NYSE:SPOT Spotify Technology - SPOT Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Spotify Technology S.A. Please log in to your account or sign up in order to add this asset to your watchlist. $102.24 +0.94 (+0.93%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$100.32▼$103.3150-Day Range$72.36▼$101.3052-Week Range$69.29▼$208.49Volume1.69 million shsAverage Volume1.75 million shsMarket Capitalization$19.65 billionP/E RatioN/ADividend YieldN/APrice Target$141.88 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Spotify Technology MarketRank™ ForecastAnalyst RatingHold2.46 Rating ScoreUpside/Downside34.8% Upside$137.79 Price TargetShort InterestHealthy3.12% of Float Sold ShortDividend StrengthN/ASustainability-0.66Upright™ Environmental ScoreNews Sentiment-0.02Based on 60 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.65) to ($2.01) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.59 out of 5 starsBusiness Services Sector57th out of 329 stocksRadio Broadcasting Stations Industry3rd out of 11 stocks 4.2 Analyst's Opinion Consensus RatingSpotify Technology has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 10 buy ratings, 13 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $137.79, Spotify Technology has a forecasted upside of 34.8% from its current price of $102.24.Amount of Analyst CoverageSpotify Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted3.12% of the float of Spotify Technology has been sold short.Short Interest Ratio / Days to CoverSpotify Technology has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spotify Technology has recently decreased by 13.89%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpotify Technology does not currently pay a dividend.Dividend GrowthSpotify Technology does not have a long track record of dividend growth. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSpotify Technology has received a 68.86% net impact score from Upright. See details.Environmental SustainabilityThe Environmental Impact score for Spotify Technology is -0.66. Previous Next 1.7 News and Social Media Coverage News SentimentSpotify Technology has a news sentiment score of -0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 60 news articles for Spotify Technology this week, compared to 22 articles on an average week.Search Interest24 people have searched for SPOT on MarketBeat in the last 30 days. This is an increase of 26% compared to the previous 30 days.MarketBeat FollowsOnly 14 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -48% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spotify Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.40% of the stock of Spotify Technology is held by insiders.Percentage Held by Institutions52.80% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Spotify Technology are expected to grow in the coming year, from ($2.65) to ($2.01) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify Technology is -53.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Spotify Technology is -53.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioSpotify Technology has a P/B Ratio of 7.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Spotify Technology (NYSE:SPOT) StockSpotify 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.Read More Receive SPOT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address SPOT Stock News HeadlinesJanuary 4, 2023 | marketbeat.comMarketBeat: Week in Review 12/05 – 12/09 (SPOT)The markets continue to have a lot to digest before there can be a Santa Claus rally. Here are some of the top stories our analysts were covering this week.January 27, 2023 | finance.yahoo.comSpotify announces plan to cut 6% of staff ahead of Q4 earningsJanuary 28, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 27, 2023 | finance.yahoo.comPeople Can’t Stop ‘Spotify Snooping’ on Friends, Exes and CrushesJanuary 27, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) PT Lowered to $131.00January 26, 2023 | seekingalpha.comSpotify Q4 Preview: A Compelling Contrarian BetJanuary 26, 2023 | msn.comSpotify is experiencing an outageJanuary 26, 2023 | marketwatch.comSpotify recovers after second outage this monthJanuary 28, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.January 26, 2023 | finance.yahoo.comSpotify back up after second outage in two weeksJanuary 26, 2023 | finance.yahoo.comUPDATE 2-Spotify back up after second outage in two weeksJanuary 26, 2023 | forbes.comSpotify Announces Layoffs To 6% Of Its Workforce - Stock Price Jumps In ResponseJanuary 26, 2023 | finance.yahoo.comSpotify's Layoffs: What You Need to KnowJanuary 26, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Given New $120.00 Price Target at JPMorgan Chase & Co.January 26, 2023 | americanbankingnews.comAnalysts Offer Predictions for Spotify Technology S.A.'s Q1 2023 Earnings (NYSE:SPOT)January 25, 2023 | msn.comThe Latest Analyst Ratings for Spotify TechnologyJanuary 25, 2023 | finance.yahoo.comADTRAN Holdings (ADTN) Earnings Expected to Grow: What to Know Ahead of Q4 ReleaseJanuary 25, 2023 | finance.yahoo.comMore than 57,000 global tech-sector employees have lost jobs in 2023: layoff-data trackerJanuary 25, 2023 | americanbankingnews.comKeyCorp Comments on Spotify Technology S.A.'s FY2022 Earnings (NYSE:SPOT)January 24, 2023 | msn.comHow the Spotify layoffs impact its podcasting businessJanuary 24, 2023 | finance.yahoo.comHow Spotify's Downsizing Could Affect YouJanuary 24, 2023 | finance.yahoo.comLayoffs Won't Solve Spotify's Biggest ProblemJanuary 24, 2023 | finance.yahoo.comDawn Ostroff to leave Spotify as streaming radio network makes cutsJanuary 23, 2023 | wsj.comSpotify to Cut 6% of Workforce in Latest Tech LayoffJanuary 23, 2023 | finance.yahoo.comStocks, sectors consolidate gains ahead of Monday’s closing bellJanuary 23, 2023 | finance.yahoo.comSpotify is laying off about 6% of staff as tech layoffs continueJanuary 23, 2023 | msn.comSpotify to lay off 6% of its employeesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SPOT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address SPOT Company Calendar Last Earnings10/27/2021Today1/28/2023Next Earnings (Confirmed)1/31/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Radio broadcasting stations Sub-IndustryN/A SectorBusiness Services Current SymbolNYSE:SPOT CUSIPN/A CIK1639920 Webwww.spotify.com Phone46-7-022-046-07FaxN/AEmployees6,617Year FoundedN/APrice Target and Rating Average Stock Price Forecast$137.79 High Stock Price Forecast$250.00 Low Stock Price Forecast$87.00 Forecasted Upside/Downside+38.8%Consensus RatingHold Rating Score (0-4)2.46 Research Coverage23 Analysts Profitability EPS (Most Recent Fiscal Year)($1.90) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-40,220,000.00 Net Margins-1.62% Pretax Margin-0.64% Return on Equity-8.21% Return on Assets-2.47% Debt Debt-to-Equity RatioN/A Current Ratio1.31 Quick Ratio1.31 Sales & Book Value Annual Sales$11.44 billion Price / Sales1.72 Cash Flow$0.58 per share Price / Cash Flow176.91 Book Value$13.05 per share Price / Book7.83Miscellaneous Outstanding Shares192,150,000Free Float191,383,000Market Cap$19.65 billion OptionableOptionable Beta1.66 Key ExecutivesMr. Daniel G. Ek (Age 40)Founder, CEO & Chairman Comp: $104.89kMr. Sven Martin Lorentzon (Age 54)Co-Founder & Director Mr. Paul Aaron Vogel (Age 50)Chief Financial Officer Comp: $608.7kMr. Alex Norström (Age 46)Chief Freemium Bus. Officer Comp: $438.05kMr. Gustav Söderström (Age 46)Chief R&D Officer Comp: $427.03kMs. Dawn Ostroff (Age 63)Chief Content & Advter. Bus. Officer Comp: $1.39MMr. Paul SawyerController & Chief Accounting OfficerMr. Bryan Daniel GoldbergHead of Investor RelationsMs. Eve Konstan (Age 54)Gen. Counsel Ms. Dustee Tucker Jenkins (Age 44)Global Head of Public Affairs More ExecutivesKey CompetitorsNUNYSE:NURocket CompaniesNYSE:RKTOmnicom GroupNYSE:OMCBroadridge Financial SolutionsNYSE:BRFactSet Research SystemsNYSE:FDSView All CompetitorsInsiders & InstitutionsState of Michigan Retirement SystemBought 14,100 shares on 1/27/2023Ownership: 0.057%Trellus Management Company LLCBought 5,000 shares on 1/27/2023Ownership: 0.005%Summit Place Financial Advisors LLCBought 575 shares on 1/27/2023Ownership: 0.004%Paradigm Financial Partners LLCSold 1,240 shares on 1/27/2023Ownership: 0.004%Exchange Traded Concepts LLCBought 858 shares on 1/27/2023Ownership: 0.002%View All Institutional Transactions SPOT Stock - Frequently Asked Questions Should I buy or sell Spotify Technology stock right now? 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 13 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPOT shares. 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 SPOT analyst ratings or view top-rated stocks. What is Spotify Technology's stock price forecast for 2023? 23 equities research analysts have issued 12-month target prices for Spotify Technology's stock. Their SPOT share price forecasts range from $87.00 to $250.00. On average, they predict the company's share price to reach $137.79 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price. View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts. How have SPOT shares performed in 2023? Spotify Technology's stock was trading at $78.95 at the beginning of the year. Since then, SPOT stock has increased by 29.5% and is now trading at $102.24. View the best growth stocks for 2023 here. When is Spotify Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 31st 2023. View our SPOT earnings forecast. How can I listen to Spotify Technology's earnings call? Spotify Technology will be holding an earnings conference call on Tuesday, January 31st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were Spotify Technology's earnings last quarter? Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.16. The firm earned $2.50 billion during the quarter, compared to analysts' expectations of $2.44 billion. Spotify Technology had a negative net margin of 1.62% and a negative trailing twelve-month return on equity of 8.21%. The company's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.68) EPS. What guidance has Spotify Technology issued on next quarter's earnings? Spotify Technology updated its fourth quarter 2022 earnings guidance on Tuesday, November, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.23 billion-$3.23 billion, compared to the consensus revenue estimate of $3.15 billion. What is Daniel Ek's approval rating as Spotify Technology's CEO? 343 employees have rated Spotify Technology Chief Executive Officer Daniel Ek on Glassdoor.com. Daniel Ek has an approval rating of 93% among the company'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), Block (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 a price of $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 a variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (14.54%), Allspring Global Investments Holdings LLC (0.28%), Assenagon Asset Management S.A. (0.21%), Kovitz Investment Group Partners LLC (0.10%), State of Michigan Retirement System (0.06%) and Greenwood Capital Associates LLC (0.04%). How do I buy shares of Spotify Technology? Shares of SPOT stock 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 $102.24. How much money does Spotify Technology make? Spotify Technology (NYSE:SPOT) has a market capitalization of $19.65 billion and generates $11.44 billion in revenue each year. The company earns $-40,220,000.00 in net income (profit) each year or ($1.90) on an earnings per share basis. How many employees does Spotify Technology have? The company employs 6,617 workers across the globe. How can I contact Spotify Technology? Spotify Technology's mailing address is 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610. The official website for the company is www.spotify.com. The company can be reached via phone at 46-7-022-046-07 or via email at ir@spotify.com. This page (NYSE:SPOT) was last updated on 1/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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