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Spotify Technology (SPOT) Stock Price, News & Analysis

$298.68
+8.16 (+2.81%)
(As of 02:34 PM ET)
Today's Range
$289.01
$299.73
50-Day Range
$231.97
$310.31
52-Week Range
$128.67
$313.16
Volume
805,311 shs
Average Volume
1.90 million shs
Market Capitalization
$59.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$254.16

Spotify Technology MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
14.5% Downside
$254.16 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.37mentions of Spotify Technology in the last 14 days
Based on 45 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
46.20%
From $3.55 to $5.19 Per Share

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.

4.27 out of 5 stars

Business Services Sector

44th out of 316 stocks

Radio Broadcasting Stations Industry

3rd out of 8 stocks

SPOT stock logo

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.

SPOT Stock Price History

SPOT Stock News Headlines

Apple: Is it Time to Reload on AI Inflection Point? (SPOT)
Apple stock is having a rough year as it faces numerous lawsuits; analysts are looking for innovation and may get it from AI
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Spotify Technology (SPOT) Scheduled to Post Earnings on Tuesday
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Risk Management Through Position Sizing
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/16/2024
Next Earnings (Confirmed)
4/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$254.16
High Stock Price Target
$390.00
Low Stock Price Target
$129.00
Potential Upside/Downside
-14.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
23 Analysts

Profitability

Net Income
$-575,780,000.00
Pretax Margin
-3.81%

Debt

Sales & Book Value

Annual Sales
$14.34 billion
Book Value
$13.85 per share

Miscellaneous

Free Float
197,534,000
Market Cap
$59.13 billion
Optionable
Optionable
Beta
1.63

Social Links

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Key Executives

  • Mr. Daniel G. Ek (Age 41)
    Founder, CEO & Chairman
    Comp: $1.43M
  • Mr. Alex Norström (Age 46)
    Chief Business Officer & Co-President
    Comp: $407.75k
  • Mr. Gustav Söderström (Age 46)
    Co-President, Chief Product & Technology Officer
    Comp: $378.04k
  • Mr. Sven Martin Lorentzon (Age 55)
    Co-Founder & Director
  • Mr. Paul Aaron Vogel (Age 51)
    Chief Financial Officer
    Comp: $616.33k
  • Ms. Dustee Tucker Jenkins (Age 45)
    Chief Public Affairs Officer
    Comp: $2.61M
  • Mr. Paul Sawyer
    Controller & Chief Accounting Officer
  • Mr. Bryan Daniel Goldberg
    Head of Investor Relations
  • Ms. Eve Konstan (Age 55)
    General Counsel
  • Ms. Katarina Berg (Age 56)
    Chief Human Resources Officer

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 stock is currently trading at $252.74, showing potential for growth.
  • Spotify Technology has a market cap of $50.13 billion, indicating a strong presence in the market.
  • Spotify Technology reported earnings per share of ($0.36) for the quarter, beating the consensus estimate.
  • Spotify Technology's two segments, Premium and Ad-Supported, offer diversified revenue streams.
  • Institutional investors like BlackRock Inc. and Wellington Management Group LLP have increased their stakes in Spotify Technology, showing confidence in the company.

Cons

Investors should be bearish about investing in Spotify Technology S.A. for these reasons:

  • Spotify Technology's PE ratio of -85.86 may raise concerns about its valuation.
  • Spotify Technology's beta of 1.63 indicates higher volatility compared to the market average.
  • The company's 12-month low of $124.57 suggests potential price fluctuations.
  • Competitive pressure from other audio streaming services could impact Spotify Technology's market share.
  • Uncertainties in the regulatory environment for audio streaming services may pose risks to Spotify Technology's operations.
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 Saturday, April 13, 2024. Please send any questions or comments about these Spotify Technology pros and cons to contact@marketbeat.com.

SPOT Stock Analysis - Frequently Asked Questions

Should I buy or sell Spotify Technology stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Spotify Technology in the last twelve months. There are currently 6 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPOT shares.
View SPOT analyst ratings
or view top-rated stocks.

What is Spotify Technology's stock price target for 2024?

23 equities research analysts have issued 12 month price objectives for Spotify Technology's shares. Their SPOT share price targets range from $129.00 to $390.00. On average, they predict the company's share price to reach $254.16 in the next year. This suggests that the stock has a possible downside of 14.5%.
View analysts price targets for SPOT
or view top-rated stocks among Wall Street analysts.

How have SPOT shares performed in 2024?

Spotify Technology's stock was trading at $187.91 on January 1st, 2024. Since then, SPOT stock has increased by 58.2% and is now trading at $297.21.
View the best growth stocks for 2024 here
.

When is Spotify Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our SPOT earnings forecast
.

How can I listen to Spotify Technology's earnings call?

Spotify Technology will be holding an earnings conference call on Tuesday, April 23rd at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Spotify Technology's earnings last quarter?

Spotify Technology S.A. (NYSE:SPOT) posted its quarterly earnings data on Tuesday, February, 6th. The company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.01. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.72 billion. Spotify Technology had a negative net margin of 4.01% and a negative trailing twelve-month return on equity of 23.43%. Spotify Technology's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.43) EPS.

What guidance has Spotify Technology issued on next quarter's earnings?

Spotify Technology issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.9 billion-$3.9 billion, compared to the consensus revenue estimate of $3.9 billion.

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.

What other stocks do shareholders of Spotify Technology own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Spotify Technology investors own include NVIDIA (NVDA), Tesla (TSLA), Netflix (NFLX), Alibaba Group (BABA), Block (SQ), Advanced Micro Devices (AMD), PayPal (PYPL), Salesforce (CRM), Shopify (SHOP) and Walt Disney (DIS).

When did Spotify Technology IPO?

Spotify Technology (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.

Who are Spotify Technology's major shareholders?

Spotify Technology's stock is owned by many different institutional and retail investors. Top institutional investors include AMF Tjanstepension AB (0.86%), Rheos Capital Works Inc. (0.02%), Contravisory Investment Management Inc. (0.02%), Lakehouse Capital Pty Ltd (0.02%), David J Yvars Group (0.01%) and Wealth Enhancement Advisory Services LLC (0.00%).

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.

Does Spotify Technology have any subsidiaries?
The following companies are subsidiares of Spotify Technology: Anchor FM, Betty Labs Incorporated, Bill Simmons Media Group LLC, Chartable, Cord Project, CrowdAlbum, Cutler Media LLC, Findaway, Gimlet Media, Loudr, Mediachain, Megaphone LLC, MightyTV, Podsights, Podz Inc., Preact, S Servicios de Música México S.A. de C.V., Seed Scientific, Sonalytic, SoundBetter, Soundtrap AB, Soundwave, Spotify AB, Spotify Australia Pty Ltd, Spotify Brasil Serviços De Música LTDA, Spotify Canada Inc., Spotify France SAS, Spotify GmbH, Spotify India LLP, Spotify Italy S.r.l., Spotify Japan K.K, Spotify Ltd, Spotify Singapore Pte Ltd., Spotify Spain S.L., Spotify USA Inc., The Echo Nest, Tunigo, Whooshkaa, and niland.
Read More
This page (NYSE:SPOT) was last updated on 4/16/2024 by MarketBeat.com Staff

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