NYSE:SPOTSpotify Stock Price, Forecast & News

Spotify's stock was trading at $135.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SPOT stock has increased by 36.4% and is now trading at $184.28. View which stocks have been most impacted by Coronavirus.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 3 sell ratings, 9 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Spotify.

Spotify is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Spotify.

Spotify (NYSE:SPOT) released its earnings results on Wednesday, April, 29th. The company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.48) by $0.28. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. Spotify had a negative return on equity of 1.90% and a negative net margin of 0.53%. The company's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.79) earnings per share. View Spotify's earnings history.

Spotify updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, April, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.93-2.151 billion, compared to the consensus revenue estimate of $2.02 billion.

23 brokerages have issued 12-month target prices for Spotify's shares. Their forecasts range from $110.00 to $195.00. On average, they expect Spotify's stock price to reach $162.52 in the next twelve months. This suggests that the stock has a possible downside of 11.8%. View analysts' price targets for Spotify.

News coverage about SPOT stock has trended negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spotify earned a daily sentiment score of -2.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock's share price in the near term. View the latest news aboutSpotify.

Spotify saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,820,000 shares, a drop of 6.1% from the April 30th total of 4,070,000 shares. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is presently 2.4 days. Approximately 3.2% of the shares of the company 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), Cumulus Media (CMLS), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Beasley Broadcast Group (BBGI), Urban One (UONE), Akazoo (SONG), Urban One (UONEK), MODERN MEDIA AC/SH SH (MMDM), Salem Media Group (SALM), Emmis Communications (EMMS) and Spanish Broadcasting System (SBSAA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), Tesla (TSLA), Micron Technology (MU), Paypal (PYPL), Walt Disney (DIS), Square (SQ), Advanced Micro Devices (AMD) and salesforce.com (CRM).

(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 served as the underwriter for the IPO.

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

Spotify's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (12.09%), Morgan Stanley (9.16%), Wellington Management Group LLP (2.18%), BlackRock Inc. (1.84%), State Street Corp (0.76%) and Eminence Capital LP (0.60%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Swedbank, Janus Henderson Group PLC, Wellington Management Group LLP, Squarepoint Ops LLC, Franklin Resources Inc., Atom Investors LP, and Coronation Fund Managers Ltd..

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., Nuveen Asset Management LLC, Lord Abbett & CO. LLC, Nomura Holdings Inc., Eminence Capital LP, State Street Corp, and Robeco Institutional Asset Management B.V..

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 $184.28.

Spotify has a market capitalization of $33.03 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 4,405 workers across the globe.

The official website for Spotify is 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]