Spotify Technology (SPOT) Stock Price, News & Analysis

Company Overview

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.

Key Stats

• Today's Range: $397.33 to $405.93
• 50-Day Range: $322.75 to $400.68
• 52-Week Range: $167.64 to $405.93
• Volume: 2.04 million shs
• Average Volume: 1.41 million shs
• Market Capitalization: $79.76 billion
• P/E Ratio: 163.54
• Dividend Yield: N/A
• Price Target: $379.79
• Consensus Rating: Moderate Buy

Spotify Technology Stock Analysis - MarketRank™

Spotify Technology scored higher than 93% of companies evaluated by MarketBeat, and ranked 29th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Spotify Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 22 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Spotify Technology has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 41.82%

Earnings Growth

Earnings for Spotify Technology are expected to grow by 41.82% in the coming year, from $6.17 to $8.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Spotify Technology is 163.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 115.19.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spotify Technology is 163.54, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 27.31.

Price to Book Value per Share Ratio

Spotify Technology has a P/B Ratio of 28.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.95% of the float of Spotify Technology has been sold short.

Short Interest Ratio / Days to Cover

Spotify Technology has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Spotify Technology has recently decreased by 5.23%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Spotify Technology does not currently pay a dividend.

Dividend Growth

Spotify Technology does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.5 / 5
• Environmental Score: -0.66

Percentage of Shares Shorted

2.95% of the float of Spotify Technology has been sold short.

Short Interest Ratio / Days to Cover

Spotify Technology has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Spotify Technology has recently decreased by 5.23%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.82

News Sentiment

Spotify Technology has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.48 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for Spotify Technology this week, compared to 28 articles on an average week.

Search Interest

44 people have searched for SPOT on MarketBeat in the last 30 days. This is an increase of 57% compared to the previous 30 days.

MarketBeat Follows

24 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Spotify Technology insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.40% of the stock of Spotify Technology is held by insiders.

Percentage Held by Institutions

84.09% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SPOT Stock Analysis - Frequently Asked Questions

How have SPOT shares performed this year?

Spotify Technology's stock was trading at $187.91 at the beginning of 2024. Since then, SPOT shares have increased by 113.2% and is now trading at $400.68.
View the best growth stocks for 2024 here.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings data on Tuesday, July, 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.25. Spotify Technology's revenue for the quarter was up 19.8% compared to the same quarter last year.

Does Spotify Technology have any subsidiaries?

Spotify Technology subsidiaries include Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and others.

When did Spotify Technology IPO?

Spotify Technology (SPOT) raised $0 in an initial public offering 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 Technology's major shareholders?

Spotify Technology's top institutional investors include Baillie Gifford & Co. (7.82%), WCM Investment Management LLC (1.95%), Alecta Tjanstepension Omsesidigt (0.63%) and Swedbank AB (0.39%).

How do I buy shares of Spotify Technology?

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

What other stocks do shareholders of Spotify Technology own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Spotify Technology investors own include NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE) and Netflix (NFLX).

Company Calendar

• Last Earnings: 7/23/2024
• Today: 11/10/2024
• Next Earnings (Confirmed): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Radio broadcasting stations
• Sub-Industry: Communication
• Current Symbol: NYSE:SPOT
• CUSIP: N/A
• CIK: 1639920
• Web: www.spotify.com
• Phone: 46-7-022-046-07
• Fax: N/A
• Employees: 9,123
• Year Founded: 2006

Price Target and Rating

• Average Stock Price Target: $379.79
• High Stock Price Target: $510.00
• Low Stock Price Target: $225.00
• Potential Upside/Downside: -5.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 28 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.45
• Trailing P/E Ratio: 163.54
• Forward P/E Ratio: 64.73
• P/E Growth: N/A
• Net Income: $-575,780,000.00
• Net Margins: 3.22%
• Pretax Margin: 2.66%
• Return on Equity: 15.23%
• Return on Assets: 5.30%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 1.56
• Quick Ratio: 1.56

Sales & Book Value

• Annual Sales: $14.47 billion
• Price / Sales: 5.51
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.85 per share
• Price / Book: 28.93

Miscellaneous

• Outstanding Shares: 199,054,000
• Free Float: 198,258,000
• Market Cap: $79.76 billion
• Optionable: Optionable
• Beta: 1.56