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NYSE:SPOTSpotify Stock Price, Forecast & News

$248.01
-2.01 (-0.80 %)
(As of 08/5/2020 11:54 AM ET)
Add
Compare
Today's Range
$246.02
Now: $248.01
$250.68
50-Day Range
$180.07
MA: $257.86
$291.19
52-Week Range
$109.18
Now: $248.01
$299.67
Volume27,483 shs
Average Volume2.70 million shs
Market Capitalization$44.46 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.59
Spotify Technology S.A., together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog. The Ad-Supported segment provides ad-supported users with limited on-demand online access to its catalog. As of December 31, 2018, the company's platform included 207 million monthly active users and 96 million premium subscribers in approximately 78 countries and territories. Spotify Technology S.A. was founded in 2006 and is based in Luxembourg City, Luxembourg.
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Spotify logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

Industry Radio broadcasting stations
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone46-7-022-046-07

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.58 billion
Book Value$13.04 per share

Profitability

Net Income$-208,320,000.00

Miscellaneous

Employees4,405
Market Cap$44.46 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$248.01
-2.01 (-0.80 %)
(As of 08/5/2020 11:54 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Spotify (NYSE:SPOT) Frequently Asked Questions

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

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 83.2% and is now trading at $247.47.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Spotify?

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
.

When is Spotify's next earnings date?

Spotify is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Spotify
.

How were Spotify's earnings last quarter?

Spotify (NYSE:SPOT) announced its quarterly earnings data on Wednesday, July, 29th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.49) by $1.42. The firm earned $1.89 billion during the quarter, compared to analysts' expectations of $1.93 billion. Spotify had a negative return on equity of 15.49% and a negative net margin of 4.28%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.42) EPS.
View Spotify's earnings history
.

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

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

What price target have analysts set for SPOT?

28 Wall Street analysts have issued 1-year target prices for Spotify's shares. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify's stock price to reach $226.27 in the next twelve months. This suggests that the stock has a possible downside of 8.6%.
View analysts' price targets for Spotify
.

Has Spotify been receiving favorable news coverage?

News articles about SPOT stock have been trending somewhat negative recently, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. 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 -1.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the next few days.
View the latest news about Spotify
.

Are investors shorting Spotify?

Spotify saw a decrease in short interest in July. As of July 15th, there was short interest totaling 3,120,000 shares, a decrease of 22.4% from the June 30th total of 4,020,000 shares. Based on an average daily volume of 2,950,000 shares, the short-interest ratio is presently 1.1 days. Currently, 2.6% of the shares of the company are short sold.
View Spotify's Current Options Chain
.

Who are some of Spotify's key competitors?

What other stocks do shareholders of Spotify own?

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).

Who are Spotify's key executives?

Spotify's management team includes the following people:
  • Mr. Daniel G. Ek, Co-Founder, CEO & Chairman (Age 36)
  • Mr. Martin Lorentzon Sven, Co-Founder & Director (Age 50)
  • Mr. W. Barry McCarthy Jr., Chief Financial Officer (Age 65)
  • Mr. Alex Norström, Chief Premium Bus. Officer (Age 42)
  • Mr. Gustav Söderström, Chief R&D Officer (Age 42)

When did Spotify IPO?

(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.

What is Spotify's stock symbol?

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

Who are Spotify's major shareholders?

Spotify's stock is owned by a number of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.12%), Ardevora Asset Management LLP (0.12%), Raymond James & Associates (0.07%), Peregrine Capital Management LLC (0.06%), Scout Investments Inc. (0.06%) and Douglass Winthrop Advisors LLC (0.04%).

Which institutional investors are selling Spotify stock?

SPOT stock was sold by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Raymond James Financial Services Advisors Inc., DekaBank Deutsche Girozentrale, Mount Yale Investment Advisors LLC, New York State Teachers Retirement System, Cumberland Partners Ltd, World Asset Management Inc, and Tower View Investment Management & Research LLC.

Which institutional investors are buying Spotify stock?

SPOT stock was purchased by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Scout Investments Inc., First Trust Advisors LP, Douglass Winthrop Advisors LLC, Prudential PLC, Envestnet Asset Management Inc., Raymond James & Associates, and State of Alaska Department of Revenue.

How do I buy shares of Spotify?

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.

What is Spotify's stock price today?

One share of SPOT stock can currently be purchased for approximately $247.47.

How big of a company is Spotify?

Spotify has a market capitalization of $44.36 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.

What is Spotify's official website?

The official website for Spotify is www.spotify.com.

How can I contact Spotify?

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]

This page was last updated on 8/5/2020 by MarketBeat.com Staff

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