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 101.0% and is now trading at $271.49. 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 4 sell ratings, 9 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 (NYSE:SPOT) announced its earnings results on Wednesday, April, 29th. The company reported ($0.20) EPS for the quarter, beating 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 business's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period last year, the company 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 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.

26 brokerages have issued 1 year target prices for Spotify's stock. Their forecasts range from $110.00 to $280.00. On average, they expect Spotify's share price to reach $187.92 in the next twelve months. This suggests that the stock has a possible downside of 30.8%. View analysts' price targets for Spotify.

Headlines about SPOT stock have trended negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Spotify earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near 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 presently 2.8 days. Currently, 3.9% 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), 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 on Tuesday, April 3rd 2018. The company issued 0 shares at $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."

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 $271.49.

Spotify has a market capitalization of $48.66 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]