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

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$126.50 -7.71 (-5.74 %)
(As of 11/19/2018 01:25 PM ET)
Previous Close$134.21
Today's Range$125.70 - $134.26
52-Week Range$126.75 - $198.99
Volume737,045 shs
Average Volume2.10 million shs
Market CapitalizationN/A
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

Stock Exchange NASDAQ
Industry N/A
Sub-IndustryN/A
SectorN/A
Current SymbolNASDAQ:SPOT
Previous Symbol
CUSIPN/A
WebN/A
PhoneN/A

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

EmployeesN/A
Outstanding Shares178,110,000
Market Cap$0.00
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) issued its quarterly earnings results on Thursday, November, 1st. The company reported $0.23 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.51) by $0.74. The business earned $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Spotify's revenue for the quarter was up 31.0% on a year-over-year basis. View Spotify's Earnings History.

When is Spotify's next earnings date?

Spotify is scheduled to release their next quarterly earnings announcement on Thursday, February 7th 2019. View Earnings Estimates for Spotify.

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

Spotify updated its fourth quarter 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.539-1.767 billion, compared to the consensus revenue estimate of $1.69 billion.

What price target have analysts set for SPOT?

32 equities research analysts have issued 12-month price targets for Spotify's shares. Their predictions range from $130.00 to $265.00. On average, they anticipate Spotify's share price to reach $200.2593 in the next year. This suggests a possible upside of 57.7% from the stock's current price. View Analyst Price Targets for Spotify.

What is the consensus analysts' recommendation for Spotify?

32 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 1 sell rating, 6 hold ratings, 24 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. 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. " (11/7/2018)
  • 2. 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 very positive on Monday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing 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 closest to five being the most favorable. Spotify earned a news impact score of 3.1 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

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 $0.00 per share. None acted as the underwriter for the IPO.

When did the company's lock-up period expire?

Spotify's lock-up period expired on Monday, October 1st. Spotify had issued 55,731,480 shares in its IPO on April 3rd. The total size of the offering was $9,245,852,532 based on an initial share price of $165.90. Since the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

Who are Spotify's major shareholders?

Spotify's stock is owned by a number of of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (8.52%), Alecta Pensionsforsakring Omsesidigt (0.72%), Steadfast Capital Management LP (0.69%), JPMorgan Chase & Co. (0.67%), Lansdowne Partners UK LLP (0.58%) and Point72 Asset Management L.P. (0.57%).

Which major investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Soros Fund Management LLC, Alecta Pensionsforsakring Omsesidigt, Steadfast Capital Management LP, Lansdowne Partners UK LLP, Millennium TVP Management Co. LLC, JS Capital Management LLC, Man Group plc and Jennison Associates LLC.

Which major investors are buying Spotify stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Point72 Asset Management L.P., Capital Research Global Investors, Massachusetts Financial Services Co. MA, Epoch Investment Partners Inc., Bessemer Group Inc., Eagle Asset Management Inc. and Robeco Institutional Asset Management B.V..

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 $127.01.


MarketBeat Community Rating for Spotify (NASDAQ SPOT)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  107 (Vote Outperform)
Underperform Votes:  65 (Vote Underperform)
Total Votes:  172
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 11/19/2018 by MarketBeat.com Staff

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