NYSE:SPOT - Spotify Stock Price, Forecast & News

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

Spotify (NYSE:SPOT) released its earnings results on Monday, October, 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.76. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Spotify had a return on equity of 22.12% and a net margin of 7.32%. The firm's revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. View Spotify's Earnings History.

Spotify is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Spotify.

Spotify will be holding an earnings conference call on Wednesday, February 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Spotify issued an update on its fourth quarter 2019 Pre-Market earnings guidance on Monday, October, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$1.931-2.153 billion, compared to the consensus revenue estimate of $$2.08 billion.

19 brokers have issued 1 year price targets for Spotify's shares. Their forecasts range from $115.00 to $195.00. On average, they anticipate Spotify's stock price to reach $157.22 in the next year. This suggests a possible upside of 6.0% from the stock's current price. View Analyst Price Targets for Spotify.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 4 sell ratings, 4 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Spotify.

Press coverage about SPOT stock has trended somewhat negative on Sunday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. 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 coverage optimism score of -1.4 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Spotify.

Spotify saw a drop in short interest in December. As of December 31st, there was short interest totalling 5,510,000 shares, a drop of 7.7% from the December 15th total of 5,970,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is currently 3.9 days. Approximately 4.8% of the company's shares are sold short. View Spotify's Current Options Chain.

Some companies that are related to Spotify include Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Entercom Communications (ETM), Akazoo (SONG), Cumulus Media (CMLS), Townsquare Media (TSQ), Urban One (UONE), Beasley Broadcast Group (BBGI), iHeartMedia (IHRTQ), Urban One (UONEK), Emmis Communications (EMMS), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM) and Spanish Broadcasting System (SBSAA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include Alibaba Group (BABA), Netflix (NFLX), NVIDIA (NVDA), Micron Technology (MU), Tesla (TSLA), Paypal (PYPL), Boeing (BA), Walt Disney (DIS), Square (SQ) and Twitter (TWTR).

(SPOT) raised $0 in an IPO on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None served as the underwriter for the IPO.

Spotify's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Sciencast Management LP (0.00%), Nisa Investment Advisors LLC (0.00%), Hamilton Wealth LLC (0.00%), Arden Trust Co (0.00%), Modus Advisors LLC (0.00%) and Addison Capital Co (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Hamilton Wealth LLC, Lake Street Financial LLC, Addison Capital Co, Raymond James Trust N.A. and IBM Retirement Fund.

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, Modus Advisors LLC, Nisa Investment Advisors LLC, We Are One Seven LLC, Kistler Tiffany Companies LLC and Arden Trust Co.

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.

One share of SPOT stock can currently be purchased for approximately $148.34.

Spotify has a market capitalization of $26.59 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.

The official website for Spotify is http://www.spotify.com/.

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]