NYSE:SPOTSpotify Stock Price, Forecast & News

Spotify's stock was trading at $135.06 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SPOT stock has decreased by 2.4% and is now trading at $131.86. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 3 sell ratings, 6 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 Wednesday, April 29th 2020. View our earnings forecast for Spotify.

Spotify will be holding an earnings conference call on Wednesday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

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 analysts have issued 12-month price objectives for Spotify's stock. Their forecasts range from $110.00 to $195.00. On average, they expect Spotify's stock price to reach $160.42 in the next year. This suggests a possible upside of 21.7% from the stock's current price. View analysts' price targets for Spotify.

Media stories about SPOT stock have been trending very negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spotify earned a news impact score of -3.3 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutSpotify.

Some companies that are related to Spotify include Sirius XM (SIRI), Tencent Music Entertainment Group (TME), Corus Entertainment (CJREF), Akazoo (SONG), Entercom Communications (ETM), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), Urban One (UONE), Urban One (UONEK), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Salem Media Group (SALM) 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), Boeing (BA), Verizon Communications (VZ), Walt Disney (DIS) and Square (SQ).

(SPOT) raised $0 in an IPO 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 many different retail and institutional investors. Top institutional shareholders include IBM Retirement Fund (0.00%) and Kistler Tiffany Companies LLC (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Kistler Tiffany Companies LLC.

SPOT stock was acquired by a variety of institutional investors in the last quarter, including IBM Retirement Fund.

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 $131.86.

Spotify has a market capitalization of $23.64 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. 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]