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 shares have increased by 94.0% and is now trading at $261.99. 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 results on Wednesday, April, 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.28. The business earned $1.85 billion during the quarter, compared to analysts' expectations of $1.86 billion. Spotify had a negative net margin of 0.53% and a negative return on equity of 1.90%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.79) EPS. View Spotify's earnings history.

Spotify issued an update on 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 equities research analysts have issued 1-year price targets for Spotify's stock. Their forecasts range from $110.00 to $305.00. On average, they expect Spotify's stock price to reach $194.92 in the next year. This suggests that the stock has a possible downside of 25.6%. View analysts' price targets for Spotify.

Press coverage about SPOT stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Spotify earned a daily sentiment score of -2.1 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Spotify.

Spotify saw a increase in short interest in 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 volume of 1,710,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.9% of the company's stock 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), Urban One (UONEK), iHeartMedia (IHRTQ), 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 IPO 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."

Spotify's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.02%), State of Alaska Department of Revenue (0.01%), Fulton Bank N. A. (0.00%), Parkside Advisors LLC (0.00%), Paragon Advisors LLC (0.00%) and Wiley BROS. Aintree Capital LLC (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Parkside Advisors LLC.

SPOT stock was purchased 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 $261.99.

Spotify has a market capitalization of $46.96 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]