Most-Upgraded StocksMost-UpgradedNYSE:SPOT Spotify Technology (SPOT) Stock Price, News & Analysis $360.01 +16.04 (+4.66%) (As of 09/19/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Spotify Technology Stock (NYSE:SPOT) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$348.96▼$368.1450-Day Range$290.15▼$360.0152-Week Range$145.76▼$368.29Volume2.81 million shsAverage Volume1.91 million shsMarket Capitalization$71.66 billionP/E RatioN/ADividend YieldN/APrice Target$359.14Consensus RatingModerate Buy Company OverviewSpotify 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… Who are Nvidia’s New Silent Partners? (Ad)Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.I call these Nvidia’s “Silent Partners.” Spotify Technology Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 84th PercentileSpotify Technology scored higher than 84% of companies evaluated by MarketBeat, and ranked 70th out of 344 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.4 / 5Analyst RatingModerate Buy 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. Earnings and Valuation1.9 / 5Proj. Earnings Growth39.14% Earnings GrowthEarnings for Spotify Technology are expected to grow by 39.14% in the coming year, from $6.31 to $8.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Spotify Technology is -537.32, 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 -537.32, 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 25.99. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted2.63% 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 2.1, 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 58.55%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldSpotify Technology does not currently pay a dividend.Dividend GrowthSpotify Technology does not have a long track record of dividend growth. Sustainability and ESG4.5 / 5Environmental Score-0.66 Percentage of Shares Shorted2.63% 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 2.1, 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 58.55%, indicating that investor sentiment is decreasing significantly. News and Social Media2.0 / 5News Sentiment0.63 News SentimentSpotify Technology has a news sentiment score of 0.63. 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 higher news sentiment than the 0.49 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 29 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 -45% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added Spotify Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A 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. SPOT Stock News HeadlinesVF Corp's Comeback Story: Supreme Sale and Cost Cuts Boost Stock (SPOT)Global apparel and footwear company V.F. Corp. (NYSE: VFC) has been working on its turnaround spearheaded by its current CEO, Bracken Darrell.September 12, 2024 | marketbeat.comAnalysts Offer Insights on Communication Services Companies: T Mobile US (TMUS) and Spotify Technology SA (SPOT)September 19 at 3:28 PM | markets.businessinsider.comOur #1 Ticker for the Rare "Retirement Window"We've only seen this happen three times in the past 20 years... And every time - like clockwork - it's minted an entire new class of millionaires.September 19, 2024 | Behind the Markets (Ad)Spotify Stock Hits High Note After Getting Big Price-Target HikeSeptember 19 at 3:28 PM | msn.comSpotify Technology (NYSE:SPOT) Hits New 12-Month High Following Analyst UpgradeSeptember 19 at 11:09 AM | americanbankingnews.comSPOT Spotify Technology S.A.September 18 at 2:51 PM | seekingalpha.comSpotify is bringing a way for parents to manage their kids music streamingSeptember 18 at 1:08 PM | msn.comKargo Welcomes Eric Hoffert as Chief Technology OfficerSeptember 18 at 8:07 AM | finance.yahoo.comSee More Headlines SPOT Stock Analysis - Frequently Asked Questions How have SPOT shares performed this year? Spotify Technology's stock was trading at $187.91 at the beginning of 2024. Since then, SPOT stock has increased by 91.6% and is now trading at $360.01. View the best growth stocks for 2024 here. How were Spotify Technology's earnings last quarter? Spotify Technology S.A. (NYSE:SPOT) announced its quarterly earnings data on Tuesday, July, 23rd. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.25. Spotify Technology's revenue for the quarter was up 19.8% on a year-over-year basis. Does Spotify Technology have any subsidiaries? Spotify Technology subsidiaries include these companies: Chartable, Podsights, Whooshkaa, Findaway, Podz Inc., Betty Labs Incorporated, Megaphone LLC, and others. 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 a price of $0.00 per share. None served as the underwriter for the IPO. Who are Spotify Technology's major shareholders? Top institutional shareholders of Spotify Technology 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). Company Calendar Last Earnings7/23/2024Today9/19/2024Next 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$359.14 High Stock Price Target$510.00 Low Stock Price Target$190.00 Potential Upside/Downside-0.2%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage30 Analysts Profitability EPS (Most Recent Fiscal Year)($0.67) Trailing P/E RatioN/A Forward P/E Ratio57.05 P/E GrowthN/ANet Income$-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 / Sales5.00 Cash FlowN/A Price / Cash FlowN/A Book Value$13.85 per share Price / Book25.99Miscellaneous Outstanding Shares199,050,000Free Float189,439,000Market Cap$71.66 billion OptionableOptionable Beta1.57 Social Links Should I Buy Spotify Technology Stock? SPOT Pros and Cons Explained 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 Sunday, September 8, 2024. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com. Spotify Technology Bull Case Here are some ways that investors could benefit from investing in Spotify Technology S.A.: Spotify Technology S.A. has shown consistent revenue growth over recent quarters, indicating a strong business performance. Analysts have given Spotify Technology S.A. a "Moderate Buy" consensus rating with a price target of $353.15, suggesting potential for stock price appreciation. The company has a high return on equity of 15.23%, reflecting efficient use of shareholder funds to generate profits. Spotify Technology S.A. has a market capitalization of $67.10 billion, indicating a sizable and established presence in the market. With a beta of 1.59, Spotify Technology S.A. is slightly more volatile than the market average, potentially offering higher returns for risk-tolerant investors. Spotify Technology Bear Case Investors should be bearish about investing in Spotify Technology S.A. for these reasons: Spotify Technology S.A. currently has a negative price-to-earnings ratio of -500.84, which may indicate overvaluation or market skepticism about future earnings potential. The company's stock price has experienced significant fluctuations, with a one-year low of $129.23 and a high of $359.38, suggesting high volatility. Spotify Technology S.A. has a debt-to-equity ratio of 0.31, which may raise concerns about the company's financial leverage and ability to manage debt obligations. Despite positive earnings per share results, the company's net margin of 3.22% may be considered low compared to industry peers, potentially impacting profitability. While analysts have issued favorable ratings, one analyst has rated the stock as a sell, indicating differing opinions on the company's future performance. This page (NYSE:SPOT) was last updated on 9/19/2024 by MarketBeat.com Staff From Our PartnersUnlock the Secret to Easy Wins with Iron CondorsDiscover the power of Iron Condor trades – a low-risk, high-reward strategy that allows you to profit consiste...Netpicks | SponsoredSell NVDA Now?Guess who's selling NVDA next The most successful hedge fund in history quietly sold 500,000 shares. 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