Most-Upgraded StocksMost-UpgradedNYSE:SPOT Spotify Technology (SPOT) Stock Price, News & Analysis $321.87 -7.08 (-2.15%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$320.21▼$331.2950-Day Range$290.15▼$336.6352-Week Range$129.23▼$346.23Volume1.99 million shsAverage Volume2.00 million shsMarket Capitalization$64.07 billionP/E RatioN/ADividend YieldN/APrice Target$353.15 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Spotify Technology alerts: Email Address Spotify Technology MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside9.7% Upside$353.15 Price TargetShort InterestHealthy1.33% of Float Sold ShortDividend StrengthN/ASustainability-0.66Upright™ Environmental ScoreNews Sentiment0.62Based on 76 Articles This WeekInsider TradingN/AProj. Earnings Growth45.60%From $5.00 to $7.28 Per ShareSee Full Details Hide Full Details 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.4.75 out of 5 starsBusiness Services Sector16th out of 317 stocksRadio Broadcasting Stations Industry1st out of 9 stocks 2.4 Analyst's Opinion Consensus RatingSpotify 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 CoverageSpotify Technology has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Spotify Technology's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.33% of the float of Spotify Technology has been sold short.Short Interest Ratio / Days to CoverSpotify Technology has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spotify Technology has recently decreased by 35.86%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpotify Technology does not currently pay a dividend.Dividend GrowthSpotify Technology does not have a long track record of dividend growth. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSpotify Technology has received a 68.86% net impact score from Upright. See details.Environmental SustainabilityThe Environmental Impact score for Spotify Technology is -0.66. Previous Next 3.1 News and Social Media Coverage News SentimentSpotify Technology has a news sentiment score of 0.62. 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 news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 76 news articles for Spotify Technology this week, compared to 29 articles on an average week.Search Interest62 people have searched for SPOT on MarketBeat in the last 30 days. This is an increase of 88% compared to the previous 30 days.MarketBeat Follows27 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 93% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spotify Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.40% of the stock of Spotify Technology is held by insiders.Percentage Held by Institutions84.09% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Spotify Technology's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Spotify Technology are expected to grow by 45.60% in the coming year, from $5.00 to $7.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify Technology is -480.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Spotify Technology is -480.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioSpotify Technology has a PEG Ratio of 0.88. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioSpotify Technology has a P/B Ratio of 13.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Spotify Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. 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.Read More SPOT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SPOT Stock News HeadlinesJuly 24 at 7:19 AM | marketbeat.comStreaming Stock Soars on Record Financials: Rally Just Starting? (SPOT)Shares of Spotify are rallying by over 14% as a reaction to the company's second quarter 2024 earnings release, which show financial strength overallJuly 26 at 9:19 PM | markets.businessinsider.comSpotify’s Strong Financials and Strategic Market Positioning Merit Buy RatingJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 26 at 9:19 PM | msn.comShould You Load Up on Spotify Stock?July 26 at 4:06 PM | pymnts.comSpotify Shifts From One-Size-Fits-All to Tailored PlansJuly 26 at 3:14 PM | americanbankingnews.comSpotify Technology (NYSE:SPOT) Issues Earnings Results, Beats Estimates By $0.25 EPSJuly 26 at 11:25 AM | americanbankingnews.comSpotify Technology (NYSE:SPOT) PT Raised to $360.00July 26 at 8:14 AM | americanbankingnews.comSpotify Technology S.A. (NYSE:SPOT) Short Interest Down 35.9% in JulyJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 26 at 7:37 AM | americanbankingnews.comMorgan Stanley Raises Spotify Technology (NYSE:SPOT) Price Target to $400.00July 26 at 4:49 AM | fool.com1 No-Brainer Stock to Buy With $350 and Hold for 10 YearsJuly 26 at 4:38 AM | americanbankingnews.comSpotify Technology (NYSE:SPOT) PT Raised to $420.00July 26 at 3:13 AM | msn.comWhat's Next For Spotify? More Price Hikes Could Be Coming After Strong Q2 PerformanceJuly 25 at 2:46 PM | americanbankingnews.comSpotify Technology (NYSE:SPOT) Given New $425.00 Price Target at JPMorgan Chase & Co.July 25 at 2:46 PM | americanbankingnews.comTD Cowen Increases Spotify Technology (NYSE:SPOT) Price Target to $356.00July 25 at 11:30 AM | msn.comGoldman Sachs elevates Spotify price target to $425 after strong Q2 earnings: Should you invest?July 25 at 11:30 AM | markets.businessinsider.comSpotify Smashes Gross Margin Guidance, Analysts Expect 'Continued Momentum'July 25 at 9:51 AM | fool.comIs Spotify Stock Going to $425? 1 Wall Street Analyst Thinks So.See More Headlines Receive SPOT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/23/2024Today7/26/2024Next Earnings (Estimated)10/22/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBusiness Services Industry Radio broadcasting stations Sub-IndustryCommunication Current SymbolNYSE:SPOT CUSIPN/A CIK1639920 Webwww.spotify.com Phone46-7-022-046-07FaxN/AEmployees9,123Year Founded2006Price Target and Rating Average Stock Price Target$353.15 High Stock Price Target$460.00 Low Stock Price Target$190.00 Potential Upside/Downside+8.2%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage28 Analysts Profitability EPS (Most Recent Fiscal Year)($0.67) Trailing P/E RatioN/A Forward P/E Ratio65.28 P/E Growth0.88Net Income$-575,780,000.00 Net Margins3.22% Pretax Margin2.66% Return on Equity15.23% Return on Assets5.30% Debt Debt-to-Equity RatioN/A Current Ratio1.56 Quick Ratio1.42 Sales & Book Value Annual Sales$14.34 billion Price / Sales4.53 Cash FlowN/A Price / Cash FlowN/A Book Value$23.04 per share Price / Book14.17Miscellaneous Outstanding Shares199,050,000Free Float189,439,000Market Cap$64.97 billion OptionableOptionable Beta1.59 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Daniel G. Ek (Age 41)Founder, CEO & Chairman Comp: $1.43MMr. Alex Norström (Age 46)Chief Business Officer & Co-President Comp: $407.75kMr. Gustav Söderström (Age 46)Co-President, Chief Product & Technology Officer Comp: $378.04kMr. Sven Martin Lorentzon (Age 55)Co-Founder & Director Mr. Paul Aaron Vogel (Age 51)Chief Financial Officer Comp: $616.33kMs. Dustee Tucker Jenkins (Age 45)Chief Public Affairs Officer Comp: $2.61MMr. Paul SawyerController & Chief Accounting OfficerMr. Bryan Daniel GoldbergHead of Investor RelationsMs. Eve Konstan (Age 55)General Counsel Ms. Katarina Berg (Age 56)Chief Human Resources Officer More ExecutivesKey CompetitorsOrangeNYSE:ORANChunghwa TelecomNYSE:CHTTELUSNYSE:TUFormula One GroupNASDAQ:FWONKFOXNASDAQ:FOXAView All CompetitorsInstitutional OwnershipEFG Asset Management North America Corp.Sold 3,480 shares on 7/26/2024Ownership: 0.007%Cambridge Investment Research Advisors Inc.Sold 1,267 shares on 7/26/2024Ownership: 0.004%Legato Capital Management LLCSold 2,375 shares on 7/26/2024Ownership: 0.003%Rational Advisors LLCBought 5,200 shares on 7/26/2024Ownership: 0.003%Atomi Financial Group Inc.Bought 158 shares on 7/26/2024Ownership: 0.001%View All Institutional Transactions Should I Buy Spotify Technology Stock? SPOT Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Spotify Technology S.A.: Spotify Technology S.A. has consistently beaten analysts' earnings per share estimates, indicating strong financial performance. Positive revenue growth compared to analyst estimates demonstrates the company's ability to generate substantial income. Multiple research firms have issued "buy" ratings for Spotify Technology, suggesting confidence in the company's future growth potential. Recent price target upgrades by analysts indicate a positive outlook on the stock's performance. Spotify Technology's innovative audio streaming subscription services have a global reach, providing a diversified revenue stream. Cons Investors should be bearish about investing in Spotify Technology S.A. for these reasons: Spotify Technology S.A. has reported a negative net margin and return on equity, indicating potential financial instability. Despite positive analyst ratings, one analyst has issued a "sell" rating on the stock, suggesting some concerns in the market. The company's stock price may be subject to volatility due to the competitive nature of the audio streaming industry. Fluctuations in user growth and retention rates could impact the company's long-term sustainability and profitability. Regulatory changes in the audio streaming sector could pose challenges to Spotify Technology's business operations and revenue streams. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, July 22, 2024. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com. 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 the year. Since then, SPOT shares have increased by 71.3% and is now trading at $321.87. View the best growth stocks for 2024 here. How were Spotify Technology's earnings last quarter? Spotify Technology S.A. (NYSE:SPOT) announced its earnings results on Tuesday, July, 23rd. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.25. Spotify Technology's quarterly revenue was up 19.8% on a year-over-year basis. 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. Does Spotify Technology have any subsidiaries? Spotify Technology subsidiaries include these companies: Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and more. 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 $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. (8.09%), Austin Private Wealth LLC, AMF Tjanstepension AB (0.79%) and Swedbank AB (0.45%). 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), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Block (SQ), Advanced Micro Devices (AMD) and PayPal (PYPL). This page (NYSE:SPOT) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredWe recommended Nvidia in 2016, now we’re recommending this…The AI boom is just getting started. And the real wealth has still to be made…Porter & Company | SponsoredNEW AI developed by trader who won 1,129% (in 2 days)Earlier this year one legendary trader captured a 1,129% win (in just 2 days) ... LIVE in front of thousands o...Monument Traders Alliance | SponsoredBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street vete...InvestorPlace | SponsoredTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock (June 12) This $2 trillion D.C. shock i...Timothy Sykes | SponsoredGrab a pen and write down this ticker - here's whyA megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made...StocksToTrade | SponsoredBrace Yourself: Experts calling for Bitcoin to hit $100kFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range...Crypto 101 Media | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Spotify Technology S.A. Please log in to your account or sign up in order to add this asset to your watchlist. Share Spotify Technology With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
