S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:SPOT

Spotify Technology (SPOT) Stock Forecast, Price & News

$107.27
+1.50 (+1.42%)
(As of 05/20/2022 09:18 PM ET)
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Today's Range
$102.96
$108.40
50-Day Range
$91.94
$158.84
52-Week Range
$89.03
$305.60
Volume
1.86 million shs
Average Volume
2.47 million shs
Market Capitalization
$20.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.8
30 days | 90 days | 365 days | Advanced Chart
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Spotify Technology logo

About Spotify Technology

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.

Headlines

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Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Fax
N/A
Employees
6,617
Year Founded
N/A

Sales & Book Value

Annual Sales
$11.44 billion
Cash Flow
$0.59 per share
Book Value
$12.67 per share

Profitability

Net Income
$-40.22 million
Pretax Margin
3.08%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$20.40 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/27/2022
Today
5/22/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.01 out of 5 stars

Business Services Sector

189th out of 463 stocks

Radio Broadcasting Stations Industry

4th out of 15 stocks

Analyst Opinion: 4.2Community Rank: 4.4Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -













Spotify Technology (NYSE:SPOT) Frequently Asked Questions

Is Spotify Technology a buy right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 2 sell ratings, 10 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research 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.

When is Spotify Technology's next earnings date?

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Spotify Technology
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings results on Wednesday, April, 27th. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.40. The business earned $2.66 billion during the quarter, compared to the consensus estimate of $2.61 billion. Spotify Technology had a trailing twelve-month return on equity of 3.02% and a net margin of 0.68%. The firm's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.30) EPS.
View Spotify Technology's earnings history
.

What price target have analysts set for SPOT?

24 equities research analysts have issued twelve-month price targets for Spotify Technology's stock. Their forecasts range from $101.00 to $300.00. On average, they anticipate Spotify Technology's share price to reach $208.00 in the next twelve months. This suggests a possible upside of 93.9% 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:
  • Mr. Daniel G. Ek, Founder, CEO & Chairman (Age 39, Pay $104.89k)
  • Mr. Sven Martin Lorentzon, Co-Founder & Director (Age 53)
  • Mr. Paul Aaron Vogel, Chief Financial Officer (Age 49, Pay $608.7k)
  • Mr. Alex Norström, Chief Freemium Bus. Officer (Age 45, Pay $438.05k)
  • Mr. Gustav Söderström, Chief R&D Officer (Age 44, Pay $427.03k)
  • Ms. Dawn Ostroff, Chief Content & Advter. Bus. Officer (Age 62, Pay $1.39M)
  • Mr. Paul Sawyer, Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg, Head of Investor Relations
  • Ms. Eve Konstan, Gen. Counsel (Age 53)
  • Ms. Dustee Tucker Jenkins, Global Head of Public Affairs (Age 43)
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 (CRM), Shopify (SHOP) and Walt Disney (DIS).

When did Spotify Technology IPO?

(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 served 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 many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (12.21%), ARK Investment Management LLC (2.31%), BlackRock Inc. (2.13%), Sumitomo Mitsui Trust Holdings Inc. (1.12%), Nikko Asset Management Americas Inc. (1.10%) and Wellington Management Group LLP (1.03%).

Which institutional investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Tiger Global Management LLC, Jennison Associates LLC, Wellington Management Group LLP, Gilder Gagnon Howe & Co. LLC, IMC Chicago LLC, Principal Financial Group Inc., Bluestein R H & Co. LLC, and Polar Capital Holdings Plc.

Which institutional investors are buying Spotify Technology stock?

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Baillie Gifford & Co., ARK Investment Management LLC, Bank of Nova Scotia, Renaissance Technologies LLC, BlackRock Inc., Liontrust Investment Partners LLP, and Nikko Asset Management Americas Inc..

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 $107.27.

How much money does Spotify Technology make?

Spotify Technology has a market capitalization of $20.40 billion and generates $11.44 billion in revenue each year. The company earns $-40.22 million in net income (profit) each year or ($0.71) on an earnings per share basis.

How many employees does Spotify Technology have?

Spotify Technology employs 6,617 workers across the globe.

What is Spotify Technology's official website?

The official website for Spotify Technology is 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].

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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