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. Since then, SPOT shares have increased by 106.0% and is now trading at $278.24. 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) released its earnings results on Wednesday, April, 29th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.48) by $0.28. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. Spotify had a negative return on equity of 1.90% and a negative net margin of 0.53%. The company's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous 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 (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 brokerages have issued 12 month target prices for Spotify's shares. Their forecasts range from $110.00 to $320.00. On average, they expect Spotify's stock price to reach $200.13 in the next year. This suggests that the stock has a possible downside of 28.1%. View analysts' price targets for Spotify.

News stories about SPOT stock have trended neutral this week, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing 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 coverage optimism score of 0.2 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Spotify.

Spotify saw a increase in short interest in 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 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), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), 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 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 variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.02%), State of Alaska Department of Revenue (0.01%), Mount Yale Investment Advisors LLC (0.01%), Fulton Bank N. A. (0.00%), Legacy Advisors LLC (0.00%) and Arden Trust Co (0.00%).

SPOT stock was sold by a variety of institutional investors in the last quarter, including Mount Yale Investment Advisors LLC, Arden Trust Co, Legacy Advisors LLC, and Parkside Advisors LLC.

SPOT stock was bought 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 $278.24.

Spotify has a market capitalization of $49.87 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]