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. Since then, SPOT stock has increased by 84.7% and is now trading at $249.51.
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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) released its quarterly earnings results on Wednesday, July, 29th. The company reported ($1.91) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.49) by $1.42. The company earned $1.89 billion during the quarter, compared to analyst estimates of $1.93 billion. Spotify had a negative net margin of 4.28% and a negative return on equity of 15.49%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.42) earnings per share.
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 Wall Street analysts have issued 1 year price objectives for Spotify's shares. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify's share price to reach $226.27 in the next year. This suggests that the stock has a possible downside of 9.3%.
View analysts' price targets for Spotify.

News headlines about SPOT stock have been trending somewhat negative recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Spotify earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near future.
View the latest news about Spotify.

Spotify saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,120,000 shares, a drop 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 currently 1.1 days. Approximately 2.6% of the company's 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 (IPO) 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.

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 shareholders include Russell Investments Group Ltd. (0.14%), First Trust Advisors LP (0.12%), Ardevora Asset Management LLP (0.12%), Raymond James & Associates (0.07%), Peregrine Capital Management LLC (0.06%) and Scout Investments Inc. (0.06%).

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

SPOT stock was bought 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.

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 $249.51.

Spotify has a market capitalization of $44.72 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]