NYSE:SPOT - Spotify Stock Price, Forecast & News

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

Spotify (NYSE:SPOT) announced its quarterly earnings data on Monday, October, 28th. The company reported $0.36 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.40) by $0.76. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Spotify had a return on equity of 22.12% and a net margin of 7.32%. Spotify's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. View Spotify's Earnings History.

Spotify is scheduled to release their next quarterly earnings announcement on Wednesday, February 5th 2020. View Earnings Estimates for Spotify.

Spotify will be holding an earnings conference call on Wednesday, February 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Spotify updated its fourth quarter 2019 Pre-Market earnings guidance on Monday, October, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$1.931-2.153 billion, compared to the consensus revenue estimate of $$2.08 billion.

19 brokerages have issued twelve-month price targets for Spotify's shares. Their forecasts range from $115.00 to $195.00. On average, they anticipate Spotify's stock price to reach $157.22 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Spotify.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 4 sell ratings, 4 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Spotify.

News coverage about SPOT stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spotify earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Spotify.

Spotify saw a drop in short interest in December. As of December 31st, there was short interest totalling 5,510,000 shares, a drop of 7.7% from the December 15th total of 5,970,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is presently 3.9 days. Currently, 4.8% of the shares of the company are short sold. View Spotify's Current Options Chain.

Some companies that are related to Spotify include Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Entercom Communications (ETM), Akazoo (SONG), Cumulus Media (CMLS), Townsquare Media (TSQ), Urban One (UONE), Beasley Broadcast Group (BBGI), iHeartMedia (IHRTQ), Urban One (UONEK), Emmis Communications (EMMS), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM) and Spanish Broadcasting System (SBSAA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include Alibaba Group (BABA), Netflix (NFLX), NVIDIA (NVDA), Tesla (TSLA), Micron Technology (MU), Paypal (PYPL), Boeing (BA), Walt Disney (DIS), Square (SQ) and Verizon Communications (VZ).

(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.

Spotify's stock is owned by a number of of retail and institutional investors. Top institutional investors include Alecta Pensionsforsakring Omsesidigt (1.17%), Coronation Fund Managers Ltd. (0.12%), Global Thematic Partners LLC (0.07%), Hillman Co. (0.07%), United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund (0.01%) and Sciencast Management LP (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Hillman Co., Global Thematic Partners LLC, Hamilton Wealth LLC, Lake Street Financial LLC, Janney Montgomery Scott LLC, Addison Capital Co, Raymond James Trust N.A. and IBM Retirement Fund.

SPOT stock was bought by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund, Sciencast Management LP, Modus Advisors LLC, Nisa Investment Advisors LLC, Coronation Fund Managers Ltd., We Are One Seven LLC and NEXT Financial Group Inc.

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 $148.95.

Spotify has a market capitalization of $26.70 billion and generates $6.21 billion in revenue each year. The company earns $-92,110,000.00 in net income (profit) each year or ($0.60) on an earnings per share basis. Spotify employs 3,651 workers across the globe.View Additional Information About Spotify.

The official website for Spotify is http://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]