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Spotify Technology SA (SPOT)
NYSE:SPOT
Spotify Technology SA (SPOT) Stock Price & Analysis
6,124 Followers
SPOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$129.23 - $331.08
Previous Close$314.8
Volume661.80K
Average Volume (3M)1.98M
Market Cap
$61.62B
Enterprise Value$57.90B
Total Cash (Recent Filing)€4.21B
Total Debt (Recent Filing)€493.00M
Price to Earnings (P/E)―
Beta1.59
Next Earnings
Jul 23, 2024EPS Estimate
$1.14Next 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. Volume1,982,602
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/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$355.14Price Target Upside12.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering25
Spotify Technology SA News
Bulls Say, Bears Say
Bulls Say
Market Position And Product OfferingSpotify maintains long-term pricing power given the company's reach (615M MAUs, 239M Premium Subscribers), leading market share, and ability to improve and expand its product offering.
Profitability And Cost ManagementSpotify’s equity has performed well as investors applaud cost controls, embrace price hikes, and increasingly tap into an array of emerging opportunities (audiobooks, video ads, and education).
Revenue And Subscriber GrowthSpotify has raised prices twice in less than a year in the US (and a few other global markets, including the UK and Australia), indicating confidence in the company’s ability to grow subscribers and mitigate churn on the platform.
Bears Say
Customer RelationsSpotify runs the risk of gaining a reputation as a serial price hiker in an industry offering a commoditized service, and filled with Big Tech competitors, ultimately alienating customers.
Legal IssuesSpotify was sued by the Mechanical Licensing Collective for allegedly underpaying royalties.
Revenue GrowthThe biggest pushback on Spotify is MAU growth, which missed for Q1 and the Q2 guide.
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Ownership Overview
0.00%
Insiders
84.69% Mutual Funds
1.25% Other Institutional Investors
14.06% 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 18 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Apr 23, 2024. The company reported $1.047 earnings per share for the quarter, beating the consensus estimate of $0.673 by $0.373.
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 $1.14.
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 $1.047 in its last earnings report, beating expectations of $0.673. 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:
$355.14 (12.81% Upside)
$355.14 (12.81% Upside)
Blogger Sentiment
Bullish
SPOT Sentiment 82%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 1.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.4%
Last 30 Days ▲ 5.2%
Last 30 Days ▲ 5.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
96.06%
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
$355.14
▲(12.81% 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
15/20 ratings generated profit
1 Year Average Return
+42.65%
reiterated a buy rating last month
Copying Mark Mahaney's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +42.65% per trade.
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