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

$120.70
-3.69 (-2.97 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$120.63
Now: $120.70
$125.87
50-Day Range
$122.20
MA: $141.05
$157.44
52-Week Range
$103.29
Now: $120.70
$185.92
Volume2.31 million shs
Average Volume1.09 million shs
Market Capitalization$21.83 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.91
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.

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$21.83 billion
Next Earnings DateN/A
OptionableOptionable

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Spotify Technology (NYSE:SPOT) Frequently Asked Questions

What is Spotify Technology's stock symbol?

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

How were Spotify Technology's earnings last quarter?

Spotify Technology SA (NYSE:SPOT) posted its quarterly earnings data on Wednesday, July, 31st. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.51) by $0.04. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.83 billion. Spotify Technology had a return on equity of 13.23% and a net margin of 4.48%. View Spotify Technology's Earnings History.

What price target have analysts set for SPOT?

11 Wall Street analysts have issued 1 year price targets for Spotify Technology's shares. Their predictions range from $150.00 to $185.00. On average, they expect Spotify Technology's stock price to reach $170.25 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price. View Analyst Price Targets for Spotify Technology.

What is the consensus analysts' recommendation for Spotify Technology?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 1 sell rating, 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Spotify Technology.

Has Spotify Technology been receiving favorable news coverage?

News coverage about SPOT stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Spotify Technology earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Spotify Technology.

Are investors shorting Spotify Technology?

Spotify Technology saw a drop in short interest in the month of August. As of August 15th, there was short interest totalling 6,054,800 shares, a drop of 11.5% from the July 15th total of 6,843,100 shares. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is currently 4.0 days. Approximately 5.9% of the shares of the company are sold short. View Spotify Technology's Current Options Chain.

Who are some of Spotify Technology's key competitors?

What other stocks do shareholders of Spotify Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify Technology investors own include Cronos Group (CRON), Boeing (BA), Alibaba Group (BABA), Ciena (CIEN), salesforce.com (CRM), CVS Health (CVS), Walt Disney (DIS), General Electric (GE), IBM (IBM) and Mastercard (MA).

Who are Spotify Technology's key executives?

Spotify Technology'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 Technology 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.

How do I buy shares of Spotify Technology?

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 Technology's stock price today?

One share of SPOT stock can currently be purchased for approximately $120.70.

How big of a company is Spotify Technology?

Spotify Technology has a market capitalization of $21.83 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 Technology employs 3,651 workers across the globe.View Additional Information About Spotify Technology.

What is Spotify Technology's official website?

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

How can I contact Spotify Technology?

Spotify Technology'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 Technology (NYSE SPOT)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  15 (Vote Outperform)
Underperform Votes:  12 (Vote Underperform)
Total Votes:  27
MarketBeat's community ratings are surveys of what our community members think about Spotify Technology 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 9/21/2019 by MarketBeat.com Staff

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