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. $121.17 -1.40 (-1.14%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$118.00▼$123.8250-Day Range$72.36▼$122.5752-Week Range$69.29▼$177.60Volume2.55 million shsAverage Volume2.62 million shsMarket Capitalization$23.28 billionP/E RatioN/ADividend YieldN/APrice Target$128.05 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Spotify Technology MarketRank™ ForecastAnalyst RatingHold2.46 Rating ScoreUpside/Downside5.7% Upside$128.05 Price TargetShort InterestHealthy3.12% of Float Sold ShortDividend StrengthN/ASustainability-0.66Upright™ Environmental ScoreNews Sentiment0.34Based on 86 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($2.39) to ($0.68) 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.2.07 out of 5 starsBusiness Services Sector170th out of 321 stocksRadio Broadcasting Stations Industry7th out of 10 stocks 2.3 Analyst's Opinion Consensus RatingSpotify Technology has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 10 buy ratings, 10 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $128.05, Spotify Technology has a forecasted upside of 5.7% from its current price of $121.17.Amount of Analyst CoverageSpotify Technology has been the subject of 10 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 2.4 News and Social Media Coverage News SentimentSpotify Technology has a news sentiment score of 0.34. 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 news sentiment score is similar to the average news sentiment of Business Services companies.News Coverage This WeekMarketBeat has tracked 86 news articles for Spotify Technology this week, compared to 21 articles on an average week.Search Interest50 people have searched for SPOT on MarketBeat in the last 30 days. This is an increase of 127% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% 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 ($2.39) to ($0.68) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify Technology is -39.21, 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 -39.21, 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 9.21. 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 SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. 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.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.February 4, 2023 | finance.yahoo.comSpotify not raising prices reveals 'competitive weakness': AnalystFebruary 4, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 4, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Price Target Raised to $132.00 at Truist FinancialFebruary 4, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Price Target Raised to $130.00February 4, 2023 | americanbankingnews.comRosenblatt Securities Boosts Spotify Technology (NYSE:SPOT) Price Target to $110.00February 3, 2023 | finance.yahoo.comSpotify monthly active users grew 20% in 2022February 3, 2023 | finance.yahoo.comWhy Spotify Shares Are Soaring This WeekFebruary 4, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 3, 2023 | finance.yahoo.comMore than 86,000 tech-sector employees have lost their jobs since the start of the yearFebruary 3, 2023 | americanbankingnews.comSpotify Technology S.A. (NYSE:SPOT) Expected to Earn Q1 2023 Earnings of ($0.83) Per ShareFebruary 3, 2023 | americanbankingnews.comPiper Sandler Raises Spotify Technology (NYSE:SPOT) Price Target to $105.00February 2, 2023 | msn.comSpotify Executive Compensation: Dawn Ostroff Exit Package RevealedFebruary 2, 2023 | finance.yahoo.comMore than 85,000 tech-sector employees have lost their jobs since the start of the yearFebruary 2, 2023 | finance.yahoo.comReality check for Spotify and the podcast boomFebruary 2, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Given New $130.00 Price Target at Morgan StanleyFebruary 2, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Price Target Increased to $140.00 by Analysts at KeyCorpFebruary 2, 2023 | finance.yahoo.comWhy Spotify Is One of My Favorite StocksFebruary 2, 2023 | finance.yahoo.comSpotify Technology S.A. (NYSE:SPOT) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Price Target Raised to $145.00 at BarclaysFebruary 2, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Given New $135.00 Price Target at JPMorgan Chase & Co.February 2, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Given New $130.00 Price Target at Pivotal ResearchFebruary 2, 2023 | msn.comSpotify is getting a widget for WindowsFebruary 2, 2023 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Shares Gap Up After Analyst UpgradeFebruary 1, 2023 | msn.comSpotify's Profitability Likely To Breakeven Driven By Subscription Pricing Power And Expense Discipline, Analysts SayFebruary 1, 2023 | finance.yahoo.comMore than 82,000 tech-sector employees have lost their jobs since the start of the yearFebruary 1, 2023 | msn.comSplunk joins PayPal IBM, SAP, Spotify, Google, Intel, Microsoft, Amazon and other tech companies making layoffsSee 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 Earnings10/27/2021Today2/04/2023Next Earnings (Estimated)4/26/2023Fiscal 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$128.05 High Stock Price Forecast$175.00 Low Stock Price Forecast$95.00 Forecasted Upside/Downside+5.7%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage20 Analysts Profitability EPS (Most Recent Fiscal Year)($3.09) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-40,220,000.00 Net Margins-3.48% Pretax Margin-3.16% Return on Equity-17.78% Return on Assets-5.44% Debt Debt-to-Equity RatioN/A Current Ratio1.24 Quick Ratio1.31 Sales & Book Value Annual Sales$12.36 billion Price / Sales1.88 Cash FlowN/A Price / Cash FlowN/A Book Value$13.16 per share Price / Book9.21Miscellaneous Outstanding Shares192,150,000Free Float191,383,000Market Cap$23.28 billion OptionableOptionable Beta1.77 Key ExecutivesDaniel EkChairman & Chief Executive OfficerPaul Aaron VogelChief Financial OfficerStig Gustav Victor SöderströmChief Research & Development OfficerDawn OstroffChief Content & Advertising Business OfficerAlex NorstromChief Premium Business OfficerKey CompetitorsNUNYSE:NURocket CompaniesNYSE:RKTBroadridge Financial SolutionsNYSE:BRGartnerNYSE:ITEquifaxNYSE:EFXView All CompetitorsInsiders & InstitutionsPrivium Fund Management B.V.Sold 5,000 shares on 2/3/2023Ownership: 0.134%D.A. Davidson & CO.Sold 16,369 shares on 2/3/2023Ownership: 0.012%Cannell & Co.Bought 1,260 shares on 2/3/2023Ownership: 0.004%Ellevest Inc.Bought 820 shares on 2/3/2023Ownership: 0.001%U.S. Capital Wealth Advisors LLCBought 784 shares on 2/3/2023Ownership: 0.000%View All Institutional Transactions SPOT Stock - Frequently Asked Questions Should I buy or sell Spotify Technology stock right now? 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 10 hold ratings and 10 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? 20 brokerages have issued 1-year price objectives for Spotify Technology's shares. Their SPOT share price forecasts range from $95.00 to $175.00. On average, they expect the company's share price to reach $128.05 in the next year. This suggests a possible upside of 5.7% 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 2023. Since then, SPOT shares have increased by 53.5% and is now trading at $121.17. 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 Wednesday, April 26th 2023. View our SPOT earnings forecast. How were Spotify Technology's earnings last quarter? Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings data on Wednesday, October, 27th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.16. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.44 billion. Spotify Technology had a negative trailing twelve-month return on equity of 17.78% and a negative net margin of 3.48%. 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) earnings per share. What guidance has Spotify Technology issued on next quarter's earnings? Spotify Technology issued an update on its first quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share 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 (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 number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (14.54%), Allspring Global Investments Holdings LLC (0.28%), Assenagon Asset Management S.A. (0.21%), Privium Fund Management B.V. (0.13%), Simplex Trading LLC (0.00%) and Kovitz Investment Group Partners LLC (0.10%). 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 $121.17. How much money does Spotify Technology make? Spotify Technology (NYSE:SPOT) has a market capitalization of $23.28 billion and generates $12.36 billion in revenue each year. The company earns $-40,220,000.00 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 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 2/4/2023 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. 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