NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$133.73

+2.90 (+2.22%)

(As of 03/31/2023 02:17 PM ET)

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Today's Range: $130.52
▼
$133.85
50-Day Range: $97.91
▼
$131.05
52-Week Range: $69.29
▼
$160.06

Volume: 662,364 shs
Average Volume: 2.00 million shs
Market Capitalization: $25.85 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $132.78

Institutional Ownership

Spotify Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 0.7% Downside
$132.78 Price Target
Short Interest: Healthy
2.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.66
Upright™ Environmental Score
News Sentiment: 0.12
Based on 22 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.52) to ($0.53) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Business Services Sector

202nd out of 328 stocks

Radio Broadcasting Stations Industry

8th out of 9 stocks

2.3

Analyst's Opinion

Consensus Rating
Spotify Technology has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 14 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $132.78, Spotify Technology has a forecasted downside of 0.7% from its current price of $133.78.
Amount of Analyst Coverage
Spotify Technology has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.19% of the float of Spotify Technology has been sold short.
Short Interest Ratio / Days to Cover
Spotify Technology has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Spotify Technology has recently decreased by 23.22%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Spotify Technology does not currently pay a dividend.
Dividend Growth
Spotify Technology does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Spotify Technology has received a 68.86% net impact score from Upright. See details.
Environmental Sustainability
The Environmental Impact score for Spotify Technology is -0.66.

1.7

News and Social Media Coverage

News Sentiment
Spotify Technology has a news sentiment score of 0.12. 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 0.51 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 22 news articles for Spotify Technology this week, compared to 20 articles on an average week.
Search Interest
Only 11 people have searched for SPOT on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.
MarketBeat Follows
Only 15 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Spotify Technology insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.40% of the stock of Spotify Technology is held by insiders.
Percentage Held by Institutions
52.80% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Spotify Technology are expected to grow in the coming year, from ($2.52) to ($0.53) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Spotify Technology is -43.29, 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. Sector
The P/E ratio of Spotify Technology is -43.29, 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 Ratio
Spotify Technology has a P/B Ratio of 10.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology SA is a digital music service offering music fans instant access to a world of music. It operates through the Premium and Ad-Supported segments. 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 a 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.

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SPOT Stock News Headlines

March 31, 2023 | msn.com

OPINION - Streaming wars: How Spotify is changing the way it delivers listeners’ music

March 31, 2023 | msn.com

Spotify is testing a major overhaul of your profile page

March 31, 2023 | Weiss Ratings (Ad)

Bank Accounts: Frozen!

In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!

March 30, 2023 | msn.com

This Is What Whales Are Betting On Spotify Technology

March 30, 2023 | technews.tmcnet.com

Cinedigm Selects Valossa Labs OY as its Video Artificial Intelligence (AI) Technology Partner for Cineverse, its Flagship Streaming Service

March 30, 2023 | msn.com

Roblox Spotify Island Codes (April 2023)

March 30, 2023 | msn.com

Spotify Niche Mixes got me addicted to pagode, goblincore, and funeral doom

March 29, 2023 | msn.com

Spotify Niche Mixes are hyper-personalized mixes for any occasion

March 31, 2023 | Investor Place Media (Ad)

Biden To Unleash "Choke Point" Operation On America?

Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.

March 29, 2023 | finance.yahoo.com

15 Top Performing European Stocks So Far in 2023

March 29, 2023 | msn.com

What Are Spotify's Niche Mixes and How Do You Find Them?

March 28, 2023 | msn.com

Spotify's Niche Mixes let you generate personalized playlists for almost anything

March 28, 2023 | msn.com

Spotify’s new Niche Mixes are tailor-made for me

March 28, 2023 | msn.com

Spotify’s Niche Mixes spare you from building your own weirdly specific playlists

March 28, 2023 | msn.com

Spotify debuts “Niche Mixes” you can build based on description alone

March 27, 2023 | forbes.com

Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains - Forbes AI Newsletter March 25th

March 27, 2023 | finance.yahoo.com

Spotify Technology S.A. to Announce Financial Results for First Quarter 2023

March 26, 2023 | msn.com

How to Block (and Unblock) Someone on Spotify

March 24, 2023 | finance.yahoo.com

See SPOT Run ... Down

March 24, 2023 | finance.yahoo.com

Spotify's Latest Move Might Estrange International Listeners

March 24, 2023 | americanbankingnews.com

Spotify Technology (NYSE:SPOT) Shares Gap Up to $128.81

March 23, 2023 | finance.yahoo.com

Spotify Removes Massive Catalog of Music that Will Devastate Fans

March 23, 2023 | finance.yahoo.com

Spotify Is Quietly Dealing With a Major Fund Problem

March 23, 2023 | benzinga.com

Looking At Spotify Technology's Recent Unusual Options Activity

March 23, 2023 | americanbankingnews.com

Spotify Technology (NYSE:SPOT) Upgraded to "Buy" by Guggenheim

March 22, 2023 | finance.yahoo.com

Spotify Has Spent Less Than 10% of Its $100 Million Diversity Fund

March 22, 2023 | finance.yahoo.com

Spotify Stock Snags a Buy Rating. Analyst Sees Room For Price Increases.

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SPOT Company Calendar

Last Earnings: 1/31/2023
Today: 3/31/2023
Next Earnings (Confirmed): 4/25/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Radio broadcasting stations
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:SPOT
CUSIP: N/A
CIK: 1639920
Web: www.spotify.com
Phone: 46-7-022-046-07
Fax: N/A
Employees: 8,359
Year Founded: 2006

Price Target and Rating

Average Stock Price Forecast: $132.78
High Stock Price Forecast: $180.00
Low Stock Price Forecast: $95.00
Forecasted Upside/Downside: +1.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 21 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.09)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-453,050,000.00
Net Margins: -3.48%
Pretax Margin: -3.16%
Return on Equity: -17.78%
Return on Assets: -5.44%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.24
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $12.36 billion
Price / Sales: 2.05
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.09 per share
Price / Book: 9.99

Miscellaneous

Outstanding Shares: 193,290,000
Free Float: 192,520,000
Market Cap: $25.29 billion
Optionable: Optionable
Beta: 1.75

Social Links

Key Executives

Daniel Ek
Chairman & Chief Executive Officer

Stig Gustav Victor Söderström
Co-President, Chief Research & Development Officer

Alex Norstrom
Co-President & Chief Premium Business Officer

Paul Aaron Vogel
Chief Financial Officer

Paul Sawyer
Chief Accounting Officer & Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?: 21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 7 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPOT shares.
View SPOT analyst ratings or view top-rated stocks.
What is Spotify Technology's stock price forecast for 2023?: 21 brokers have issued 12-month target prices for Spotify Technology's stock. Their SPOT share price forecasts range from $95.00 to $180.00. On average, they anticipate the company's share price to reach $132.78 in the next year. This suggests that the stock has a possible downside of 0.3%.
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 start of the year. Since then, SPOT stock has increased by 68.7% and is now trading at $133.20.
View the best growth stocks for 2023 here.
Are investors shorting Spotify Technology?: Spotify Technology saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 2,810,000 shares, a drop of 23.2% from the February 28th total of 3,660,000 shares. Based on an average daily trading volume, of 2,000,000 shares, the short-interest ratio is presently 1.4 days. Currently, 2.2% of the company's stock are sold short.
View Spotify Technology's Short Interest.
When is Spotify Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 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, April 25th 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) released its quarterly earnings data on Tuesday, January, 31st. The company reported ($1.43) earnings per share for the quarter, missing analysts' consensus estimates of ($1.28) by $0.15. The company earned $3.23 billion during the quarter, compared to analysts' expectations of $3.26 billion. Spotify Technology had a negative net margin of 3.48% and a negative trailing twelve-month return on equity of 17.78%.
What ETFs hold Spotify Technology's stock?: ETFs with the largest weight of Spotify Technology (NYSE:SPOT) stock in their portfolio include ProShares On-Demand ETF (OND), Global X Social Media ETF (SOCL), IQ U.S. Mid Cap R&D Leaders ETF (MRND), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust S-Network Streaming and Gaming ETF (BNGE), Generation Z ETF (ZGEN), First Trust International IPO ETF (FPXI) and IQ Engender Equality ETF (EQUL).
What guidance has Spotify Technology issued on next quarter's earnings?: Spotify Technology updated its first quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.16 billion-$3.16 billion, compared to the consensus revenue estimate of $3.33 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 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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (14.45%), Price T Rowe Associates Inc. MD (5.02%), Morgan Stanley (4.71%), Alecta Tjanstepension Omsesidigt (2.03%), T. Rowe Price Investment Management Inc. (1.41%) and Jennison Associates LLC (0.97%).
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 $133.20.
How much money does Spotify Technology make?: Spotify Technology (NYSE:SPOT) has a market capitalization of $25.75 billion and generates $12.36 billion in revenue each year. The company earns $-453,050,000.00 in net income (profit) each year or ($3.09) on an earnings per share basis.
How many employees does Spotify Technology have?: The company employs 8,359 workers across the globe.
Does Spotify Technology have any subsidiaries?: The following companies are subsidiares of Spotify Technology: Anchor FM, Betty Labs Incorporated, Bill Simmons Media Group LLC, Chartable, Cord Project, CrowdAlbum, Cutler Media LLC, Findaway, Gimlet Media, Loudr, Mediachain, Megaphone LLC, MightyTV, Podsights, Podz Inc., Preact, S Servicios de Música México S.A. de C.V., Seed Scientific, Sonalytic, SoundBetter, Soundtrap AB, Soundwave, Spotify AB, Spotify Australia Pty Ltd, Spotify Brasil Serviços De Música LTDA, Spotify Canada Inc., Spotify France SAS, Spotify GmbH, Spotify India LLP, Spotify Italy S.r.l., Spotify Japan K.K, Spotify Ltd, Spotify Singapore Pte Ltd., Spotify Spain S.L., Spotify USA Inc., The Echo Nest, Tunigo, Whooshkaa, and niland.
Read More
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 3/31/2023 by MarketBeat.com Staff

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Spotify Technology - SPOT Stock Forecast, Price & News

Spotify Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Spotify Technology (NYSE:SPOT) Stock

SPOT Stock News Headlines

SPOT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

SPOT Stock - Frequently Asked Questions

Overall MarketRank^™