Most-Upgraded StocksMost-UpgradedNYSE:SPOT Spotify Technology (SPOT) Stock Price, News & Analysis $326.70 +2.63 (+0.81%) (As of 09:52 AM ET) Add Compare Share Share Today's Range$324.16▼$328.1550-Day Range$290.15▼$346.2952-Week Range$145.76▼$359.38Volume67,256 shsAverage Volume1.93 million shsMarket Capitalization$65.03 billionP/E RatioN/ADividend YieldN/APrice Target$356.38 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 Buy2.73 Rating ScoreUpside/Downside10.1% Upside$356.38 Price TargetShort InterestHealthy1.66% of Float Sold ShortDividend StrengthN/ASustainability-0.66Upright™ Environmental ScoreNews Sentiment0.68Based on 26 Articles This WeekInsider TradingN/AProj. Earnings Growth39.14%From $6.31 to $8.78 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.4.40 out of 5 starsBusiness Services Sector39th out of 302 stocksRadio Broadcasting Stations Industry3rd out of 9 stocks 3.4 Analyst's Opinion Consensus RatingSpotify Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 23 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageSpotify Technology has been the subject of 19 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 3.0 Short Interest Percentage of Shares Shorted1.66% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spotify Technology has recently increased by 8.84%, indicating that investor sentiment is decreasing 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 2.0 News and Social Media Coverage News SentimentSpotify Technology has a news sentiment score of 0.68. 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 is a higher news sentiment than the 0.49 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 26 news articles for Spotify Technology this week, compared to 29 articles on an average week.Search InterestOnly 20 people have searched for SPOT on MarketBeat in the last 30 days. This is a decrease of -62% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% 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 1.9 Earnings and Valuation Earnings GrowthEarnings for Spotify Technology are expected to grow by 39.14% in the coming year, from $6.31 to $8.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify Technology is -483.32, 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 -483.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSpotify Technology has a P/B Ratio of 23.38. 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 Banyan Hill PublishingExposed: The Plot to Destroy AmericaIs Your Family Prepared for Kamala’s America? The coup has already begun. Kamala Harris is just one step away from the presidency, and her plan will devastate every state in America. Find out how to shield your wealth and thrive in the coming chaos.Get the inside scoop and learn how to protect your savings. 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 HeadlinesSeptember 10 at 8:15 AM | marketbeat.comVF Corp's Comeback Story: Supreme Sale and Cost Cuts Boost Stock (SPOT)Global apparel and footwear company V.F. Corp. (NYSE: VFC) has been working on its turnaround spearheaded by its current CEO, Bracken Darrell.September 10 at 9:53 AM | fool.comPrediction: These 2 Phenomenal Stocks Are Set to SoarSeptember 10, 2024 | Banyan Hill Publishing (Ad)Exposed: The Plot to Destroy AmericaIs Your Family Prepared for Kamala’s America? The coup has already begun. Kamala Harris is just one step away from the presidency, and her plan will devastate every state in America. Find out how to shield your wealth and thrive in the coming chaos.September 10 at 1:23 AM | americanbankingnews.comSpotify Technology S.A. (NYSE:SPOT) to Post FY2024 Earnings of $5.82 Per Share, Cantor Fitzgerald ForecastsSeptember 9 at 6:36 PM | msn.comWhat Makes Spotify (SPOT) a Good Investment?September 9 at 5:53 AM | finance.yahoo.comZacks Investment Ideas feature highlights: Taiwan, Nvidia, Spotify and AppLovinSeptember 7 at 6:55 AM | americanbankingnews.comSpotify Technology (NYSE:SPOT) Now Covered by Cantor FitzgeraldSeptember 6, 2024 | msn.comSpotify’s Evolving Playlist Daylist Reaches Global AudienceSeptember 10, 2024 | Banyan Hill Publishing (Ad)Exposed: The Plot to Destroy AmericaIs Your Family Prepared for Kamala’s America? The coup has already begun. Kamala Harris is just one step away from the presidency, and her plan will devastate every state in America. Find out how to shield your wealth and thrive in the coming chaos.September 6, 2024 | benzinga.comSpotlight on Spotify Technology: Analyzing the Surge in Options ActivitySeptember 6, 2024 | msn.comCantor Fitzgerald Initiates Coverage of Spotify Technology (SPOT) with Neutral RecommendationSeptember 5, 2024 | nasdaq.comCantor Fitzgerald Initiates Coverage of Spotify Technology (LSE:0SPT) with Neutral RecommendationSeptember 4, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Apple (AAPL) and Gitlab (GTLB)September 4, 2024 | finance.yahoo.comSpotify Technology and Lamb Weston have been highlighted as Zacks Bull and Bear of the DaySeptember 4, 2024 | msn.comWill Spotify Technology S.A. (SPOT) be Able to Improve its Value Proposition?September 3, 2024 | markets.businessinsider.comMorgan Stanley Remains a Buy on Spotify Technology SA (SPOT)September 2, 2024 | fool.comUp 82% This Year, Should Investors Still Buy This Red-Hot Growth Stock?September 2, 2024 | msn.comSpotify Accuses Apple of Unfair Practices in Volume Control RestrictionsSee 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 Earnings7/23/2024Today9/10/2024Next 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$356.38 High Stock Price Target$460.00 Low Stock Price Target$190.00 Potential Upside/Downside+10.1%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage30 Analysts Profitability EPS (Most Recent Fiscal Year)($0.67) Trailing P/E RatioN/A Forward P/E Ratio51.32 P/E GrowthN/ANet Income$-575,780,000.00 Net Margins3.22% Pretax Margin2.66% Return on Equity15.23% Return on Assets5.30% Debt Debt-to-Equity Ratio0.31 Current Ratio1.56 Quick Ratio1.56 Sales & Book Value Annual Sales$14.34 billion Price / Sales4.50 Cash FlowN/A Price / Cash FlowN/A Book Value$13.85 per share Price / Book23.38Miscellaneous Outstanding Shares199,050,000Free Float189,439,000Market Cap$64.46 billion OptionableOptionable Beta1.57 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. 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 CompetitorsT-Mobile USNASDAQ:TMUSOrangeNYSE:ORANChunghwa TelecomNYSE:CHTVodafone Group PublicNASDAQ:VODTelefónicaNYSE:TEFView All CompetitorsInstitutional OwnershipCim LLCSold 277 shares on 9/6/2024Ownership: 0.003%Sanctuary Advisors LLCBought 7,162 shares on 9/5/2024Ownership: 0.004%Coronation Fund Managers Ltd.Sold 165,175 shares on 9/4/2024Ownership: 0.038%Maven Securities LTDBought 905 shares on 8/29/2024Ownership: 0.000%Cetera Investment AdvisersBought 7,732 shares on 8/22/2024Ownership: 0.011%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 shown consistent revenue growth over recent quarters, indicating a strong business performance. Analysts have given Spotify Technology S.A. a "Moderate Buy" consensus rating with a price target of $353.15, suggesting potential for stock price appreciation. The company has a high return on equity of 15.23%, reflecting efficient use of shareholder funds to generate profits. Spotify Technology S.A. has a market capitalization of $67.10 billion, indicating a sizable and established presence in the market. With a beta of 1.59, Spotify Technology S.A. is slightly more volatile than the market average, potentially offering higher returns for risk-tolerant investors. Cons Investors should be bearish about investing in Spotify Technology S.A. for these reasons: Spotify Technology S.A. currently has a negative price-to-earnings ratio of -500.84, which may indicate overvaluation or market skepticism about future earnings potential. The company's stock price has experienced significant fluctuations, with a one-year low of $129.23 and a high of $359.38, suggesting high volatility. Spotify Technology S.A. has a debt-to-equity ratio of 0.31, which may raise concerns about the company's financial leverage and ability to manage debt obligations. Despite positive earnings per share results, the company's net margin of 3.22% may be considered low compared to industry peers, potentially impacting profitability. While analysts have issued favorable ratings, one analyst has rated the stock as a sell, indicating differing opinions on the company's future performance. 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 Sunday, September 8, 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 2024. Since then, SPOT stock has increased by 72.3% and is now trading at $323.83. View the best growth stocks for 2024 here. How were Spotify Technology's earnings last quarter? Spotify Technology S.A. (NYSE:SPOT) issued its quarterly earnings data on Tuesday, July, 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.25. Spotify Technology's 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? The following companies are subsidiaries of Spotify Technology: Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and others. 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 a price of $0.00 per share. None served as the underwriter for the IPO. Who are Spotify Technology's major shareholders? Top institutional investors of Spotify Technology include Baillie Gifford & Co. (8.09%), Austin Private Wealth LLC, Massachusetts Financial Services Co. MA (1.70%) and Acadian Asset Management LLC (0.82%). 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 9/10/2024 by MarketBeat.com Staff From Our PartnersYour Crypto Future is at StakeWhat if I told you that bananas could make you a millionaire? 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