NYSE:SPOTSpotify Stock Price, Forecast & News

Spotify's stock was trading at $135.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SPOT shares have increased by 88.1% and is now trading at $254.03.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 6 sell ratings, 10 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Spotify is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Spotify.

Spotify (NYSE:SPOT) issued its earnings results on Wednesday, July, 29th. The company reported ($1.91) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.49) by $1.42. The business earned $1.89 billion during the quarter, compared to the consensus estimate of $1.93 billion. Spotify had a negative net margin of 4.28% and a negative return on equity of 15.49%. The firm's revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted ($0.42) earnings per share.
View Spotify's earnings history.

Spotify updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.04-2.258 billion, compared to the consensus revenue estimate of $2.37 billion.

28 analysts have issued 12 month price objectives for Spotify's stock. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify's stock price to reach $226.27 in the next twelve months. This suggests that the stock has a possible downside of 10.9%.
View analysts' price targets for Spotify.

Press coverage about SPOT stock has trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Spotify earned a news impact score of 1.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Spotify.

Spotify saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,120,000 shares, a decline of 22.4% from the July 15th total of 4,020,000 shares. Based on an average daily volume of 2,950,000 shares, the short-interest ratio is currently 1.1 days. Currently, 2.6% of the company's shares are short sold.
View Spotify's Current Options Chain.

Some companies that are related to Spotify include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Urban One (UONE), Corus Entertainment (CJREF), Entercom Communications (ETM), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Micron Technology (MU), Paypal (PYPL), Walt Disney (DIS), Square (SQ), Advanced Micro Devices (AMD) and salesforce.com (CRM).

(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 served as the underwriter for the IPO.

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

Spotify's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (1.66%), Russell Investments Group Ltd. (0.14%), First Trust Advisors LP (0.12%), Ardevora Asset Management LLP (0.12%), Raymond James & Associates (0.07%) and Peregrine Capital Management LLC (0.06%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Russell Investments Group Ltd., Ovata Capital Management Ltd, Raymond James Financial Services Advisors Inc., DekaBank Deutsche Girozentrale, Mount Yale Investment Advisors LLC, New York State Teachers Retirement System, and Cumberland Partners Ltd.

SPOT stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Peregrine Capital Management LLC, Scout Investments Inc., First Trust Advisors LP, Douglass Winthrop Advisors LLC, Prudential PLC, Envestnet Asset Management Inc., and Raymond James & Associates.

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.

One share of SPOT stock can currently be purchased for approximately $254.03.

Spotify has a market capitalization of $45.53 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 employs 4,405 workers across the globe.

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

Spotify'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]