Spotify Technology Stock Forecast, Price & News

-0.85 (-0.35 %)
(As of 09/16/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume846,061 shs
Average Volume1.55 million shs
Market Capitalization$43.38 billion
P/E RatioN/A
Dividend YieldN/A
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About Spotify Technology

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

2.03 out of 5 stars

Business Services Sector

152nd out of 391 stocks

Radio Broadcasting Stations Industry

4th out of 15 stocks

Analyst Opinion: 3.2Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Spotify Technology (NYSE:SPOT) Frequently Asked Questions

Is Spotify Technology a buy right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Spotify Technology stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPOT, but not buy additional shares or sell existing shares.
View analyst ratings for Spotify Technology
or view top-rated stocks.

What stocks does MarketBeat like better than Spotify Technology?

Wall Street analysts have given Spotify Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Spotify Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Spotify Technology's next earnings date?

Spotify Technology is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Spotify Technology

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings results on Wednesday, July, 28th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.52) by $0.33. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.75 billion. Spotify Technology had a negative net margin of 2.56% and a negative trailing twelve-month return on equity of 7.95%.
View Spotify Technology's earnings history

How has Spotify Technology's stock been impacted by COVID-19?

Spotify Technology's stock was trading at $135.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SPOT shares have increased by 79.2% and is now trading at $242.02.
View which stocks have been most impacted by COVID-19

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

Spotify Technology updated its fourth quarter 2021 earnings guidance on Wednesday, August, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.99 billion-$3.23 billion.

What price target have analysts set for SPOT?

24 equities research analysts have issued twelve-month price targets for Spotify Technology's stock. Their forecasts range from $170.00 to $425.00. On average, they expect Spotify Technology's stock price to reach $301.68 in the next year. This suggests a possible upside of 24.7% from the stock's current price.
View analysts' price targets for Spotify Technology
or view top-rated stocks among Wall Street analysts.

Who are Spotify Technology's key executives?

Spotify Technology's management team includes the following people:
  • Daniel Ek, Chairman & Chief Executive Officer
  • Paul Aaron Vogel, Chief Financial Officer
  • Stig Gustav Victor Söderström, Chief Research & Development Officer
  • Dawn Ostroff, Chief Content & Advertising Business Officer
  • Alex Norstrom, Chief Premium Business Officer

What is Daniel Ek's approval rating as Spotify Technology's CEO?

343 employees have rated Spotify Technology CEO Daniel Ek on Glassdoor.com. Daniel Ek has an approval rating of 93% among Spotify Technology's employees. This puts Daniel Ek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Spotify Technology's key competitors?

What other stocks do shareholders of Spotify Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify Technology investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Square (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), salesforce.com (CRM), Shopify (SHOP) and The Walt Disney (DIS).

When did Spotify Technology 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.

What is Spotify Technology's stock symbol?

Spotify Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPOT."

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (11.54%), Morgan Stanley (10.75%), Price T Rowe Associates Inc. MD (6.43%), ARK Investment Management LLC (2.67%), Jennison Associates LLC (2.43%) and BlackRock Inc. (2.05%).

Which institutional investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Price T Rowe Associates Inc. MD, FMR LLC, Franklin Resources Inc., Baillie Gifford & Co., Parallax Volatility Advisers L.P., Susquehanna International Group LLP, and First Trust Advisors LP.

Which institutional investors are buying Spotify Technology stock?

SPOT stock was acquired by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Morgan Stanley, Flossbach Von Storch AG, Nikko Asset Management Americas Inc., Twin Tree Management LP, BlackRock Inc., Millennium Management LLC, and Alecta Pensionsforsakring Omsesidigt.

How do I buy shares of Spotify Technology?

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

What is Spotify Technology's stock price today?

One share of SPOT stock can currently be purchased for approximately $242.02.

How much money does Spotify Technology make?

Spotify Technology has a market capitalization of $43.38 billion and generates $9.00 billion in revenue each year. The company earns $-663,680,000.00 in net income (profit) each year or ($3.54) on an earnings per share basis.

How many employees does Spotify Technology have?

Spotify Technology employs 5,584 workers across the globe.

What is Spotify Technology's official website?

The official website for Spotify Technology is www.spotify.com.

Where are Spotify Technology's headquarters?

Spotify Technology is headquartered at 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610.

How can I contact Spotify Technology?

Spotify Technology's mailing address is 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610. The company can be reached via email at [email protected]

This page was last updated on 9/16/2021 by MarketBeat.com Staff
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