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 (WHO). Since then, SPOT stock has increased by 86.7% and is now trading at $252.12.
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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."
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Spotify is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Spotify.

Spotify (NYSE:SPOT) posted its earnings results on Wednesday, July, 29th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.49) by $1.42. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates 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 was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.42) EPS.
View Spotify's earnings history.

Spotify updated 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.

28 brokers have issued 12-month price targets for Spotify's stock. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify's share price to reach $226.27 in the next twelve months. This suggests that the stock has a possible downside of 10.3%.
View analysts' price targets for Spotify.

Headlines about SPOT stock have been trending very positive on Saturday, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Spotify earned a media sentiment score of 4.0 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 effect on the stock's share price in the next few days.
View the latest news about Spotify.

Spotify saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,120,000 shares, a decrease of 22.4% from the July 15th total of 4,020,000 shares. Based on an average daily volume of 2,950,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.6% of the shares of the stock are short sold.
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Some companies that are related to Spotify include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Urban One (UONE), Corus Entertainment (CJREF), Entercom Communications (ETM), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), Salem Media Group (SALM), MODERN MEDIA AC/SH SH (MMDM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM).
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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 institutional and retail investors. Top institutional investors include Jennison Associates LLC (1.66%), New York State Common Retirement Fund (0.15%), Russell Investments Group Ltd. (0.14%), First Trust Advisors LP (0.12%), Ardevora Asset Management LLP (0.12%) and State Board of Administration of Florida Retirement System (0.09%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Ardevora Asset Management LLP, Russell Investments Group Ltd., Cannell Peter B & Co. Inc., Ovata Capital Management Ltd, Raymond James Financial Services Advisors Inc., DekaBank Deutsche Girozentrale, Mount Yale Investment Advisors LLC, and New York State Teachers Retirement System.

SPOT stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Peregrine Capital Management LLC, Scout Investments Inc., First Trust Advisors LP, Douglass Winthrop Advisors LLC, Cookson Peirce & Co. Inc., Prudential PLC, and New York State Common 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 $252.12.

Spotify has a market capitalization of $45.19 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]