NYSE:SPOTSpotify Stock Price, Forecast & News

Spotify's stock was trading at $135.06 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SPOT stock has increased by 105.8% and is now trading at $277.93. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 5 sell ratings, 8 hold ratings and 13 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 will be holding an earnings conference call on Wednesday, July 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) issued its quarterly earnings data on Wednesday, April, 29th. The company reported ($0.20) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.48) by $0.28. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.86 billion. Spotify had a negative net margin of 0.53% and a negative return on equity of 1.90%. The firm's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned ($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.

26 brokerages have issued twelve-month price targets for Spotify's shares. Their forecasts range from $110.00 to $305.00. On average, they anticipate Spotify's share price to reach $194.92 in the next twelve months. This suggests that the stock has a possible downside of 29.9%. View analysts' price targets for Spotify.

Press coverage about SPOT stock has been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news 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 negative five to positive five, with scores closest to five being the most favorable. Spotify earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Spotify.

Spotify saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,710,000 shares, an increase of 14.3% from the May 31st total of 4,120,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is currently 2.8 days. Approximately 3.9% of the shares of the company are sold short. View Spotify's Current Options Chain.

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), Urban One (UONEK), Townsquare Media (TSQ), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), MODERN MEDIA AC/SH SH (MMDM), Salem Media Group (SALM), Emmis Communications (EMMS), Spanish Broadcasting System (SBSAA) and CUR Media (CURM). 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 (IPO) 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 variety of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.02%), State of Alaska Department of Revenue (0.01%), Mount Yale Investment Advisors LLC (0.01%), Fulton Bank N. A. (0.00%), Legacy Advisors LLC (0.00%) and Arden Trust Co (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Mount Yale Investment Advisors LLC, Arden Trust Co, Legacy Advisors LLC, and Parkside Advisors LLC.

SPOT stock was bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., State of Alaska Department of Revenue, Fulton Bank N. A., Paragon Advisors LLC, Wiley BROS. Aintree Capital LLC, Symphony Financial Ltd. Co., BEAM Asset Management LLC, and Ellevest Inc..

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 $277.93.

Spotify has a market capitalization of $49.82 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]