Shopify Inc. (SHOP) EPS Estimated At $-0.23; Compass Group Diversified Holdings (CODI) Has 1.62 Sentiment

April 17, 2018 - By Stephen Andrade

Shopify Inc. (NYSE:SHOP) Logo

Compass Group Diversified Holdings LLC (CODI) investors sentiment increased to 1.62 in Q4 2017. It’s up 0.30, from 1.32 in 2017Q3. The ratio improved, as 42 hedge funds increased or started new stock positions, while 26 sold and trimmed holdings in Compass Group Diversified Holdings LLC. The hedge funds in our database now possess: 19.87 million shares, up from 19.09 million shares in 2017Q3. Also, the number of hedge funds holding Compass Group Diversified Holdings LLC in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 20 Increased: 29 New Position: 13.

Analysts expect Shopify Inc. (NYSE:SHOP) to report $-0.23 EPS on May, 1 before the open.They anticipate $0.08 EPS change or 53.33% from last quarter’s $-0.15 EPS. After having $-0.03 EPS previously, Shopify Inc.’s analysts see 666.67% EPS growth. The stock decreased 0.49% or $0.57 during the last trading session, reaching $116.94. About 2.11 million shares traded or 7.58% up from the average. Shopify Inc. (NYSE:SHOP) has risen 82.98% since April 17, 2017 and is uptrending. It has outperformed by 71.43% the S&P500.

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. The company has market cap of $12.36 billion. 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. It currently has negative earnings. The firm was formerly known as Jaded Pixel Technologies Inc. and changed its name to Shopify Inc. in November 2011.

Among 33 analysts covering Shopify (NYSE:SHOP), 16 have Buy rating, 0 Sell and 17 Hold. Therefore 48% are positive. Shopify had 84 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, August 1 by Canaccord Genuity. The firm has “Buy” rating given on Wednesday, August 2 by Roth Capital. The company was maintained on Monday, September 4 by Piper Jaffray. The firm has “Hold” rating given on Sunday, September 3 by RBC Capital Markets. The firm has “Buy” rating by Monness Crespi & Hardt given on Wednesday, June 29. Robert W. Baird maintained it with “Buy” rating and $110.0 target in Friday, September 29 report. The rating was maintained by SunTrust with “Hold” on Tuesday, October 31. Roth Capital maintained Shopify Inc. (NYSE:SHOP) on Tuesday, November 21 with “Buy” rating. The firm has “Hold” rating given on Wednesday, September 6 by DA Davidson. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, February 15.

Compass Diversified Holdings LLC is a private equity firm specializing in acquisitions, buyouts, industry consolidation, recapitalization, and middle market investments. The company has market cap of $1.01 billion. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, and business services sectors. It currently has negative earnings. The firm prefers to invest in companies based in North America.

Analysts await Compass Diversified Holdings LLC (NYSE:CODI) to report earnings on May, 2. They expect $0.26 earnings per share, up 189.66% or $0.55 from last year’s $-0.29 per share. CODI’s profit will be $15.57M for 16.15 P/E if the $0.26 EPS becomes a reality. After $0.53 actual earnings per share reported by Compass Diversified Holdings LLC for the previous quarter, Wall Street now forecasts -50.94% negative EPS growth.

The stock increased 2.44% or $0.4 during the last trading session, reaching $16.8. About 227,740 shares traded or 48.12% up from the average. Compass Diversified Holdings LLC (CODI) has risen 0.31% since April 17, 2017 and is uptrending. It has underperformed by 11.24% the S&P500.

Compass Diversified Holdings LLC (NYSE:CODI) Institutional Positions Chart

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