NYSE:SPOT

Spotify Technology - SPOT Stock Forecast, Price & News

$123.63

+0.90 (+0.73%)

(As of 08/12/2022 12:00 AM ET)

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Today's Range: $121.85
▼
$124.68
50-Day Range: $93.83
▼
$123.63
52-Week Range: $89.03
▼
$305.60

Volume: 910,242 shs
Average Volume: 2.02 million shs
Market Capitalization: $23.52 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $183.65

Spotify Technology MarketRank™ Forecast

Analyst Rating: Hold
2.46 Rating Score
Upside/Downside: 48.6% Upside
$183.65 Price Target
Short Interest: Healthy
3.04% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.66
Upright™ Environmental Score
News Sentiment: 0.12
Based on 21 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.03) to ($0.84) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Business Services Sector

96th out of 335 stocks

Radio Broadcasting Stations Industry

4th out of 10 stocks

4.2

Analyst's Opinion

Consensus Rating
Spotify Technology has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 13 buy ratings, 12 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $183.65, Spotify Technology has a forecasted upside of 48.6% from its current price of $123.63.
Amount of Analyst Coverage
Spotify Technology has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
3.04% of the float of Spotify Technology has been sold short.
Short Interest Ratio / Days to Cover
Spotify Technology has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Spotify Technology has recently increased by 1.56%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Spotify Technology does not currently pay a dividend.
Dividend Growth
Spotify Technology does not have a long track record of dividend growth.

4.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Spotify Technology has received a 68.86% net impact score from Upright. See details.
Environmental Sustainability
The Environmental Impact score for Spotify Technology is -0.66.

2.3

News and Social Media Coverage

News Sentiment
Spotify Technology has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Spotify Technology this week, compared to 22 articles on an average week.
Search Interest
38 people have searched for SPOT on MarketBeat in the last 30 days. This is an increase of 41% compared to the previous 30 days.
MarketBeat Follows
192 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 2,300% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Spotify Technology insiders have not sold or bought any company stock.
Percentage Held by Institutions
56.36% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Spotify Technology are expected to grow in the coming year, from ($2.03) to ($0.84) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Spotify Technology is -88.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Spotify Technology is -88.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Spotify Technology has a P/B Ratio of 9.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Spotify Technology (NYSE:SPOT) Stock

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.

Analyst Ratings Changes

Several equities analysts recently issued reports on SPOT shares. Rosenblatt Securities upped their price objective on Spotify Technology from $101.00 to $118.00 and gave the company a "neutral" rating in a research report on Thursday, July 28th. Redburn Partners raised Spotify Technology from a "sell" rating to a "neutral" rating in a research report on Monday, April 25th. Truist Financial lowered their price objective on Spotify Technology from $210.00 to $150.00 in a research report on Thursday, April 28th. KeyCorp lowered their price objective on Spotify Technology from $210.00 to $146.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 26th. Finally, Morgan Stanley lowered their price objective on Spotify Technology from $170.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, Spotify Technology presently has a consensus rating of "Hold" and an average price target of $183.65.

Spotify Technology Stock Performance

SPOT Stock opened at $123.63 on Friday. The firm has a market cap of $23.52 billion, a price-to-earnings ratio of -88.94 and a beta of 1.83. The firm has a 50-day simple moving average of $107.43 and a two-hundred day simple moving average of $125.94. Spotify Technology has a one year low of $89.03 and a one year high of $305.60.

Spotify Technology (NYSE:SPOT - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.85) EPS for the quarter, missing analysts' consensus estimates of ($0.68) by ($0.17). Spotify Technology had a negative return on equity of 1.15% and a negative net margin of 0.24%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the business earned ($0.23) EPS. Spotify Technology's revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, equities analysts predict that Spotify Technology will post -2.03 earnings per share for the current fiscal year.

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SPOT Stock News Headlines

August 12, 2022 | msn.com

Pudding.Cool For Spotify: The AI That Judges Your Bad Taste In Music

August 12, 2022 | msn.com

How to cancel your Spotify account

August 13, 2022 | Chaikin Analytics (Ad)

Is Apple Pointing to a Massive Recession in the U.S.?

Apple (AAPL) is making moves behind the scenes to prepare for a downturn…Bloomberg recently reported that the tech giant plans to freeze hiring in some divisions- while remaining cautious on spending through next year. And the thing is, Apple isn’t alone…Bottom-line: Apple might be pointing to a massive recession in the U.S. If you have any serious assets in the market, there is one critical step you must take now.

August 12, 2022 | msn.com

Spotify is testing its own concert ticketing platform Heres all that you need to know

August 11, 2022 | msn.com

Can You See Who Liked Your Playlist On Spotify?

August 11, 2022 | msn.com

How Spotify's New Home Feeds Help You Discover What to Listen to Next

August 11, 2022 | msn.com

Google Meet adds live sharing for Spotify songs, YouTube videos and games

August 11, 2022 | msn.com

Spotify update makes songs and podcasts easier to find in separate home feeds

August 13, 2022 | RJO Futures (Ad)

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August 10, 2022 | finance.yahoo.com

Apple Ramps Up Its In-House Podcasting Efforts With Studio Deal

August 10, 2022 | msn.com

Spotify is finally redesigning its app to improve music and podcast discovery

August 10, 2022 | finance.yahoo.com

Spotify launches new site to sell live music tickets directly to fans

August 10, 2022 | msn.com

How to link Spotify to your Discord account

August 10, 2022 | americanbankingnews.com

Spotify Technology S.A. (NYSE:SPOT) to Post Q3 2022 Earnings of ($0.63) Per Share, Jefferies Financial Group Forecasts

August 9, 2022 | msn.com

Spotify Pie Chart: See Your Music Tastes In One Place

August 9, 2022 | techcrunch.com

Spotify updates its home screen with new discovery feeds for music and podcasts

August 9, 2022 | americanbankingnews.com

Spotify Technology S.A. (NYSE:SPOT) Receives Average Rating of "Hold" from Analysts

August 9, 2022 | americanbankingnews.com

Analysts Set Spotify Technology S.A. (NYSE:SPOT) Target Price at $185.16

August 8, 2022 | msn.com

How to Hide Your Listening Activity From Friends on Spotify

August 6, 2022 | americanbankingnews.com

Analyzing Spotify Technology (NYSE:SPOT) & iHeartMedia (NASDAQ:IHRT)

August 4, 2022 | msn.com

Switching from Spotify to YouTube Music: Everything you need to know

August 3, 2022 | americanbankingnews.com

Spotify Technology S.A. (NYSE:SPOT) Expected to Post Q3 2022 Earnings of ($0.90) Per Share

August 2, 2022 | msn.com

Spotify Premium customers are getting separate play and shuffle buttons

August 2, 2022 | msn.com

Spotify will let some users play or shuffle albums the way they like

August 2, 2022 | finance.yahoo.com

TikTok's Upcoming Music Streaming Could Hurt Spotify's Business

August 2, 2022 | msn.com

Spotify is splitting the play and shuffle buttons — but there's a catch

August 2, 2022 | msn.com

Spotify is making a big change that only paying subscribers will benefit from

See More Headlines

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SPOT Company Calendar

Last Earnings: 7/27/2022
Today: 8/13/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Radio broadcasting stations
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NYSE:SPOT
CUSIP: N/A
CIK: 1639920
Web: www.spotify.com
Phone: 46-7-022-046-07
Fax: N/A
Employees: 6,617
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $183.65
High Stock Price Forecast: $300.00
Low Stock Price Forecast: $110.00
Forecasted Upside/Downside: +48.6%
Consensus Rating: Hold
Rating Score (0-4): 2.46
Research Coverage: 26 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-40,220,000.00
Net Margins: -0.24%
Pretax Margin: 2.14%
Return on Equity: -1.15%
Return on Assets: -0.35%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.36
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: $11.44 billion
Price / Sales: 2.06
Cash Flow: $0.58 per share
Price / Cash Flow: 212.18
Book Value: $12.87 per share
Price / Book: 9.61

Miscellaneous

Outstanding Shares: 190,210,000
Free Float: N/A
Market Cap: $23.52 billion
Optionable: Optionable
Beta: 1.83

Key Executives

Mr. Daniel G. Ek (Age 39)
Founder, CEO & Chairman
Comp: $104.89k
Mr. Sven Martin Lorentzon (Age 53)
Co-Founder & Director
Mr. Paul Aaron Vogel (Age 49)
Chief Financial Officer
Comp: $608.7k
Mr. Alex Norström (Age 45)
Chief Freemium Bus. Officer
Comp: $438.05k
Mr. Gustav Söderström (Age 44)
Chief R&D Officer
Comp: $427.03k
Ms. Dawn Ostroff (Age 62)
Chief Content & Advter. Bus. Officer
Comp: $1.39M
Mr. Paul Sawyer
Controller & Chief Accounting Officer
Mr. Bryan Daniel Goldberg
Head of Investor Relations
Ms. Eve Konstan (Age 53)
Gen. Counsel
Ms. Dustee Tucker Jenkins (Age 43)
Global Head of Public Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?: 26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SPOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPOT, but not buy additional shares or sell existing shares.
View SPOT analyst ratings or view top-rated stocks.
What is Spotify Technology's stock price forecast for 2022?: 26 brokerages have issued 1 year target prices for Spotify Technology's shares. Their SPOT share price forecasts range from $110.00 to $300.00. On average, they anticipate the company's stock price to reach $183.65 in the next year. This suggests a possible upside of 48.6% from the stock's current price.
View analysts price targets for SPOT or view top-rated stocks among Wall Street analysts.
How have SPOT shares performed in 2022?: Spotify Technology's stock was trading at $234.03 at the beginning of the year. Since then, SPOT shares have decreased by 47.2% and is now trading at $123.63.
View the best growth stocks for 2022 here.
When is Spotify Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our SPOT earnings forecast.
How were Spotify Technology's earnings last quarter?: Spotify Technology S.A. (NYSE:SPOT) released its quarterly earnings results on Wednesday, July, 27th. The company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.68) by $0.17. The firm earned $2.86 billion during the quarter, compared to analysts' expectations of $2.82 billion. Spotify Technology had a negative trailing twelve-month return on equity of 1.15% and a negative net margin of 0.24%. The company's revenue was up 22.9% compared to the same quarter last year. During the same period last year, the business earned ($0.23) earnings per share.
What guidance has Spotify Technology issued on next quarter's earnings?: Spotify Technology issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.20 billion-$3.20 billion, compared to the consensus revenue estimate of $3.02 billion.
What is Daniel Ek's approval rating as Spotify Technology's CEO?: 343 employees have rated Spotify Technology Chief Executive Officer Daniel Ek on Glassdoor.com. Daniel Ek has an approval rating of 93% among the company's employees. This puts Daniel Ek in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Spotify Technology own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify Technology investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Block (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), Salesforce (CRM), Shopify (SHOP) and Walt Disney (DIS).
When did Spotify Technology 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 served as the underwriter for the IPO.
What is Spotify Technology's stock symbol?: Spotify Technology trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPOT."
Who are Spotify Technology's major shareholders?: Spotify Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (13.77%), Alecta Tjanstepension Omsesidigt (1.46%), ARK Investment Management LLC (1.07%), Jennison Associates LLC (1.00%), Liontrust Investment Partners LLP (0.81%) and Sumitomo Mitsui Trust Holdings Inc. (0.38%).
How do I buy shares of Spotify Technology?: Shares of SPOT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Spotify Technology's stock price today?: One share of SPOT stock can currently be purchased for approximately $123.63.
How much money does Spotify Technology make?: Spotify Technology (NYSE:SPOT) has a market capitalization of $23.52 billion and generates $11.44 billion in revenue each year. The company earns $-40,220,000.00 in net income (profit) each year or ($1.39) on an earnings per share basis.
How many employees does Spotify Technology have?: The company employs 6,617 workers across the globe.
How can I contact Spotify Technology?: Spotify Technology's mailing address is 42-44 AVENUE DE LA GARE, LUXEMBOURG N4, L-1610. The official website for the company is www.spotify.com. The company can be reached via phone at 46-7-022-046-07 or via email at ir@spotify.com.

This page (NYSE:SPOT) was last updated on 8/13/2022 by MarketBeat.com Staff

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Spotify Technology - SPOT Stock Forecast, Price & News

Spotify Technology MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Spotify Technology (NYSE:SPOT) Stock

Analyst Ratings Changes

Spotify Technology Stock Performance

SPOT Stock News Headlines

SPOT Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SPOT Stock - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

What is Spotify Technology's stock price forecast for 2022?

How have SPOT shares performed in 2022?

When is Spotify Technology's next earnings date?

How were Spotify Technology's earnings last quarter?

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

What is Daniel Ek's approval rating as Spotify Technology's CEO?

What other stocks do shareholders of Spotify Technology own?

When did Spotify Technology IPO?

What is Spotify Technology's stock symbol?

Who are Spotify Technology's major shareholders?

How do I buy shares of Spotify Technology?

What is Spotify Technology's stock price today?

How much money does Spotify Technology make?

How many employees does Spotify Technology have?

How can I contact Spotify Technology?

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