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 stock has increased by 40.8% and is now trading at $190.17. View which stocks have been most impacted by Coronavirus.

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 3 sell ratings, 8 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) announced its quarterly earnings data on Wednesday, April, 29th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.28. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.86 billion. Spotify had a negative return on equity of 1.90% and a negative net margin of 0.53%. The business's revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.79) EPS. View Spotify's earnings history.

Spotify issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, April, 29th. The company provided earnings per share 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.

22 analysts have issued 1-year target prices for Spotify's stock. Their forecasts range from $110.00 to $195.00. On average, they expect Spotify's share price to reach $161.65 in the next twelve months. This suggests that the stock has a possible downside of 15.0%. View analysts' price targets for Spotify.

Media coverage about SPOT stock has trended somewhat positive this week, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Spotify earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutSpotify.

Spotify saw a decline in short interest in May. As of May 15th, there was short interest totaling 3,820,000 shares, a decline of 6.1% from the April 30th total of 4,070,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.2% of the shares of the company are short sold. 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), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), Urban One (UONE), Akazoo (SONG), MODERN MEDIA AC/SH SH (MMDM), Urban One (UONEK), 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 IPO on Tuesday, April 3rd 2018. The company issued 0 shares at $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 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 bought 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 $190.17.

Spotify has a market capitalization of $34.09 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]