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 earnings results on Wednesday, February, 5th. The company reported ($1.14) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by $0.66. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.89 billion. Spotify had a negative net margin of 2.69% and a negative return on equity of 8.68%. Spotify's revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. View Spotify's Earnings History.

Spotify is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Spotify.

Spotify issued an update on its FY 2020 Pre-Market earnings guidance on Wednesday, February, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.888-9.328 billion, compared to the consensus revenue estimate of $9.31 billion.

21 Wall Street analysts have issued 12-month price targets for Spotify's shares. Their forecasts range from $110.00 to $195.00. On average, they anticipate Spotify's share price to reach $161.37 in the next year. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Price Targets for Spotify.

21 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, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Spotify.

Headlines about SPOT stock have been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Spotify earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Spotify.

Spotify saw a increase in short interest in January. As of January 31st, there was short interest totalling 5,840,000 shares, an increase of 6.0% from the January 15th total of 5,510,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is currently 4.0 days. Approximately 5.0% of the shares of the stock are sold short. 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), Beasley Broadcast Group (BBGI), Urban One (UONE), 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 Netflix (NFLX), Alibaba Group (BABA), NVIDIA (NVDA), Tesla (TSLA), Micron Technology (MU), Paypal (PYPL), Walt Disney (DIS), Boeing (BA), Verizon Communications (VZ) and Twitter (TWTR).

(SPOT) raised $0 in an IPO on Tuesday, April 3rd 2018. The company issued 0 shares at $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 Baillie Gifford & Co. (12.12%), Alecta Pensionsforsakring Omsesidigt (1.17%), AMF Pensionsforsakring AB (1.12%), Renaissance Technologies LLC (0.91%), Artisan Partners Limited Partnership (0.74%) and State Street Corp (0.69%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Cadian Capital Management LP, Bamco Inc. NY, Eaton Vance Management, Cubist Systematic Strategies LLC, AMF Pensionsforsakring AB, Raymond James Financial Services Advisors Inc., Bank of New York Mellon Corp and Jennison Associates LLC.

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Artisan Partners Limited Partnership, Investec Asset Management LTD, Pathway Capital Management LP, Massachusetts Financial Services Co. MA, Sei Investments Co., Renaissance Technologies LLC and TD Asset Management 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 $146.95.

Spotify has a market capitalization of $26.34 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 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]