NYSE:SPOT Spotify Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Spotify Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $239.34 +5.45 (+2.33 %) (As of 09/21/2020 12:00 AM ET) Add Compare Share Today's Range$230.13Now: $239.34▼$240.0050-Day Range$233.89MA: $255.57▼$291.7552-Week Range$109.18Now: $239.34▼$299.67Volume996,870 shsAverage Volume2.07 million shsMarket Capitalization$42.90 billionP/E RatioN/ADividend YieldN/ABeta1.57 ProfileAnalyst RatingsChartCompetitorsEarningsInstitutional OwnershipHeadlinesOptions ChainShort InterestSocial Media Spotify Technology S.A., together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog. The Ad-Supported segment provides ad-supported users with limited on-demand online access to its catalog. As of December 31, 2018, the company's platform included 207 million monthly active users and 96 million premium subscribers in approximately 78 countries and territories. Spotify Technology S.A. was founded in 2006 and is based in Luxembourg City, Luxembourg.Read More Beat the Market (BTM) Rank™ 2.1 Analyst's Opinion Consensus RatingSpotify has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 13 buy ratings, 9 hold ratings, and 6 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $230.12, Spotify has a forecasted downside of 3.9% from its current price of $239.34.Amount of Analyst CoverageSpotify has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.7 Community Rank Outperform VotesSpotify has received 251 “outperform” votes. (Add your “outperform” vote.)Underperform VotesSpotify has received 211 “underperform” votes. (Add your “underperform” vote.)Community SentimentSpotify has received 54.33% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Spotify and other stocks. Vote “Outperform” if you believe SPOT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SPOT will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldSpotify does not currently pay a dividend.Dividend GrowthSpotify does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spotify insiders have not sold or bought any company stock.Percentage Held by Institutions56.79% of the stock of Spotify is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Spotify are expected to grow in the coming year, from ($3.84) to ($1.82) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify is -75.50, 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. SectorThe P/E ratio of Spotify is -75.50, 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 RatioSpotify has a P/B Ratio of 18.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.1Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.29 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Radio broadcasting stations Sub-IndustryN/A SectorBusiness Services Current SymbolNYSE:SPOT Previous Symbol CUSIPN/A CIKN/A Webwww.spotify.com Phone46-7-022-046-07Debt Debt-to-Equity Ratio0.29 Current Ratio0.82 Quick Ratio0.82Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$7.58 billion Price / Sales5.66 Cash FlowN/A Price / Cash FlowN/A Book Value$12.73 per share Price / Book18.80Profitability EPS (Most Recent Fiscal Year)($1.15) Net Income$-208,320,000.00 Net Margins-4.28% Return on Equity-15.49% Return on Assets-6.07%Miscellaneous Employees4,405 Outstanding Shares179,247,000Market Cap$42.90 billion Next Earnings Date10/26/2020 (Estimated) OptionableOptionable $239.34 +5.45 (+2.33 %) (As of 09/21/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive SPOT News and Ratings via Email Sign-up to receive the latest news and ratings for SPOT and its competitors with MarketBeat's FREE daily newsletter. Spotify (NYSE:SPOT) Frequently Asked Questions How has Spotify's stock been impacted by Coronavirus? Spotify's stock was trading at $135.06 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SPOT shares have increased by 77.2% and is now trading at $239.34. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Spotify? 28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spotify in the last year. There are currently 6 sell ratings, 9 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Spotify. When is Spotify's next earnings date? Spotify is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020. View our earnings forecast for Spotify. How were Spotify's earnings last quarter? Spotify (NYSE:SPOT) posted its quarterly earnings data on Wednesday, July, 29th. The company reported ($1.91) EPS for the quarter, missing analysts' consensus estimates of ($0.49) by $1.42. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.93 billion. Spotify had a negative net margin of 4.28% and a negative return on equity of 15.49%. Spotify's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.42) EPS. View Spotify's earnings history. What guidance has Spotify issued on next quarter's earnings? Spotify updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, July, 29th. The company provided EPS 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. What price target have analysts set for SPOT? 28 equities research analysts have issued twelve-month 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 $230.12 in the next twelve months. This suggests that the stock has a possible downside of 3.9%. View analysts' price targets for Spotify. Who are some of Spotify's key competitors? Some companies that are related to Spotify include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Corus Entertainment (CJREF), Entercom Communications (ETM), Urban One (UONE), Cumulus Media (CMLS), iHeartMedia (IHRTQ), Townsquare Media (TSQ), Urban One (UONEK), 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. What other stocks do shareholders of Spotify own? Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Paypal (PYPL), Advanced Micro Devices (AMD), Square (SQ), salesforce.com (CRM), Shopify (SHOP) and Boeing (BA). Who are Spotify's key executives? Spotify's management team includes the following people: Mr. Daniel G. Ek, Co-Founder, CEO & Chairman (Age 36)Mr. Martin Lorentzon Sven, Co-Founder & Director (Age 50)Mr. W. Barry McCarthy Jr., Chief Financial Officer (Age 65)Mr. Alex Norström, Chief Premium Bus. Officer (Age 42)Mr. Gustav Söderström, Chief R&D Officer (Age 42) When did Spotify IPO? (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. What is Spotify's stock symbol? Spotify trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPOT." Who are Spotify's major shareholders? Spotify's stock is owned by a variety of institutional and retail investors. Top institutional investors include Jennison Associates LLC (1.66%), FMR LLC (0.76%), Nuveen Asset Management LLC (0.38%), Gilder Gagnon Howe & Co. LLC (0.33%), Mitsubishi UFJ Trust & Banking Corp (0.25%) and Neuberger Berman Group LLC (0.23%). Which major investors are selling Spotify stock? SPOT stock was sold by a variety of institutional investors in the last quarter, including Eminence Capital LP, Cadian Capital Management LP, Epoch Investment Partners Inc., Neuberger Berman Group LLC, Ninety One UK Ltd, Ardevora Asset Management LLP, FIL Ltd, and Russell Investments Group Ltd.. Which major investors are buying Spotify stock? SPOT stock was purchased by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Softbank Group Corp, FMR LLC, Marsico Capital Management LLC, Driehaus Capital Management LLC, black and white Capital LP, Peregrine Capital Management LLC, and Scout Investments Inc.. How do I buy shares of Spotify? 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. What is Spotify's stock price today? One share of SPOT stock can currently be purchased for approximately $239.34. How big of a company is Spotify? Spotify has a market capitalization of $42.90 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. What is Spotify's official website? The official website for Spotify is www.spotify.com. How can I contact Spotify? 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] This page was last updated on 9/22/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
