What is DA Davidson’s Forecast for Shopify FY2025 Earnings?

Shopify Inc. (NYSE:SHOP) (TSE:SHOP) – Analysts at DA Davidson cut their FY2025 earnings estimates for shares of Shopify in a research report issued on Friday, May 9th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $0.98 per share for the year, down from their prior forecast of $1.02. DA Davidson has a “Buy” rating and a $115.00 price objective on the stock. The consensus estimate for Shopify’s current full-year earnings is $1.12 per share. DA Davidson also issued estimates for Shopify’s FY2026 earnings at $1.31 EPS.

Shopify (NYSE:SHOP) (TSE:SHOP) last posted its quarterly earnings data on Tuesday, February 11th. The software maker reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). Shopify had a net margin of 22.74% and a return on equity of 12.00%.

A number of other analysts have also commented on SHOP. Barclays decreased their target price on Shopify from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Royal Bank of Canada lowered their target price on shares of Shopify from $145.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Scotiabank cut their price target on Shopify from $120.00 to $90.00 and set a “sector perform” rating for the company in a research note on Monday, April 28th. Jefferies Financial Group decreased their price objective on Shopify from $130.00 to $110.00 and set a “hold” rating for the company in a report on Monday, May 5th. Finally, UBS Group dropped their target price on Shopify from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.37.

Shopify Price Performance

Shares of SHOP opened at $107.68 on Monday. The business has a 50-day moving average of $93.35 and a 200-day moving average of $103.26. Shopify has a 1 year low of $48.56 and a 1 year high of $129.38. The company has a market capitalization of $139.43 billion, a price-to-earnings ratio of 69.47, a price-to-earnings-growth ratio of 4.82 and a beta of 2.66.

Institutional Trading of Shopify

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Diversified Trust Co bought a new stake in shares of Shopify during the fourth quarter valued at about $279,000. Aprio Wealth Management LLC grew its stake in Shopify by 18.8% during the fourth quarter. Aprio Wealth Management LLC now owns 3,502 shares of the software maker’s stock valued at $372,000 after acquiring an additional 555 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in Shopify by 13.2% during the 4th quarter. Fiduciary Alliance LLC now owns 13,865 shares of the software maker’s stock worth $1,474,000 after acquiring an additional 1,615 shares during the period. Kieckhefer Group LLC purchased a new stake in Shopify in the 4th quarter worth approximately $175,000. Finally, Eastern Bank lifted its stake in Shopify by 18.4% in the 4th quarter. Eastern Bank now owns 2,120 shares of the software maker’s stock worth $225,000 after purchasing an additional 330 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors.

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.