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NYSE:SPOT

Spotify Technology (SPOT) Stock Price, News & Analysis

Spotify Technology logo
$460.88 +6.72 (+1.48%)
(As of 12/20/2024 05:45 PM ET)

About Spotify Technology Stock (NYSE:SPOT)

Key Stats

Today's Range
$444.17
$464.46
50-Day Range
$366.75
$502.42
52-Week Range
$185.37
$506.47
Volume
1.83 million shs
Average Volume
2.06 million shs
Market Capitalization
$91.74 billion
P/E Ratio
125.24
Dividend Yield
N/A
Price Target
$429.96
Consensus Rating
Moderate Buy

Company Overview

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.

Spotify Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
74th Percentile Overall Score

SPOT MarketRank™: 

Spotify Technology scored higher than 74% of companies evaluated by MarketBeat, and ranked 88th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Spotify Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 22 buy ratings, 5 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Spotify Technology has been the subject of 17 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.
  • Earnings Growth

    Earnings for Spotify Technology are expected to grow by 47.18% in the coming year, from $6.02 to $8.86 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Spotify Technology is 125.24, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 112.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Spotify Technology is 125.24, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.49.

  • Price to Book Value per Share Ratio

    Spotify Technology has a P/B Ratio of 33.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    5.69% of the float of Spotify Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Spotify Technology has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Spotify Technology has recently increased by 85.71%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Spotify Technology does not currently pay a dividend.

  • Dividend Growth

    Spotify Technology does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    5.69% of the float of Spotify Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Spotify Technology has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Spotify Technology has recently increased by 85.71%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Spotify Technology has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Spotify Technology this week, compared to 30 articles on an average week.
  • Search Interest

    Only 36 people have searched for SPOT on MarketBeat in the last 30 days. This is a decrease of -51% compared to the previous 30 days.
  • MarketBeat Follows

    Only 19 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -32% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Spotify Technology insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.40% of the stock of Spotify Technology is held by insiders.

  • Percentage Held by Institutions

    84.09% 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.
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SPOT Stock News Headlines

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J.P. Morgan Sticks to Their Buy Rating for Spotify Technology SA (SPOT)
See More Headlines

SPOT Stock Analysis - Frequently Asked Questions

Spotify Technology's stock was trading at $187.91 at the beginning of the year. Since then, SPOT stock has increased by 145.3% and is now trading at $460.88.
View the best growth stocks for 2024 here
.

Spotify Technology S.A. (NYSE:SPOT) announced its quarterly earnings data on Tuesday, November, 12th. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.75 by $0.30. The business's revenue for the quarter was up 18.8% on a year-over-year basis.

Spotify Technology subsidiaries include these companies: Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and others.

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 acted as the underwriter for the IPO.

Top institutional shareholders of Spotify Technology include Baillie Gifford & Co. (7.82%), Wellington Management Group LLP (2.05%), WCM Investment Management LLC (1.95%) and Massachusetts Financial Services Co. MA (1.75%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Spotify Technology investors own include NVIDIA (NVDA), Meta Platforms (META), CrowdStrike (CRWD), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE) and Netflix (NFLX).

Company Calendar

Last Earnings
11/12/2024
Today
12/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Communication
Fax
N/A
Employees
9,123
Year Founded
2006

Price Target and Rating

Average Stock Price Target
$429.96
High Stock Price Target
$565.00
Low Stock Price Target
$230.00
Potential Upside/Downside
-6.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
28 Analysts

Profitability

Net Income
$-575,780,000.00
Pretax Margin
4.73%

Debt

Sales & Book Value

Annual Sales
$15.10 billion
Book Value
$13.85 per share

Miscellaneous

Free Float
198,258,000
Market Cap
$91.74 billion
Optionable
Optionable
Beta
1.61

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This page (NYSE:SPOT) was last updated on 12/23/2024 by MarketBeat.com Staff
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