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Spotify Technology SA (SPOT)
NYSE:SPOT
Spotify Technology SA (SPOT) Stock Price & Analysis
6,186 Followers
SPOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$129.23 - $331.08
Previous Close$302.15
Volume1.15M
Average Volume (3M)1.95M
Market Cap
$59.00B
Enterprise Value$55.28B
Total Cash (Recent Filing)$4.21B
Total Debt (Recent Filing)$493.00M
Price to Earnings (P/E)―
Beta1.53
Next Earnings
Jul 23, 2024EPS Estimate
$1.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.63
Shares Outstanding197,143,389
10 Day Avg. Volume1,620,639
30 Day Avg. Volume1,952,376
Standard Deviation0.15
R-Squared0.33
Alpha0.00501
Financial Highlights & Ratios
Price to Book (P/B)48.11
Price to Sales (P/S)4.73
Price to Cash Flow (P/CF)39.50
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.37
Enterprise Value/Gross Profit16.27
Enterprise Value/Ebitda-428.52
Forecast
1Y Price Target
$354.92Price Target Upside17.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering29
Spotify Technology SA News
PremiumStock Analysis & Ideas
Jefferies Selects 2 Promising Music Stocks — Here’s Why They May Be Worth Buying
PremiumPre-Earnings
Is SPOT a Buy, Before Earnings?
Bulls Say, Bears Say
Bulls Say
Market PositionSpotify operates at the center of global audio consumption & discovery with leading scale in music streaming, more than 2x the size of closest rivals.
ProfitabilitySpotify's growth opportunity is augmented by product superiority, evidenced by revenue share gains and leading levels of engagement.
Revenue GrowthSpotify offers diversification into higher growth podcasting, audiobooks & live, generating incremental ARPU that bypasses ~65% royalties.
Bears Say
Customer RetentionSpotify has hiked prices on subscribers in certain geographies, including U.S. users, which may alienate some users.
LawsuitsSpotify was sued by the Mechanical Licensing Collective for allegedly underpaying royalties.
User GrowthExpecting Premium and MAU growth to decelerate, representing the lowest YoY growth rate for Premium Subscribers and MAU on record through 2016.
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Ownership Overview
0.00%
Insiders
84.69% Mutual Funds
8.13% Other Institutional Investors
7.18% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Spotify Technology SA
Desktop Users
Mobile Users
SPOT FAQ
What was Spotify Technology SA’s price range in the past 12 months?
Spotify Technology SA lowest stock price was $129.23 and its highest was $331.08 in the past 12 months.
What is Spotify Technology SA’s market cap?
Currently, no data Available
When is Spotify Technology SA’s upcoming earnings report date?
Spotify Technology SA’s upcoming earnings report date is Jul 23, 2024 which is in 2 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Apr 23, 2024. The company reported $1.049 earnings per share for the quarter, beating the consensus estimate of $0.675 by $0.374.
Is Spotify Technology SA overvalued?
According to Wall Street analysts Spotify Technology SA’s price is currently Undervalued.
Does Spotify Technology SA pay dividends?
Spotify Technology SA does not currently pay dividends.
What is Spotify Technology SA’s EPS estimate?
Spotify Technology SA’s EPS estimate is $1.13.
How many shares outstanding does Spotify Technology SA have?
Spotify Technology SA has 198,327,160 shares outstanding.
What happened to Spotify Technology SA’s price movement after its last earnings report?
Spotify Technology SA reported an EPS of $1.049 in its last earnings report, beating expectations of $0.675. Following the earnings report the stock price went up 11.413%.
Which hedge fund is a major shareholder of Spotify Technology SA?
Among the largest hedge funds holding Spotify Technology SA’s share is Alecta Pensionsforsakring, Omsesidigt. It holds Spotify Technology SA’s shares valued at 478M.
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Spotify Technology SA Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$354.92 (17.46% Upside)
$354.92 (17.46% Upside)
Blogger Sentiment
Bullish
SPOT Sentiment 82%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 0.1%
Last 30 Days ▲ 4.2%
Last 30 Days ▲ 4.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
75.63%
12-Months-Change
Fundamentals
Return on Equity
-3.90%
Trailing 12-Months
Asset Growth
19.82%
Trailing 12-Months
Company Description
Spotify Technology SA
Founded in 2006, Luxembourg-based Spotify Technology SA is the world’s most popular audio streaming subscription service. It serves a community of over 320 million users across 92 markets. The company generates revenue from Premium and Ad-Supported segments. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access to music and podcasts. It also offers a music listening experience without commercial breaks. 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 subscribers with no subscription fees. The company also provides sales, marketing, contract research and development, and customer support services.
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SPOT Company Deck
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SPOT Earnings Call
Q1 2024
0:00 / 0:00
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SPOT Stock 12 Month Forecast
Average Price Target
$354.92
▲(17.46% Upside)
Technical Analysis
Sirius XM Holdings
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Tencent Music Entertainment Group
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Live Nation Entertainment
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Best Analysts Covering SPOT
1 Year
1 Year Success Rate
12/17 ratings generated profit
1 Year Average Return
+27.05%
reiterated a buy rating 3 months ago
Copying Steven Cahall's trades and holding each position for 1 Year would result in 70.59% of your transactions generating a profit, with an average return of +27.05% per trade.
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