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 stock has increased by 83.2% and is now trading at $247.47.
View which stocks have been most impacted by Coronavirus.

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."
View analyst ratings for Spotify.

Spotify is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Spotify.

Spotify (NYSE:SPOT) announced its quarterly earnings data on Wednesday, July, 29th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.49) by $1.42. The firm earned $1.89 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.42) EPS.
View Spotify's earnings history.

Spotify issued an update on 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 target prices for Spotify's shares. Their forecasts range from $110.00 to $357.00. On average, they anticipate Spotify's stock price to reach $226.27 in the next twelve months. This suggests that the stock has a possible downside of 8.6%.
View analysts' price targets for Spotify.

News articles about SPOT stock have been trending somewhat negative recently, according to InfoTrie. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Spotify earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact 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 July. As of July 15th, there was short interest totaling 3,120,000 shares, a decrease 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 presently 1.1 days. Currently, 2.6% of the shares of the company are short sold.
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), 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).
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 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 retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.12%), Ardevora Asset Management LLP (0.12%), Raymond James & Associates (0.07%), Peregrine Capital Management LLC (0.06%), Scout Investments Inc. (0.06%) and Douglass Winthrop Advisors LLC (0.04%).

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

SPOT stock was purchased 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 $247.47.

Spotify has a market capitalization of $44.36 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]