NYSE:SPOT

Spotify Technology Stock Forecast, Price & News

$265.16
+3.45 (+1.32 %)
(As of 04/22/2021 12:00 AM ET)
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Today's Range
$264.61
Now: $265.16
$271.63
50-Day Range
$252.59
MA: $275.84
$300.24
52-Week Range
$136.62
Now: $265.16
$387.44
Volume1.48 million shs
Average Volume1.53 million shs
Market Capitalization$47.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.64
Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in two segments, Premium and Ad-Supported. 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 with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
Spotify Technology logo

Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone46-7-022-046-07
Employees5,584
Year FoundedN/A

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$47.53 billion
Next Earnings Date4/28/2021 (Confirmed)
OptionableOptionable

Headlines

An Explosive First Day for Coinbase (SPOT)
April 15, 2021 |  pricetargets.com
Spotify Technology (NYSE:SPOT) Shares Down 3%
April 21, 2021 |  americanbankingnews.com
Spotify Is Entering the Hardware Market
April 21, 2021 |  finance.yahoo.com
What Is Expected From Apple's Spring Event Today?
April 20, 2021 |  finance.yahoo.com
Spotify's Chart May Be Music To Bulls Ears
April 16, 2021 |  benzinga.com
3 Growth Stocks That Are Down Over 20%
April 16, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.46 out of 5 stars

Business Services Sector

112th out of 442 stocks

Radio Broadcasting Stations Industry

4th out of 20 stocks

Analyst Opinion: 3.2Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
$265.16
+3.45 (+1.32 %)
(As of 04/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Spotify Technology (NYSE:SPOT) Frequently Asked Questions

Is Spotify Technology a buy right now?

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 4 sell ratings, 14 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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.

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 past winning trading ideas 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, April 28th 2021.
View our earnings forecast for Spotify Technology
.

How can I listen to Spotify Technology's earnings call?

Spotify Technology will be holding an earnings conference call on Wednesday, April 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings data on Wednesday, February, 3rd. The company reported ($0.66) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.76) by $0.10. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. Spotify Technology had a negative net margin of 8.73% and a negative trailing twelve-month return on equity of 30.46%. Spotify Technology's revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned ($1.14) EPS.
View Spotify Technology's earnings history
.

How has Spotify Technology's stock 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. Since then, SPOT stock has increased by 96.3% and is now trading at $265.16.
View which stocks have been most impacted by COVID-19
.

What guidance has Spotify Technology issued on next quarter's earnings?

Spotify Technology updated its FY 2021 Pre-Market earnings guidance on Wednesday, February, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $10.743-11.22 billion, compared to the consensus revenue estimate of $11.62 billion.

What price target have analysts set for SPOT?

32 equities research analysts have issued 1 year price objectives for Spotify Technology's shares. Their forecasts range from $130.00 to $425.00. On average, they expect Spotify Technology's share price to reach $293.19 in the next year. This suggests a possible upside of 10.6% 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 38, Pay $490.33k)
  • Mr. Sven Martin Lorentzon, Co-Founder & Director (Age 52)
  • Mr. Paul Aaron Vogel, Chief Financial Officer (Age 48, Pay $629.54k)
  • Mr. Alex Norström, Chief Freemium Bus. Officer (Age 44, Pay $481.39k)
  • Mr. Gustav Söderström, Chief R&D Officer (Age 44, Pay $460.41k)
  • Ms. Dawn Ostroff, Chief Content & Advter. Bus. Officer (Age 60, Pay $1.09M)
  • Mr. Paul Sawyer, Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg, Head of Investor Relations
  • Mr. Horacio Gutierrez, Head of Global Affairs & Chief Legal Officer (Age 56)
  • Ms. Katarina Berg, Chief HR Officer (Age 53)

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.

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).

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 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 Alecta Pensionsforsakring Omsesidigt (1.22%), Ardevora Asset Management LLP (0.08%), Royal London Asset Management Ltd. (0.03%), Regis Management CO LLC (0.03%), State of Alaska Department of Revenue (0.02%) and Scout Investments Inc. (0.01%).

Which institutional investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Scout Investments Inc., Ardevora Asset Management LLP, State of Alaska Department of Revenue, Golden Green Inc., BOKF NA, IBM Retirement Fund, and Congress Park Capital LLC.

Which institutional investors are buying Spotify Technology stock?

SPOT stock was bought by a variety of institutional investors in the last quarter, including Regis Management CO LLC, Exchange Traded Concepts LLC, First National Bank of Mount Dora Trust Investment Services, Fortis Capital Management LLC, Huntington National Bank, Royal London Asset Management Ltd., Phoenix Wealth Advisors, and Canal Capital 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 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 $265.16.

How much money does Spotify Technology make?

Spotify Technology has a market capitalization of $47.53 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.

How many employees does Spotify Technology have?

Spotify Technology employs 5,584 workers across the globe.

What is Spotify Technology's official website?

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

Where are Spotify Technology's headquarters?

Spotify Technology is headquartered at 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610.

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 4/23/2021 by MarketBeat.com Staff
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