Shopify (NASDAQ:SHOP) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane began coverage on shares of Shopify (NASDAQ:SHOP) (TSE:SHOP) in a research report released on Monday morning, MarketBeat reports. The firm issued a neutral rating on the software maker’s stock.

SHOP has been the subject of a number of other reports. ATB Capital cut shares of Shopify to a “sector perform” rating in a research report on Thursday, August 7th. Mizuho lifted their target price on Shopify from $85.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Evercore ISI upped their target price on Shopify from $120.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Bank of America lifted their price target on Shopify from $110.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Shopify in a research note on Monday, November 17th. Twenty-two analysts have rated the stock with a Buy rating and twenty-three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $165.69.

Shopify Stock Up 1.3%

SHOP stock opened at $159.34 on Monday. The business has a 50 day moving average price of $157.23 and a 200 day moving average price of $135.26. The stock has a market cap of $207.44 billion, a price-to-earnings ratio of 118.03, a PEG ratio of 5.81 and a beta of 2.73. Shopify has a fifty-two week low of $69.84 and a fifty-two week high of $182.19.

Shopify (NASDAQ:SHOP) (TSE:SHOP) last released its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Shopify had a net margin of 16.65% and a return on equity of 11.72%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Shopify has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Shopify will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SHOP. Twin Peaks Wealth Advisors LLC lifted its position in shares of Shopify by 1.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 3,448 shares of the software maker’s stock valued at $512,000 after acquiring an additional 59 shares during the period. Accurate Wealth Management LLC grew its holdings in Shopify by 2.0% in the third quarter. Accurate Wealth Management LLC now owns 3,438 shares of the software maker’s stock valued at $526,000 after purchasing an additional 67 shares during the last quarter. Moloney Securities Asset Management LLC increased its position in shares of Shopify by 1.8% in the third quarter. Moloney Securities Asset Management LLC now owns 3,951 shares of the software maker’s stock valued at $587,000 after buying an additional 70 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Shopify by 47.5% during the 2nd quarter. Rothschild Investment LLC now owns 233 shares of the software maker’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its stake in shares of Shopify by 0.9% during the 3rd quarter. Sivia Capital Partners LLC now owns 8,265 shares of the software maker’s stock worth $1,228,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

About Shopify

Shopify Inc, a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, Australia, China, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.