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NYSE:SPOTSpotify Stock Price, Forecast & News

$185.95
-5.05 (-2.64 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$180.13
Now: $185.95
$190.00
50-Day Range
$122.52
MA: $150.54
$192.74
52-Week Range
$109.18
Now: $185.95
$196.75
Volume2.33 million shs
Average Volume1.63 million shs
Market Capitalization$33.33 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.53
Spotify Technology S.A., together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog. The Ad-Supported segment provides ad-supported users with limited on-demand online access to its catalog. As of December 31, 2018, the company's platform included 207 million monthly active users and 96 million premium subscribers in approximately 78 countries and territories. Spotify Technology S.A. was founded in 2006 and is based in Luxembourg City, Luxembourg.
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Spotify logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.32 out of 5 stars


Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
CIKN/A
Phone46-7-022-046-07

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.58 billion
Book Value$12.39 per share

Profitability

Net Income$-208,320,000.00

Miscellaneous

Employees4,405
Market Cap$33.33 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Spotify (NYSE:SPOT) Frequently Asked Questions

How has Spotify's stock been impacted by COVID-19 (Coronavirus)?

Spotify'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 37.7% and is now trading at $185.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Spotify?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 3 sell ratings, 8 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Spotify.

When is Spotify's next earnings date?

Spotify is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Spotify.

How were Spotify's earnings last quarter?

Spotify (NYSE:SPOT) posted its quarterly earnings data on Wednesday, April, 29th. The company reported ($0.20) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.48) by $0.28. The firm earned $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. Spotify had a negative return on equity of 1.90% and a negative net margin of 0.53%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm posted ($0.79) EPS. View Spotify's earnings history.

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

Spotify issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, April, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.93-2.151 billion, compared to the consensus revenue estimate of $2.02 billion.

What price target have analysts set for SPOT?

22 analysts have issued 12 month price targets for Spotify's shares. Their forecasts range from $110.00 to $195.00. On average, they anticipate Spotify's share price to reach $161.65 in the next year. This suggests that the stock has a possible downside of 13.1%. View analysts' price targets for Spotify.

Has Spotify been receiving favorable news coverage?

Headlines about SPOT stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by reviewing 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 closest to five being the most favorable. Spotify earned a news impact score of -1.7 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutSpotify.

Are investors shorting Spotify?

Spotify saw a decrease in short interest in May. As of May 15th, there was short interest totaling 3,820,000 shares, a decrease of 6.1% from the April 30th total of 4,070,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 2.4 days. Currently, 3.2% of the company's shares are short sold. View Spotify's Current Options Chain.

Who are some of Spotify's key competitors?

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), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Micron Technology (MU), Paypal (PYPL), Walt Disney (DIS), Square (SQ), Advanced Micro Devices (AMD) and salesforce.com (CRM).

Who are Spotify's key executives?

Spotify's management team includes the following people:
  • Mr. Daniel G. Ek, Co-Founder, CEO & Chairman (Age 36)
  • Mr. Martin Lorentzon Sven, Co-Founder & Director (Age 50)
  • Mr. W. Barry McCarthy Jr., Chief Financial Officer (Age 65)
  • Mr. Alex Norström, Chief Premium Bus. Officer (Age 42)
  • Mr. Gustav Söderström, Chief R&D Officer (Age 42)

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.

What is Spotify's stock symbol?

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

Who are Spotify's major shareholders?

Spotify's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (12.09%), Morgan Stanley (9.16%), Wellington Management Group LLP (2.18%), BlackRock Inc. (1.84%), State Street Corp (0.76%) and Eminence Capital LP (0.60%).

Which major investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Swedbank, Janus Henderson Group PLC, Wellington Management Group LLP, Squarepoint Ops LLC, Franklin Resources Inc., Atom Investors LP, and Coronation Fund Managers Ltd..

Which major investors are buying Spotify stock?

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Nuveen Asset Management LLC, Lord Abbett & CO. LLC, Nomura Holdings Inc., Eminence Capital LP, State Street Corp, 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, Robinhood, Fidelity, and Charles Schwab.

What is Spotify's stock price today?

One share of SPOT stock can currently be purchased for approximately $185.95.

How big of a company is Spotify?

Spotify has a market capitalization of $33.33 billion and generates $7.58 billion in revenue each year. The company earns $-208,320,000.00 in net income (profit) each year or ($1.15) on an earnings per share basis. Spotify employs 4,405 workers across the globe.

What is Spotify's official website?

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

How can I contact Spotify?

Spotify's mailing address is 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610. The company can be reached via phone at 46-7-022-046-07 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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