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NYSE:SPOT

Spotify Stock Forecast, Price & News

$234.31
-0.54 (-0.23 %)
(As of 09/17/2020 12:00 AM ET)
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Today's Range
$228.01
Now: $234.31
$238.99
50-Day Range
$234.85
MA: $257.64
$291.75
52-Week Range
$109.18
Now: $234.31
$299.67
Volume1.91 million shs
Average Volume2.08 million shs
Market Capitalization$42.00 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.57
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.58 billion
Book Value$12.73 per share

Profitability

Net Income$-208,320,000.00

Miscellaneous

Employees4,405
Market Cap$42.00 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$234.31
-0.54 (-0.23 %)
(As of 09/17/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Spotify (NYSE:SPOT) Frequently Asked Questions

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

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 stock has increased by 73.5% and is now trading at $234.31.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Spotify?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 6 sell ratings, 9 hold ratings and 13 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 Monday, October 26th 2020.
View our earnings forecast for Spotify
.

How were Spotify's earnings last quarter?

Spotify (NYSE:SPOT) announced its quarterly earnings data on Wednesday, July, 29th. The company reported ($1.91) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by $1.42. The business earned $1.89 billion during the quarter, compared to analysts' expectations of $1.93 billion. Spotify had a negative net margin of 4.28% and a negative return on equity of 15.49%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.42) EPS.
View Spotify's earnings history
.

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

Spotify issued an update on its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.04-2.258 billion, compared to the consensus revenue estimate of $2.37 billion.

What price target have analysts set for SPOT?

28 brokerages have issued 1 year price targets for Spotify's stock. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify's share price to reach $230.12 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts' price targets for Spotify
.

Are investors shorting Spotify?

Spotify saw a decline in short interest in June. As of June 30th, there was short interest totaling 4,020,000 shares, a decline of 15.4% from the June 15th total of 4,750,000 shares. Based on an average daily volume of 2,680,000 shares, the short-interest ratio is presently 1.5 days. Approximately 3.3% of the shares of the stock are short sold.
View Spotify's Short Interest
.

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), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Paypal (PYPL), salesforce.com (CRM), Square (SQ), Shopify (SHOP) and Boeing (BA).

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 IPO on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None acted 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 many different institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (1.66%), FMR LLC (0.76%), Nuveen Asset Management LLC (0.38%), Gilder Gagnon Howe & Co. LLC (0.33%), Mitsubishi UFJ Trust & Banking Corp (0.25%) and Neuberger Berman Group LLC (0.23%).

Which institutional investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Eminence Capital LP, Cadian Capital Management LP, Epoch Investment Partners Inc., Neuberger Berman Group LLC, Ninety One UK Ltd, Ardevora Asset Management LLP, FIL Ltd, and Russell Investments Group Ltd..

Which institutional investors are buying Spotify stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Softbank Group Corp, FMR LLC, Marsico Capital Management LLC, Driehaus Capital Management LLC, black and white Capital LP, Peregrine Capital Management LLC, and Scout Investments 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 $234.31.

How big of a company is Spotify?

Spotify has a market capitalization of $42.00 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 9/18/2020 by MarketBeat.com Staff

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