Shopify (NYSE:SHOP – Get Rating) (TSE:SHOP) is expected to release earnings data ahead of market open Thursday, May 5. Analysts expect Shopify to post earnings of ($0.39) per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.

Shopify (NYSE:SHOP – Get Rating) (TSE:SHOP) last released its quarterly earnings data on Wednesday, February 16. The software maker reported EPS of $0.62 for the quarter, beating Thomson Reuters consensus estimate of $0.53 by $0.09. The company posted revenue of $1.38 billion in the quarter, versus a consensus estimate of $1.34 billion. Shopify had a net margin of 63.20% and a return on equity of 4.38%. Shopify’s revenue for the quarter increased 41.1% year over year. During the same period last year, the company achieved EPS of $1.15. On average, analysts expect Shopify to post EPS of -$2 for the current fiscal year and EPS of -$1 for the next fiscal year.

SHOP opened at $416.20 on Thursday. The company has a 50-day moving average of $622.49 and a 200-day moving average of $1,061.63. The company has a market capitalization of $52.40 billion, a PE ratio of 18.18 and a beta of 1.63. Shopify has a 12-month low of $413.32 and a 12-month high of $1,762.92. The company has a current ratio of 12.15, a quick ratio of 12.15 and a debt ratio of 0.10.

Shopify shares are expected to split before the market opens on Wednesday, June 29. The 10-1 split was announced on Monday, April 11. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 28.

Several institutional investors and hedge funds have recently changed their positions in SHOP. BlackRock Inc. increased its stake in Shopify shares by 22.3% during the 4th quarter. BlackRock Inc. now owns 602,700 shares of the software maker valued at $830,154,000 after buying an additional 109,851 shares last quarter. Vista Equity Partners Management LLC increased its stake in Shopify shares by 93.2% during Q4. Vista Equity Partners Management LLC now owns 16,969 shares of the software maker valued at $23,373,000 after buying 8,187 additional shares last quarter. Parametric Portfolio Associates LLC increased its stake in Shopify stock by 3.5% during Q4. Parametric Portfolio Associates LLC now owns 82,067 shares of the software maker valued at $113,038,000 after buying 2,802 additional shares last quarter. Thrivent Financial for Lutherans increased its stake in Shopify stock by 12.7% during Q4. Thrivent Financial for Lutherans now owns 20,317 shares of the software maker valued at $28,138,000 after buying 2,287 additional shares last quarter. Finally, Weiss Multi Strategy Advisers LLC purchased a new equity stake in Shopify during Q4, valued at approximately $2,070,000. 60.37% of the shares are currently held by hedge funds and other institutional investors.

Several analysts have released reports on SHOP’s stock. Oppenheimer lowered his target price on Shopify stock from $1,350.00 to $960.00 and set an “outperform” rating on the stock in a Wednesday, Feb. 16 research note. Mizuho lowered its target price on Shopify stock from $900.00 to $800.00 and set a “neutral” rating on the stock in a Thursday, Feb. 17 research note. Barclays lowered its price target on Shopify shares from $1,800.00 to $1,200.00 and set an “equal weight” rating on the stock in a Tuesday, February 1 research note. DA Davidson lowered his target price on Shopify stock from $1,400.00 to $800.00 in a Thursday, Feb. 17 research note. Finally, Evercore ISI lowered its price target on Shopify stock from $1,770.00 to $1,000.00 and set an “outperform” rating on the stock in a Thursday, Feb. 17 research report. One investment analyst gave the stock a sell rating, eighteen gave the company a hold rating and twenty gave the company a buy rating. Based on data from MarketBeat, Shopify has an average rating of “Hold” and a consensus price target of $1,107.85.

About Shopify (Get a rating)

Shopify Inc, a commerce company, provides commerce platform and services in Canada, United States, Europe, Middle East, Africa, Asia-Pacific and Latin America. The Company’s platform enables merchants to display, manage, market and sell its products through various sales channels, including web and mobile storefronts, brick-and-mortar outlets, pop-up stores, social media, native mobile apps, buy buttons and marketplaces; and helps manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reports, manage cash, payments and transactions, and access funding.

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