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

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$137.45 -4.65 (-3.27 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$142.10
Today's Range$136.40 - $143.00
52-Week Range$103.29 - $198.99
Volume1.78 million shs
Average Volume1.76 million shs
Market Capitalization$24.48 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$24.48 billion
Next Earnings Date5/1/2019 (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) issued its quarterly earnings data on Wednesday, February, 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.24) by $0.65. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.50 billion. Spotify's revenue for the quarter was up 30.1% compared to the same quarter last year. View Spotify's Earnings History.

When is Spotify's next earnings date?

Spotify is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Spotify.

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

Spotify issued an update on its FY 2019 earnings guidance on Wednesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.239-7.752 billion.Spotify also updated its Q1 2019 guidance to EPS.

What price target have analysts set for SPOT?

32 equities research analysts have issued 1-year target prices for Spotify's shares. Their predictions range from $120.00 to $265.00. On average, they anticipate Spotify's share price to reach $189.7037 in the next year. This suggests a possible upside of 38.0% 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. Rosenblatt Securities analysts commented, "We continue to believe SPOT’s modest share of OUS and yet dominant global brand remains grossly under-appreciated in the shares." (2/10/2019)
  • 2. 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)
  • 3. 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?

News stories about SPOT stock have trended somewhat negative recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spotify earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.

What other stocks do shareholders of Spotify own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Micron Technology (MU), Adobe (ADBE), Paypal (PYPL), Square (SQ), salesforce.com (CRM), Boeing (BA) 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 $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 retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (9.86%), Coatue Management LLC (2.07%), AMF Pensionsforsakring AB (1.16%), Carmignac Gestion (0.56%), Epoch Investment Partners Inc. (0.35%) and Naya Capital Management UK Ltd. (0.28%).

Which institutional investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Carmignac Gestion, AMF Pensionsforsakring AB, Vista Equity Partners Management LLC, New York State Common Retirement Fund, Canada Pension Plan Investment Board, Wexford Capital LP and Bank of America Corp DE.

Which institutional investors are buying Spotify stock?

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Coatue Management LLC, Norges Bank, Naya Capital Management UK Ltd., Epoch Investment Partners Inc., Northern Trust Corp, Raymond James Financial Services Advisors Inc. and American Century Companies Inc..

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 $137.45.

How big of a company is Spotify?

Spotify has a market capitalization of $24.48 billion.


MarketBeat Community Rating for Spotify (NASDAQ SPOT)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  142 (Vote Outperform)
Underperform Votes:  100 (Vote Underperform)
Total Votes:  242
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 3/26/2019 by MarketBeat.com Staff

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