Shopify (SHOP) Expected to Announce Earnings on Tuesday

Shopify (NYSE:SHOP) (TSE:SHOP) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $2.73 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Shopify Stock Down 2.1 %

Shares of NYSE SHOP opened at $114.38 on Tuesday. The stock has a market capitalization of $147.79 billion, a PE ratio of 106.90, a P/E/G ratio of 2.46 and a beta of 2.47. The company has a quick ratio of 7.10, a current ratio of 7.10 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $110.36 and a 200-day moving average of $88.97. Shopify has a 52-week low of $48.56 and a 52-week high of $122.00.

Analyst Ratings Changes

Several research analysts have commented on the company. KeyCorp raised their price objective on Shopify from $80.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their price target on Shopify from $67.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. New Street Research initiated coverage on shares of Shopify in a research report on Friday, January 10th. They issued a “neutral” rating and a $115.00 price objective for the company. Wedbush raised shares of Shopify from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $125.00 in a research report on Monday, January 6th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price target on shares of Shopify in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.32.

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.