NASDAQ:SPOT - Spotify Stock Price, News, & Analysis

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$132.76 -2.67 (-1.97 %)
(As of 05/19/2019 04:00 PM ET)
Previous Close$132.76
Today's Range$131.99 - $135.00
52-Week Range$103.29 - $198.99
Volume991,298 shs
Average Volume1.66 million shs
Market Capitalization$23.65 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Spotify Technology SA is an innovative digital music service offering music fans instant access to a world of music. The company enables on-demand streaming of audio content and aim to combat music piracy by offering a user experience, while monetizing licensed content with both an ad-supported, free-to-the-user model and a premium, paid model. It provides a marketplace for additional products such as live events and music downloads. The company was founded by Daniel Ek and Martin Lorentzon in 2006 and is headquartered in Luxembourg.

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Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorN/A
Current SymbolNASDAQ:SPOT
CUSIPN/A
CIKN/A
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$23.65 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

Spotify (NASDAQ:SPOT) Frequently Asked Questions

What is Spotify's stock symbol?

Spotify trades on the NASDAQ under the ticker symbol "SPOT."

How were Spotify's earnings last quarter?

Spotify (NASDAQ:SPOT) announced its quarterly earnings data on Monday, April, 29th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of ($0.37) by $0.53. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. The business's revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the company posted ($1.01) earnings per share. View Spotify's Earnings History.

When is Spotify's next earnings date?

Spotify is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Spotify.

What guidance has Spotify issued on next quarter's earnings?

Spotify issued an update on its second quarter 2019 earnings guidance on Monday, April, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.7214-1.9494 billion.Spotify also updated its FY 2019 guidance to EPS.

What price target have analysts set for SPOT?

29 brokerages have issued 1-year price targets for Spotify's shares. Their forecasts range from $120.00 to $265.00. On average, they anticipate Spotify's share price to reach $181.40 in the next year. This suggests a possible upside of 36.6% from the stock's current price. View Analyst Price Targets for Spotify.

What is the consensus analysts' recommendation for Spotify?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 2 sell ratings, 5 hold ratings, 21 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spotify.

What are Wall Street analysts saying about Spotify stock?

Here are some recent quotes from research analysts about Spotify stock:
  • 1. Rosenblatt Securities analysts commented, "We remain bullish on SPOT’s long-term global brand leverage potential, both in/outside music, however we acknowledge the stock may be “catalyst-less” near-term, weighed by a heavy gross margin thru perhaps ‘20E. We believe this dynamic argues for a long- awaited price increase in Spotify’s most loyal, Nordic sub base. We present a scenario analysis below (with visuals on page 2) reflecting near-term ARPU and gross margin stability resulting from a € 1 price increase in the region, beginning in 1Q20E. We expect the stock would react favorably to this announcement and subsequently break from a tired 6-month trading range. We reiterate our Buy rating and DCF-based $175 PT. Shares may soon be unstuck with some help from the Nordics." (4/30/2019)
  • 2. Stifel Nicolaus analysts commented, "We maintain our Buy rating and 12-month Target Price of $170 on Spotify shares." (4/26/2019)
  • 3. According to Zacks Investment Research, "Spotify Technology S.A. provides music streaming services. The Company offers commercial free music and ad-supported services to subscribers. Spotify Technology S.A. is based in Sweden. " (4/25/2019)
  • 4. Cfra analysts commented, "We project significant revenue growth, of 26% to 29% annually through 2020. We think these gains will be driven largely by increases in monthly active users (MAUs) and subscribers. In addition, as the company adds to its user base and builds on its advertising offerings, we see related targeting and pricing improving. User engagement has been a SPOT strength that is also critical to growth." (9/19/2018)

Has Spotify been receiving favorable news coverage?

Media stories about SPOT stock have been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spotify earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

What other stocks do shareholders of Spotify own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include Netflix (NFLX), Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Square (SQ), Paypal (PYPL), Adobe (ADBE), Boeing (BA), salesforce.com (CRM) and Tesla (TSLA).

Who are Spotify's key executives?

Spotify's management team includes the folowing people:
  • Daniel Ek, Chairman & Chief Executive Officer
  • Barry W. McCarthy, Chief Financial Officer
  • Stig Gustav Victor Söderström, Chief Research & Development Officer
  • Jonathan Forster, VP-EMEA Sales
  • Seth Farbman, Chief Marketing Officer

When did Spotify IPO?

(SPOT) raised $0 in an initial public offering (IPO) on Tuesday, April 3rd 2018. The company issued 0 shares at a price of $0.00 per share. None acted as the underwriter for the IPO.

Who are Spotify's major shareholders?

Spotify's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (10.53%), Morgan Stanley (5.72%), Wellington Management Group LLP (3.12%), TPG Group Holdings SBS Advisors Inc. (1.90%), Alecta Pensionsforsakring Omsesidigt (0.93%) and Cadian Capital Management LP (0.65%).

Which institutional investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including TPG Group Holdings SBS Advisors Inc., Cadian Capital Management LP, Marshall Wace LLP, BlackRock Inc., Renaissance Technologies LLC, Janus Henderson Group PLC, Zevenbergen Capital Investments LLC and Zweig DiMenna Associates LLC.

Which institutional investors are buying Spotify stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Baillie Gifford & Co., Alecta Pensionsforsakring Omsesidigt, PointState Capital LP, SQN Investors LP, FMR LLC, Ardevora Asset Management LLP and Jennison Associates LLC.

How do I buy shares of Spotify?

Shares of SPOT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Spotify's stock price today?

One share of SPOT stock can currently be purchased for approximately $132.76.

How big of a company is Spotify?

Spotify has a market capitalization of $23.65 billion.


MarketBeat Community Rating for Spotify (NASDAQ SPOT)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  157 (Vote Outperform)
Underperform Votes:  110 (Vote Underperform)
Total Votes:  267
MarketBeat's community ratings are surveys of what our community members think about Spotify and other stocks. Vote "Outperform" if you believe SPOT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPOT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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