Spotify Technology Stock Forecast, Price & News

Spotify Technology (NYSE:SPOT) Frequently Asked Questions

Is Spotify Technology a buy right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 3 sell ratings, 8 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street 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.

How has Spotify Technology's stock price been impacted by Coronavirus (COVID-19)?

Spotify Technology's stock was trading at $135.06 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SPOT stock has increased by 80.0% and is now trading at $243.17.
View which stocks have been most impacted by COVID-19.

Are investors shorting Spotify Technology?

Spotify Technology saw a drop in short interest in the month of October. As of October 29th, there was short interest totaling 4,440,000 shares, a drop of 14.9% from the October 14th total of 5,220,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.5% of the company's shares are sold short.
View Spotify Technology's Short Interest.

When is Spotify Technology's next earnings date?

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, February 2nd 2022.
View our earnings forecast for Spotify Technology.

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 the consensus estimate of $2.44 billion. Spotify Technology had a negative net margin of 1.31% and a negative trailing twelve-month return on equity of 4.29%. The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period last year, the company earned ($0.68) EPS.
View Spotify Technology's earnings history.

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

Spotify Technology updated its fourth quarter 2021 earnings guidance on Wednesday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.06 billion-$3.23 billion, compared to the consensus revenue estimate of $3.04 billion.

What price target have analysts set for SPOT?

25 brokers have issued 12-month target prices for Spotify Technology's stock. Their forecasts range from $170.00 to $425.00. On average, they expect Spotify Technology's share price to reach $309.13 in the next twelve months. This suggests a possible upside of 27.1% 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:

• Daniel Ek, Chairman & Chief Executive Officer
• Paul Aaron Vogel, Chief Financial Officer
• Stig Gustav Victor Söderström, Chief Research & Development Officer
• Dawn Ostroff, Chief Content & Advertising Business Officer
• Alex Norstrom, Chief Premium Business Officer

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?

Some companies that are related to Spotify Technology include Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Audacy (AUD), Urban One (UONE), Cumulus Media (CMLS), Townsquare Media (TSQ), Urban One (UONEK), Saga Communications (SGA), iHeartMedia (IHRTQ), Salem Media Group (SALM), Beasley Broadcast Group (BBGI), Spanish Broadcasting System (SBSAA), CÜR Media (CURM) and Interep National Radio Sales (IREP).
View all of SPOT's 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 Walt Disney (DIS).

When did Spotify Technology IPO?

(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 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 many different retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (12.46%), Morgan Stanley (7.46%), BlackRock Inc. (2.05%), Nikko Asset Management Americas Inc. (1.15%), Wellington Management Group LLP (1.08%) and Jennison Associates LLC (0.00%).

Which major investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Jennison Associates LLC, Voya Investment Management LLC, Massachusetts Financial Services Co. MA, Royal Bank of Canada, California State Teachers Retirement System, Citadel Advisors LLC, and Barclays PLC.

Which major investors are buying Spotify Technology stock?

SPOT stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Liontrust Investment Partners LLP, Bamco Inc. NY, Wellington Management Group LLP, IMC Chicago LLC, Two Sigma Advisers LP, Comgest Global Investors S.A.S., and Jane Street Group 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 $243.17.

How much money does Spotify Technology make?

Spotify Technology has a market capitalization of $43.59 billion and generates $9.00 billion in revenue each year. The company earns $-663.68 million in net income (profit) each year or ($1.80) on an earnings per share basis.

How many employees does Spotify Technology have?

Spotify Technology employs 3,651 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].