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NYSE:SPOT

Spotify Technology Stock Forecast, Price & News

$277.62
+7.53 (+2.79 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$267.33
Now: $277.62
$277.78
50-Day Range
$231.60
MA: $260.61
$287.45
52-Week Range
$109.18
Now: $277.62
$299.67
Volume474,085 shs
Average Volume1.93 million shs
Market Capitalization$49.76 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.62
Spotify Technology S.A., together with its subsidiaries, provides audio streaming services in the United States, the United Kingdom, Luxembourg, and internationally. It operates through two segments, Premium and Ad-Supported. The company offers unlimited online and offline high-quality streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. It also provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees; and sales, marketing, contract research and development, and customer support services. As of March 31, 2020, the company's platform included 286 million monthly active users and 130 million premium subscribers in approximately 79 countries and territories. Spotify Technology S.A. was founded in 2006 and is based in Luxembourg, Luxembourg.
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Spotify Technology logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone46-7-022-046-07
Employees4,405

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.58 billion
Book Value$12.73 per share

Profitability

Net Income$-208,320,000.00

Miscellaneous

Market Cap$49.76 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$277.62
+7.53 (+2.79 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Spotify Technology (NYSE:SPOT) Frequently Asked Questions

How has Spotify Technology's stock price been impacted by Coronavirus?

Spotify Technology's stock was trading at $135.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SPOT shares have increased by 105.6% and is now trading at $277.62.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Spotify Technology?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 5 sell ratings, 10 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Spotify Technology
.

What stocks does MarketBeat like better than Spotify Technology?

Wall Street analysts have given Spotify Technology a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Spotify Technology wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Spotify Technology's next earnings date?

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Spotify Technology
.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings data on Thursday, October, 29th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.67) by $0.09. The business earned $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Spotify Technology had a negative net margin of 4.28% and a negative return on equity of 15.49%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 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 2020 Pre-Market earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.337-2.571 billion, compared to the consensus revenue estimate of $2.57 billion.

What price target have analysts set for SPOT?

29 analysts have issued twelve-month target prices for Spotify Technology's shares. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify Technology's stock price to reach $241.19 in the next year. This suggests that the stock has a possible downside of 13.1%.
View analysts' price targets for Spotify Technology
.

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

Who are Spotify Technology's key executives?

Spotify Technology's management team includes the following people:
  • Mr. Daniel G. Ek, Founder, CEO & Chairman (Age 37, Pay $336.46k)
  • Mr. Martin Lorentzon Sven, Co-Founder & Director (Age 51)
  • Mr. Alex Norström, Chief Freemium Bus. Officer (Age 43, Pay $424.71k)
  • Mr. Gustav Söderström, Chief R&D Officer (Age 43, Pay $434.01k)
  • Ms. Dawn Ostroff, Chief Content & Advter. Bus. Officer (Age 60, Pay $2.01M)
  • Mr. Paul Aaron Vogel, Chief Financial Officer (Age 47)
  • Mr. Paul Sawyer, Controller & Chief Accounting Officer
  • Mr. Horacio Gutierrez, Head of Global Affairs & Chief Legal Officer (Age 55)
  • Ms. Katarina Berg, Chief HR Officer (Age 52)
  • Ms. Karen Lawson, Managing Director of Australia & New Zealand

When did Spotify Technology IPO?

(SPOT) raised $0 in an IPO on Tuesday, April 3rd 2018. The company issued 0 shares at a price of $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 investors include Morgan Stanley (10.01%), Jennison Associates LLC (2.32%), BlackRock Inc. (1.91%), Alecta Pensionsforsakring Omsesidigt (1.28%), State Street Corp (0.75%) and ARK Investment Management LLC (0.63%).

Which major investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Acadian Asset Management LLC, Sei Investments Co., Nuveen Asset Management LLC, Wells Fargo & Company MN, New York State Common Retirement Fund, Scout Investments Inc., and UBS Asset Management Americas Inc..

Which major investors are buying Spotify Technology stock?

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, ARK Investment Management LLC, Morgan Stanley, Nikko Asset Management Americas Inc., Arrowstreet Capital Limited Partnership, Alecta Pensionsforsakring Omsesidigt, Douglass Winthrop Advisors LLC, and Voloridge Investment Management 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 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 $277.62.

How big of a company is Spotify Technology?

Spotify Technology has a market capitalization of $49.76 billion and generates $7.58 billion in revenue each year. The company earns $-208,320,000.00 in net income (profit) each year or ($1.15) on an earnings per share basis. Spotify Technology employs 4,405 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 11/28/2020 by MarketBeat.com Staff

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