPS growth.

Earnings report for Shopify Inc. Franklin Resources Inc. lifted its holdings in Shopify by 68.1% in the 4th quarter. Wellington Shields Capital Management LLC acquired a new stake in shares of Shopify in the fourth quarter worth $202,000. Franklin Resources Inc. now owns 897,340 shares of the software maker's stock worth $90,644,000 after purchasing an additional 363,490 shares in the last quarter. Associated Banc Corp acquired a new stake in shares of Shopify in the third quarter worth $236,000. On Wednesday, November 1 the stock of Shopify Inc. Whale Rock Capital Management LLC now owns 1,636,189 shares of the software maker's stock valued at $165,255,000 after acquiring an additional 312,632 shares during the period. Finally, Scge Management L.P. acquired a new stake in Shopify Inc (US) during the fourth quarter valued at $37,297,000.

Ladenburg Thalmann Financial Services Inc. reduced its stake in shares of Shopify (NYSE:SHOP) (TSE:SHOP) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.

SHOP traded up $0.12 during midday trading on Friday, hitting $126.79. Shopify has a fifty-two week low of $71.27 and a fifty-two week high of $154.82. The company has a 50-day moving average price of $72.37 and a 200-day moving average price of $54.47.

(NYSE:SHOP) on Thursday, February 22 with "Buy" rating. Shopify had a negative return on equity of 4.74% and a negative net margin of 5.94%. That is 53.33 % down compareed to $-0.15 earnings per share for a year ago. The firm's quarterly revenue was up 75.2% compared to the same quarter previous year. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.09.

SHOP has been the subject of several recent research reports. Zacks Investment Research lowered shares of Shopify from a hold rating to a sell rating in a research note on Wednesday, February 21st. KeyCorp boosted their price target on Shopify from $150.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, March 22nd. DA Davidson upped their price objective on Shopify to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. On Monday, February 12 the firm has "Hold" rating given by RBC Capital Markets. On Monday, February 12 the firm has "Buy" rating given by Wedbush. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. Shopify Inc (US) now has an average rating of "Hold" and an average target price of $70.89. The Company's platform provides merchants with a single view of their business and clients in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables them to manage products and inventory, process orders and payments, ship orders, build customer relationships, and leverage analytics and reporting.

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