S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
S&P 500   4,701.21
DOW   35,754.75
QQQ   399.61
NYSE:SPOT

Spotify Technology Stock Forecast, Price & News

$243.17
+4.66 (+1.95%)
(As of 12/8/2021 12:00 AM ET)
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Today's Range
$235.47
$245.37
50-Day Range
$221.91
$300.95
52-Week Range
$201.68
$387.44
Volume
1.13 million shs
Average Volume
1.49 million shs
Market Capitalization
$43.59 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.61
30 days | 90 days | 365 days | Advanced Chart
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Spotify Technology logo

About Spotify Technology

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg.

Headlines

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Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
3,651
Year Founded
N/A

Sales & Book Value

Annual Sales
$9.00 billion
Book Value
$17.88 per share

Profitability

Net Income
$-663.68 million
Pretax Margin
0.80%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$43.59 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/27/2021
Today
12/09/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/02/2022

MarketRank

Overall MarketRank

2.24 out of 5 stars

Business Services Sector

111th out of 430 stocks

Radio Broadcasting Stations Industry

4th out of 15 stocks

Analyst Opinion: 4.2Community Rank: 4.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












Spotify Technology (NYSE:SPOT) Frequently Asked Questions

Is Spotify Technology a buy right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Spotify Technology stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPOT, but not buy additional shares or sell existing shares.
View analyst ratings for Spotify Technology
or view top-rated stocks.

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

Spotify Technology'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 80.0% and is now trading at $243.17.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Spotify Technology?

Spotify Technology saw a decline in short interest in the month of October. As of October 29th, there was short interest totaling 4,440,000 shares, a decline of 14.9% from the October 14th total of 5,220,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.5% of the company's stock are sold short.
View Spotify Technology's Short Interest
.

When is Spotify Technology's next earnings date?

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, February 2nd 2022.
View our earnings forecast for Spotify Technology
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) announced its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.25) by $0.16. The company earned $2.50 billion during the quarter, compared to the consensus estimate of $2.44 billion. Spotify Technology had a negative net margin of 1.31% and a negative trailing twelve-month return on equity of 4.29%. The firm's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.68) EPS.
View Spotify Technology's earnings history
.

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

Spotify Technology issued an update on its fourth quarter 2021 earnings guidance on Wednesday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.06 billion-$3.23 billion, compared to the consensus revenue estimate of $3.04 billion.

What price target have analysts set for SPOT?

25 brokers have issued 1 year price targets for Spotify Technology's stock. Their forecasts range from $170.00 to $425.00. On average, they anticipate Spotify Technology's share price to reach $309.13 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
View analysts' price targets for Spotify Technology
or view top-rated stocks among Wall Street analysts.

Who are Spotify Technology's key executives?

Spotify Technology's management team includes the following people:
  • Daniel Ek, Chairman & Chief Executive Officer
  • Paul Aaron Vogel, Chief Financial Officer
  • Stig Gustav Victor Söderström, Chief Research & Development Officer
  • Dawn Ostroff, Chief Content & Advertising Business Officer
  • Alex Norstrom, Chief Premium Business Officer

What is Daniel Ek's approval rating as Spotify Technology's CEO?

343 employees have rated Spotify Technology CEO Daniel Ek on Glassdoor.com. Daniel Ek has an approval rating of 93% among Spotify Technology's employees. This puts Daniel Ek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Square (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), salesforce.com (CRM), Shopify (SHOP) and Walt Disney (DIS).

When did Spotify Technology 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 Technology's stock symbol?

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

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (12.46%), Morgan Stanley (7.46%), BlackRock Inc. (2.05%), Nikko Asset Management Americas Inc. (1.15%), Wellington Management Group LLP (1.08%) and Jennison Associates LLC (0.00%).

Which institutional investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Jennison Associates LLC, Voya Investment Management LLC, Massachusetts Financial Services Co. MA, Royal Bank of Canada, California State Teachers Retirement System, Citadel Advisors LLC, and Barclays PLC.

Which institutional investors are buying Spotify Technology stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Liontrust Investment Partners LLP, Bamco Inc. NY, Wellington Management Group LLP, IMC Chicago LLC, Two Sigma Advisers LP, Comgest Global Investors S.A.S., and Jane Street Group LLC.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Spotify Technology's stock price today?

One share of SPOT stock can currently be purchased for approximately $243.17.

How much money does Spotify Technology make?

Spotify Technology has a market capitalization of $43.59 billion and generates $9.00 billion in revenue each year. The company earns $-663.68 million in net income (profit) each year or ($1.80) on an earnings per share basis.

How many employees does Spotify Technology have?

Spotify Technology employs 3,651 workers across the globe.

What is Spotify Technology's official website?

The official website for Spotify Technology is www.spotify.com.

Where are Spotify Technology's headquarters?

Spotify Technology is headquartered at 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610.

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].


This page was last updated on 12/9/2021 by MarketBeat.com Staff

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