NYSE:SPOT

Spotify Technology Stock Forecast, Price & News

$240.59
-3.05 (-1.25 %)
(As of 07/26/2021 12:00 AM ET)
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Today's Range
$235.13
$241.59
50-Day Range
$220.31
$275.59
52-Week Range
$211.10
$387.44
Volume1.93 million shs
Average Volume985,467 shs
Market Capitalization$43.13 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.53
30 days | 90 days | 365 days | Advanced Chart
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Spotify Technology logo

About Spotify Technology

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.

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Industry, Sector and Symbol

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Profitability

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MarketRank

Overall MarketRank

1.46 out of 5 stars

Business Services Sector

333rd out of 1,086 stocks

Radio Broadcasting Stations Industry

15th out of 42 stocks

Analyst Opinion: 3.1Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Spotify Technology (NYSE:SPOT) Frequently Asked Questions

Is Spotify Technology a buy right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last year. There are currently 4 sell ratings, 10 hold ratings and 10 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.

What stocks does MarketBeat like better than Spotify Technology?

Wall Street analysts have given Spotify Technology a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Spotify Technology wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Spotify Technology's next earnings date?

Spotify Technology is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Spotify Technology
.

How can I listen to Spotify Technology's earnings call?

Spotify Technology will be holding an earnings conference call on Wednesday, July 28th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) issued its quarterly earnings results on Wednesday, April, 28th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.56) by $0.31. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.15 billion. Spotify Technology had a negative trailing twelve-month return on equity of 20.47% and a negative net margin of 6.60%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.20) EPS.
View Spotify Technology's earnings history
.

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

Spotify Technology's stock was trading at $135.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SPOT shares have increased by 78.1% and is now trading at $240.59.
View which stocks have been most impacted by COVID-19
.

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

Spotify Technology updated its FY 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $10.99 billion-$11.47 billion, compared to the consensus revenue estimate of $11.32 billion.

What price target have analysts set for SPOT?

24 brokers have issued 1-year target prices for Spotify Technology's shares. Their forecasts range from $170.00 to $425.00. On average, they anticipate Spotify Technology's stock price to reach $309.60 in the next twelve months. This suggests a possible upside of 28.7% 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:
  • Mr. Daniel G. Ek, Founder, CEO & Chairman (Age 38, Pay $490.33k)
  • Mr. Sven Martin Lorentzon, Co-Founder & Director (Age 52)
  • Mr. Paul Aaron Vogel, Chief Financial Officer (Age 48, Pay $629.54k)
  • Mr. Alex Norström, Chief Freemium Bus. Officer (Age 44, Pay $481.39k)
  • Mr. Gustav Söderström, Chief R&D Officer (Age 44, Pay $460.41k)
  • Ms. Dawn Ostroff, Chief Content & Advter. Bus. Officer (Age 61, Pay $1.09M)
  • Mr. Paul Sawyer, Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg, Head of Investor Relations
  • Mr. Horacio Gutierrez, Head of Global Affairs & Chief Legal Officer (Age 56)
  • Ms. Katarina Berg, Chief HR Officer (Age 53)

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?

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 The Walt Disney (DIS).

When did Spotify Technology IPO?

(SPOT) raised $0 in an initial public offering (IPO) 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.

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 shareholders include Rheos Capital Works Inc. (0.03%), Scout Investments Inc. (0.03%), State of Alaska Department of Revenue (0.03%), Fulton Bank N.A. (0.00%), Golden Green Inc. (0.00%) and XR Securities LLC (0.00%).

Which institutional investors are selling Spotify Technology stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Raymond James Trust N.A., Mandatum Life Insurance Co Ltd, and Golden Green Inc..

Which institutional investors are buying Spotify Technology stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Scout Investments Inc., State of Alaska Department of Revenue, Rheos Capital Works Inc., XR Securities LLC, Alpha Cubed Investments LLC, and Fulton Bank N.A..

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 $240.59.

How much money does Spotify Technology make?

Spotify Technology has a market capitalization of $43.13 billion and generates $9.00 billion in revenue each year. The company earns $-663,680,000.00 in net income (profit) each year or ($3.54) 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]


This page was last updated on 7/27/2021 by MarketBeat.com Staff
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