Most-Upgraded StocksMost-UpgradedNYSE:SPOT Spotify Technology (SPOT) Stock Price, News & Analysis $322.77 -5.86 (-1.78%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$319.07▼$331.9250-Day Range$290.15▼$346.2952-Week Range$145.76▼$359.38Volume1.16 million shsAverage Volume1.41 million shsMarket Capitalization$64.25 billionP/E RatioN/ADividend YieldN/APrice Target$356.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Spotify Technology alerts: Email Address Spotify Technology MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside10.4% Upside$356.38 Price TargetShort InterestHealthy1.66% of Float Sold ShortDividend StrengthN/ASustainability-0.66Upright™ Environmental ScoreNews Sentiment0.40Based on 20 Articles This WeekInsider TradingN/AProj. Earnings Growth37.83%From $6.37 to $8.78 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.28 out of 5 starsBusiness Services Sector48th out of 303 stocksRadio Broadcasting Stations Industry3rd out of 9 stocks 3.4 Analyst's Opinion Consensus RatingSpotify Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 23 buy ratings, 6 hold ratings, and 1 sell rating.Amount of Analyst CoverageSpotify Technology has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Spotify Technology's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.66% of the float of Spotify Technology has been sold short.Short Interest Ratio / Days to CoverSpotify Technology has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Spotify Technology has recently increased by 8.84%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSpotify Technology does not currently pay a dividend.Dividend GrowthSpotify Technology does not have a long track record of dividend growth. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSpotify Technology has received a 68.86% net impact score from Upright. See details.Environmental SustainabilityThe Environmental Impact score for Spotify Technology is -0.66. Previous Next 1.3 News and Social Media Coverage News SentimentSpotify Technology has a news sentiment score of 0.40. 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 0.55 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Spotify Technology this week, compared to 29 articles on an average week.Search InterestOnly 23 people have searched for SPOT on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Spotify Technology insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.40% of the stock of Spotify Technology is held by insiders.Percentage Held by Institutions84.09% of the stock of Spotify Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Spotify Technology's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Spotify Technology are expected to grow by 37.83% in the coming year, from $6.37 to $8.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify Technology is -481.74, 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 Technology is -481.74, 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 Technology has a P/B Ratio of 14.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Spotify Technology's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm Press Fmr CIA Advisor reveals PEACEMAKER superweaponKamala cannot get the “codes” to this superweapon. In Trump’s hands, it will restore America’s global dominance. It could also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.Full details are in this announcement. About Spotify Technology Stock (NYSE:SPOT)Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. This segment sells directly to the end users. 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 users on their computers, tablets, and compatible mobile devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is based in Luxembourg City, Luxembourg.Read More SPOT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SPOT Stock News HeadlinesSeptember 7 at 6:55 AM | americanbankingnews.comSpotify Technology (NYSE:SPOT) Now Covered by Cantor FitzgeraldSeptember 6 at 8:44 PM | msn.comSpotify’s Evolving Playlist Daylist Reaches Global AudienceSeptember 7, 2024 | Paradigm Press (Ad) Fmr CIA Advisor reveals PEACEMAKER superweaponKamala cannot get the “codes” to this superweapon. In Trump’s hands, it will restore America’s global dominance. It could also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.September 6 at 3:43 PM | benzinga.comSpotlight on Spotify Technology: Analyzing the Surge in Options ActivitySeptember 6 at 11:48 AM | msn.comCantor Fitzgerald Initiates Coverage of Spotify Technology (SPOT) with Neutral RecommendationSeptember 5 at 6:13 PM | nasdaq.comCantor Fitzgerald Initiates Coverage of Spotify Technology (LSE:0SPT) with Neutral RecommendationSeptember 4 at 1:02 PM | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Apple (AAPL) and Gitlab (GTLB)September 4 at 1:02 PM | finance.yahoo.comSpotify Technology and Lamb Weston have been highlighted as Zacks Bull and Bear of the DaySeptember 7, 2024 | Paradigm Press (Ad) Fmr CIA Advisor reveals PEACEMAKER superweaponKamala cannot get the “codes” to this superweapon. In Trump’s hands, it will restore America’s global dominance. It could also help Americans struggling under Bidenomics by potentially sending 5 military stocks SOARING. Historically, similar stocks have shot up 16,270% in just 18 months.September 4 at 8:02 AM | msn.comWill Spotify Technology S.A. (SPOT) be Able to Improve its Value Proposition?September 3, 2024 | markets.businessinsider.comMorgan Stanley Remains a Buy on Spotify Technology SA (SPOT)September 2, 2024 | fool.comUp 82% This Year, Should Investors Still Buy This Red-Hot Growth Stock?September 2, 2024 | msn.comSpotify Accuses Apple of Unfair Practices in Volume Control RestrictionsAugust 30, 2024 | msn.comSpotify Says iPhone Volume Button Control Disabled Due to Apple’s Technology RestrictionsAugust 30, 2024 | yahoo.comSpotify says Apple 'discontinued' the tech for some of its volume controls on iOSAugust 30, 2024 | msn.comSpotify calls out Apple for removing volume control for connected devicesAugust 30, 2024 | macrumors.comSpotify Blames Apple for Loss of iPhone Volume Button Control of Connected DevicesAugust 30, 2024 | americanbankingnews.comSpotify Technology (NYSE:SPOT) Price Target Raised to $460.00 at Evercore ISISee More Headlines Receive SPOT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Spotify Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/23/2024Today9/07/2024Next Earnings (Estimated)10/22/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorBusiness Services Industry Radio broadcasting stations Sub-IndustryCommunication Current SymbolNYSE:SPOT CUSIPN/A CIK1639920 Webwww.spotify.com Phone46-7-022-046-07FaxN/AEmployees9,123Year Founded2006Price Target and Rating Average Stock Price Target$356.38 High Stock Price Target$460.00 Low Stock Price Target$190.00 Potential Upside/Downside+10.4%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage30 Analysts Profitability EPS (Most Recent Fiscal Year)($0.67) Trailing P/E RatioN/A Forward P/E Ratio50.67 P/E GrowthN/ANet Income$-575,780,000.00 Net Margins3.22% Pretax Margin2.66% Return on Equity15.23% Return on Assets5.30% Debt Debt-to-Equity Ratio0.31 Current Ratio1.56 Quick Ratio1.56 Sales & Book Value Annual Sales$14.34 billion Price / Sales4.48 Cash FlowN/A Price / Cash FlowN/A Book Value$23.04 per share Price / Book14.01Miscellaneous Outstanding Shares199,050,000Free Float189,439,000Market Cap$64.25 billion OptionableOptionable Beta1.57 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Daniel G. Ek (Age 41)Founder, CEO & Chairman Comp: $1.43MMr. Alex Norström (Age 46)Chief Business Officer & Co-President Comp: $407.75kMr. Gustav Söderström (Age 46)Co-President, Chief Product & Technology Officer Comp: $378.04kMr. Sven Martin Lorentzon (Age 55)Co-Founder & Director Mr. Paul Aaron Vogel (Age 51)Chief Financial Officer Comp: $616.33kMs. Dustee Tucker Jenkins (Age 45)Chief Public Affairs Officer Comp: $2.61MMr. Paul SawyerController & Chief Accounting OfficerMr. Bryan Daniel GoldbergHead of Investor RelationsMs. Eve Konstan (Age 55)General Counsel Ms. Katarina Berg (Age 56)Chief Human Resources Officer More ExecutivesKey CompetitorsT-Mobile USNASDAQ:TMUSOrangeNYSE:ORANChunghwa TelecomNYSE:CHTVodafone Group PublicNASDAQ:VODTelefónicaNYSE:TEFView All CompetitorsInstitutional OwnershipCim LLCSold 277 shares on 9/6/2024Ownership: 0.003%Sanctuary Advisors LLCBought 7,162 shares on 9/5/2024Ownership: 0.004%Coronation Fund Managers Ltd.Sold 165,175 shares on 9/4/2024Ownership: 0.038%Maven Securities LTDBought 905 shares on 8/29/2024Ownership: 0.000%Cetera Investment AdvisersBought 7,732 shares on 8/22/2024Ownership: 0.011%View All Institutional Transactions Should I Buy Spotify Technology Stock? SPOT Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Spotify Technology S.A.: Spotify Technology S.A. has consistently exceeded earnings per share (EPS) estimates, indicating strong financial performance. Analysts have set high price targets for Spotify Technology S.A., suggesting potential for stock price appreciation. Spotify Technology S.A. has shown revenue growth year-over-year, demonstrating a positive trend in its financial performance. Positive analyst ratings and a consensus rating of "Moderate Buy" indicate confidence in the company's future prospects. Spotify Technology S.A. operates in the radio broadcasting stations industry, which has the potential for continued growth and innovation. Cons Investors should be bearish about investing in Spotify Technology S.A. for these reasons: Despite revenue growth, Spotify Technology S.A. has a relatively low net margin of 3.22%, which may indicate profitability challenges. There is a sell rating from one analyst, suggesting some concerns about the company's performance or future outlook. The stock price may be volatile, influenced by market conditions and competition in the audio streaming industry. While revenue is up, the company's return on equity of 15.23% may be considered moderate compared to industry peers. Investing in a company in the communication subindustry may pose risks related to regulatory changes and technological disruptions. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com. SPOT Stock Analysis - Frequently Asked Questions How have SPOT shares performed this year? Spotify Technology's stock was trading at $187.91 at the start of the year. Since then, SPOT shares have increased by 71.8% and is now trading at $322.77. View the best growth stocks for 2024 here. How were Spotify Technology's earnings last quarter? Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings results on Tuesday, July, 23rd. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.08 by $0.25. Spotify Technology's revenue was up 19.8% compared to the same quarter last year. 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. Does Spotify Technology have any subsidiaries? Spotify Technology subsidiaries include Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and more. When did Spotify Technology IPO? Spotify Technology (SPOT) raised $0 in an initial public offering (IPO) on Tuesday, April 3rd 2018. The company issued 0 shares at $0.00 per share. None served as the underwriter for the IPO. Who are Spotify Technology's major shareholders? Spotify Technology's top institutional investors include Baillie Gifford & Co. (8.09%), Austin Private Wealth LLC, Massachusetts Financial Services Co. MA (1.70%) and Acadian Asset Management LLC (0.82%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Spotify Technology own? Based on aggregate information from My MarketBeat watchlists, some other companies that Spotify Technology investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Block (SQ), Advanced Micro Devices (AMD) and PayPal (PYPL). This page (NYSE:SPOT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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