NYSE:SPOTSpotify Stock Price, Forecast & News

Spotify's stock was trading at $135.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SPOT shares have increased by 86.1% and is now trading at $251.32.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 6 sell ratings, 10 hold ratings and 12 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 Monday, October 26th 2020.
View our earnings forecast for Spotify.

Spotify (NYSE:SPOT) posted its quarterly earnings data on Wednesday, July, 29th. The company reported ($1.91) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.49) by $1.42. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.93 billion. Spotify had a negative return on equity of 15.49% and a negative net margin of 4.28%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.42) EPS.
View Spotify's earnings history.

Spotify issued an update on its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.04-2.258 billion, compared to the consensus revenue estimate of $2.37 billion.

28 Wall Street analysts have issued twelve-month target prices for Spotify's stock. Their forecasts range from $110.00 to $357.00. On average, they expect Spotify's share price to reach $226.27 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets for Spotify.

Press coverage about SPOT stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by reviewing 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 closest to five being the most favorable. Spotify earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Spotify.

Spotify saw a drop in short interest in June. As of June 30th, there was short interest totaling 4,020,000 shares, a drop of 15.4% from the June 15th total of 4,750,000 shares. Based on an average daily trading volume, of 2,680,000 shares, the short-interest ratio is presently 1.5 days. Currently, 3.3% of the company's shares are short sold.
View Spotify's Short Interest.

Some companies that are related to Spotify include Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Urban One (UONE), Corus Entertainment (CJREF), Entercom Communications (ETM), Cumulus Media (CMLS), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include NVIDIA (NVDA), Alibaba Group (BABA), Netflix (NFLX), Tesla (TSLA), Square (SQ), Paypal (PYPL), salesforce.com (CRM), Advanced Micro Devices (AMD), Shopify (SHOP) and Boeing (BA).

(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.

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

Spotify's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Jennison Associates LLC (1.66%), FMR LLC (0.76%), Gilder Gagnon Howe & Co. LLC (0.33%), Vanguard Group Inc. (0.21%), Epoch Investment Partners Inc. (0.16%) and Bank of New York Mellon Corp (0.16%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Cadian Capital Management LP, Epoch Investment Partners Inc., Ardevora Asset Management LLP, FIL Ltd, Russell Investments Group Ltd., Cannell Peter B & Co. Inc., D.A. Davidson & CO., and HighTower Advisors LLC.

SPOT stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, FMR LLC, Marsico Capital Management LLC, Driehaus Capital Management LLC, black and white Capital LP, Peregrine Capital Management LLC, Scout Investments Inc., and First Trust Advisors LP.

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 $251.32.

Spotify has a market capitalization of $45.05 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]