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Spotify Stock Price, News & Analysis (NYSE:SPOT)

$115.33
-2.50 (-2.12 %)
(As of 10/18/2019 04:00 PM ET)
Today's Range
$114.26
Now: $115.33
$117.97
50-Day Range
$112.24
MA: $120.30
$133.04
52-Week Range
$103.29
Now: $115.33
$161.38
Volume734,469 shs
Average Volume1.46 million shs
Market Capitalization$20.86 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.86
Spotify Technology SA, 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. Read More…

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$6.21 billion
Book Value$13.89 per share

Profitability

Net Income$-92,110,000.00

Miscellaneous

Employees3,651
Market Cap$20.86 billion
Next Earnings Date10/28/2019 (Confirmed)
OptionableOptionable

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Spotify (NYSE:SPOT) Frequently Asked Questions

What is Spotify's stock symbol?

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

How were Spotify's earnings last quarter?

Spotify (NYSE:SPOT) released its quarterly earnings data on Wednesday, July, 31st. The company reported ($0.47) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.51) by $0.04. The firm earned $1.87 billion during the quarter, compared to analysts' expectations of $1.83 billion. Spotify had a return on equity of 13.23% and a net margin of 4.48%. View Spotify's Earnings History.

When is Spotify's next earnings date?

Spotify is scheduled to release their next quarterly earnings announcement on Monday, October 28th 2019. View Earnings Estimates for Spotify.

How can I listen to Spotify's earnings call?

Spotify will be holding an earnings conference call on Monday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Spotify issued an update on its third quarter 2019 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.7427-1.9647 billion, compared to the consensus revenue estimate of $1.9 billion.

What price target have analysts set for SPOT?

22 Wall Street analysts have issued 12 month price targets for Spotify's stock. Their predictions range from $115.00 to $200.00. On average, they anticipate Spotify's share price to reach $161.81 in the next twelve months. This suggests a possible upside of 40.3% from the stock's current price. View Analyst Price Targets for Spotify.

What is the consensus analysts' recommendation for Spotify?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 2 sell ratings, 8 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spotify.

What are Wall Street analysts saying about Spotify stock?

Here are some recent quotes from research analysts about Spotify stock:
  • 1. According to Zacks Investment Research, "Spotify Technology S.A. provides music streaming services. The Company offers commercial free music and ad-supported services to subscribers. Spotify Technology S.A. is based in Sweden. " (10/17/2019)
  • 2. Rosenblatt Securities analysts commented, "We remain bullish on SPOT’s long-term global brand leverage potential, both in/outside music, however we acknowledge the stock may be “catalyst-less” near-term, weighed by a heavy gross margin thru perhaps ‘20E. We believe this dynamic argues for a long- awaited price increase in Spotify’s most loyal, Nordic sub base. We present a scenario analysis below (with visuals on page 2) reflecting near-term ARPU and gross margin stability resulting from a € 1 price increase in the region, beginning in 1Q20E. We expect the stock would react favorably to this announcement and subsequently break from a tired 6-month trading range. We reiterate our Buy rating and DCF-based $175 PT. Shares may soon be unstuck with some help from the Nordics." (4/30/2019)
  • 3. Stifel Nicolaus analysts commented, "We maintain our Buy rating and 12-month Target Price of $170 on Spotify shares." (4/26/2019)

Has Spotify been receiving favorable news coverage?

News headlines about SPOT stock have been trending very negative on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Spotify earned a media sentiment score of -3.8 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Spotify.

Are investors shorting Spotify?

Spotify saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 5,990,000 shares, an increase of 7.0% from the August 30th total of 5,600,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is presently 4.5 days. Currently, 5.4% of the company's stock are sold short. 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 Netflix (NFLX), Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Paypal (PYPL), Tesla (TSLA), Square (SQ), Walt Disney (DIS), Boeing (BA) and Adobe (ADBE).

Who are Spotify's key executives?

Spotify's management team includes the folowing 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 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's major shareholders?

Spotify's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.21%), Hillman Co. (0.08%), Stephens Investment Management Group LLC (0.02%), Baltimore Washington Financial Advisors Inc. (0.01%), Exane Derivatives (0.00%) and Hamilton Wealth LLC (0.00%).

Which institutional investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Hillman Co., Hamilton Wealth LLC, Sterling Investment Advisors Ltd., Stephens Inc. AR and Addison Capital Co.

Which institutional investors are buying Spotify stock?

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Stephens Investment Management Group LLC, Exane Derivatives, Baltimore Washington Financial Advisors Inc., Arden Trust Co, Nisa Investment Advisors LLC, Envestnet Asset Management Inc. and Coastal Investment Advisors Inc..

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 $115.33.

How big of a company is Spotify?

Spotify has a market capitalization of $20.86 billion and generates $6.21 billion in revenue each year. The company earns $-92,110,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis. Spotify employs 3,651 workers across the globe.View Additional Information About Spotify.

What is Spotify's official website?

The official website for Spotify is http://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]


MarketBeat Community Rating for Spotify (NYSE SPOT)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  188 (Vote Outperform)
Underperform Votes:  150 (Vote Underperform)
Total Votes:  338
MarketBeat's community ratings are surveys of what our community members think about Spotify and other stocks. Vote "Outperform" if you believe SPOT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SPOT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/19/2019 by MarketBeat.com Staff

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