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 shares have 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) posted its quarterly earnings results on Wednesday, April, 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.28. The firm earned $1.85 billion during the quarter, compared to the consensus estimate of $1.86 billion. Spotify had a negative net margin of 0.53% and a negative return on equity of 1.90%. The company's revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.79) EPS. View Spotify's earnings history.

Spotify updated its second quarter 2020 Pre-Market earnings guidance on Wednesday, April, 29th. The company provided EPS 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 Wall Street analysts 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 year. This suggests that the stock has a possible downside of 11.8%. View analysts' price targets for Spotify.

Media headlines about SPOT stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Spotify earned a media sentiment score of 1.6 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutSpotify.

Spotify saw a decrease in short interest in May. As of May 15th, there was short interest totaling 3,820,000 shares, a decrease of 6.1% from the April 30th total of 4,070,000 shares. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is currently 2.4 days. Approximately 3.2% of the company's shares 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 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.

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 purchased 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]tify.com.