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Spotify Technology (SPOT) Stock Price, News & Analysis

$308.16
+7.65 (+2.55%)
(As of 05/24/2024 08:50 PM ET)
Today's Range
$298.00
$309.64
50-Day Range
$252.74
$310.31
52-Week Range
$129.23
$319.30
Volume
1.17 million shs
Average Volume
2.03 million shs
Market Capitalization
$58.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$306.42

Spotify Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
0.6% Downside
$306.42 Price Target
Short Interest
Healthy
1.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.19mentions of Spotify Technology in the last 14 days
Based on 33 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
41.42%
From $4.78 to $6.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.90 out of 5 stars

Business Services Sector

85th out of 311 stocks

Radio Broadcasting Stations Industry

3rd out of 7 stocks

SPOT stock logo

About Spotify Technology Stock (NYSE:SPOT)

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.

SPOT Stock Price History

SPOT Stock News Headlines

Stocks With Subscription Based Revenue Offer Inflation Protection
Investors should be amazed at where consumer priorities lie regarding monthly payments. Besides ensuring the mortgage and car are paid, consumers will likely emphasize subscriptions.
Stocks With Subscription Based Revenue Offer Inflation Protection (SPOT)
Three revenue based stocks could be set to help investors keep up - and beat - inflation today. Analysts and markets are willing to pay up for their growth
Spotify Discontinue Car Thing
Spotify: Unconvincing Business Model
See More Headlines
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Company Calendar

Last Earnings
4/23/2024
Today
5/27/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
9,123
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$306.42
High Stock Price Target
$400.00
Low Stock Price Target
$129.00
Potential Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$-575,780,000.00
Pretax Margin
-0.91%

Debt

Sales & Book Value

Annual Sales
$14.34 billion
Book Value
$18.89 per share

Miscellaneous

Free Float
189,439,000
Market Cap
$58.61 billion
Optionable
Optionable
Beta
1.61

Social Links

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Key Executives

  • Mr. Daniel G. Ek (Age 41)
    Founder, CEO & Chairman
    Comp: $1.43M
  • Mr. Alex Norström (Age 46)
    Chief Business Officer & Co-President
    Comp: $407.75k
  • Mr. Gustav Söderström (Age 46)
    Co-President, Chief Product & Technology Officer
    Comp: $378.04k
  • Mr. Sven Martin Lorentzon (Age 55)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 51)
    Chief Financial Officer
    Comp: $616.33k
  • Ms. Dustee Tucker Jenkins (Age 45)
    Chief Public Affairs Officer
    Comp: $2.61M
  • Mr. Paul Sawyer
    Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg
    Head of Investor Relations
  • Ms. Eve Konstan (Age 55)
    General Counsel
  • Ms. Katarina Berg (Age 56)
    Chief Human Resources Officer

SPOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 8 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SPOT shares.
View SPOT analyst ratings
or view top-rated stocks.

What is Spotify Technology's stock price target for 2024?

27 analysts have issued 12-month price objectives for Spotify Technology's stock. Their SPOT share price targets range from $129.00 to $400.00. On average, they predict the company's stock price to reach $306.42 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
View analysts price targets for SPOT
or view top-rated stocks among Wall Street analysts.

How have SPOT shares performed in 2024?

Spotify Technology's stock was trading at $187.91 at the beginning of 2024. Since then, SPOT shares have increased by 64.0% and is now trading at $308.16.
View the best growth stocks for 2024 here
.

Are investors shorting Spotify Technology?

Spotify Technology saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,180,000 shares, an increase of 32.9% from the March 31st total of 1,640,000 shares. Based on an average daily volume of 2,260,000 shares, the short-interest ratio is currently 1.0 days. Currently, 1.6% of the shares of the company are sold short.
View Spotify Technology's Short Interest
.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our SPOT earnings forecast
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its earnings results on Tuesday, April, 23rd. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.42. The firm earned $3.95 billion during the quarter, compared to analysts' expectations of $3.87 billion. Spotify Technology had a negative net margin of 0.80% and a negative trailing twelve-month return on equity of 4.39%. During the same quarter last year, the company earned ($1.24) EPS.

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

Spotify Technology issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.1 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion.

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

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

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), Block (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), Salesforce (CRM), Shopify (SHOP) and Walt Disney (DIS).

When did Spotify Technology IPO?

Spotify Technology (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.

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by a variety of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (11.28%), Price T Rowe Associates Inc. MD (3.07%), GQG Partners LLC (1.22%), Technology Crossover Management VIII Ltd. (1.06%), Acadian Asset Management LLC (0.95%) and AMF Tjanstepension AB (0.86%).

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.

Does Spotify Technology have any subsidiaries?
The following companies are subsidiares of Spotify Technology: Anchor FM, Betty Labs Incorporated, Bill Simmons Media Group LLC, Chartable, Cord Project, CrowdAlbum, Cutler Media LLC, Findaway, Gimlet Media, Loudr, Mediachain, Megaphone LLC, MightyTV, Podsights, Podz Inc., Preact, S Servicios de Música México S.A. de C.V., Seed Scientific, Sonalytic, SoundBetter, Soundtrap AB, Soundwave, Spotify AB, Spotify Australia Pty Ltd, Spotify Brasil Serviços De Música LTDA, Spotify Canada Inc., Spotify France SAS, Spotify GmbH, Spotify India LLP, Spotify Italy S.r.l., Spotify Japan K.K, Spotify Ltd, Spotify Singapore Pte Ltd., Spotify Spain S.L., Spotify USA Inc., The Echo Nest, Tunigo, Whooshkaa, and niland.
Read More
This page (NYSE:SPOT) was last updated on 5/27/2024 by MarketBeat.com Staff

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