NYSE:SPOT - Spotify Stock Price, Forecast & News

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

Spotify (NYSE:SPOT) announced its quarterly earnings results on Monday, October, 28th. The company reported $0.36 EPS for the quarter, beating the Zacks' consensus estimate of ($0.40) by $0.76. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Spotify had a net margin of 7.32% and a return on equity of 22.12%. Spotify's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the business 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 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 Wall Street analysts have issued 12 month price targets for Spotify's shares. Their forecasts range from $115.00 to $195.00. On average, they expect Spotify's stock price to reach $157.22 in the next twelve months. This suggests a possible upside of 5.5% 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 Friday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Spotify earned a daily sentiment score of -1.9 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Spotify.

Spotify saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,510,000 shares, a decrease of 7.7% from the December 15th total of 5,970,000 shares. Based on an average trading volume of 1,410,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 4.8% of the company's stock are short sold. 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), Beasley Broadcast Group (BBGI), Urban One (UONE), 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 Netflix (NFLX), Alibaba Group (BABA), NVIDIA (NVDA), Tesla (TSLA), Micron Technology (MU), Paypal (PYPL), Boeing (BA), Walt Disney (DIS), Square (SQ) and Verizon Communications (VZ).

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

Spotify's stock is owned by many different of retail and institutional investors. Top institutional investors include Alecta Pensionsforsakring Omsesidigt (1.17%), Coronation Fund Managers Ltd. (0.12%), Global Thematic Partners LLC (0.07%), Hillman Co. (0.07%), United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund (0.01%) and Sciencast Management LP (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Hillman Co., Global Thematic Partners LLC, Quattro Financial Advisors LLC, Landsberg Bennett & Dubbaneh LLC, Hamilton Wealth LLC, Lake Street Financial LLC, Janney Montgomery Scott LLC and Addison Capital Co.

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund, Sciencast Management LP, Brown University, Modus Advisors LLC, Nisa Investment Advisors LLC, Coronation Fund Managers Ltd. and We Are One Seven LLC.

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 $148.97.

Spotify has a market capitalization of $26.70 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]