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

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$131.31 -6.75 (-4.89 %)
(As of 11/12/2018 04:00 PM ET)
Previous Close$138.06
Today's Range$126.75 - $137.45
52-Week Range$126.75 - $198.99
Volume2.66 million shs
Average Volume2.13 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) posted its quarterly earnings results on Thursday, November, 1st. The company reported $0.23 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.51) by $0.74. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. The firm's revenue 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 issued an update on 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 brokers have issued 1 year price targets for Spotify's stock. Their forecasts range from $130.00 to $265.00. On average, they expect Spotify's stock price to reach $200.2593 in the next twelve months. This suggests a possible upside of 52.5% 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 headlines about SPOT stock have been trending somewhat positive on Monday, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Spotify earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned media coverage 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 stock's share price in the next few days.

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 served 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. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.

Who are Spotify's major shareholders?

Spotify's stock is owned by many different of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (0.67%), FMR LLC (0.38%), Janus Henderson Group PLC (0.26%), Massachusetts Financial Services Co. MA (0.23%), Bessemer Group Inc. (0.22%) and FIL Ltd (0.21%).

Which major investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Millennium TVP Management Co. LLC, Jennison Associates LLC, Coronation Fund Managers Ltd., Global Thematic Partners LLC, DekaBank Deutsche Girozentrale, First Trust Advisors LP, Exane Derivatives and Daiwa Securities Group Inc..

Which major investors are buying Spotify stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Bessemer Group Inc., Eagle Asset Management Inc., Robeco Institutional Asset Management B.V., American Century Companies Inc., Canada Pension Plan Investment Board, ADAMCAPITAL Gestao de Recursos Ltda. and Janus Henderson Group PLC.

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 $131.31.


MarketBeat Community Rating for Spotify (NASDAQ SPOT)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  105 (Vote Outperform)
Underperform Votes:  64 (Vote Underperform)
Total Votes:  169
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 11/12/2018 by MarketBeat.com Staff

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