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Spotify Technology SA (SPOT)
NYSE:SPOT
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SPOT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$129.23 - $346.23
Previous Close$321.88
Volume1.99M
Average Volume (3M)1.73M
Market Cap
$63.09B
Enterprise Value$59.37B
Total Cash (Recent Filing)€4.21B
Total Debt (Recent Filing)€493.00M
Price to Earnings (P/E)126.9
Beta1.49
Next Earnings
Oct 31, 2024EPS Estimate
$1.83Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.54
Shares Outstanding197,143,389
10 Day Avg. Volume1,620,639
30 Day Avg. Volume1,728,022
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
$392.80Price Target Upside22.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering28
Spotify Technology SA News
PremiumStock Analysis & Ideas
TMUS, GOOGL, SPOT: Which “Strong Buy” Communications Stock Is the Best Bet?
PremiumCompany Announcements
Spotify Reports Remarkable Financial Turnaround
Bulls Say, Bears Say
Bulls Say
EarningsSpotify reported strong Q2 results, with Premium subscribers and total revenue in line with expectations, while gross margins and profitability came in ahead of guidance.
Financial PerformanceSpotify exceeded its own gross margin guidance by 110bps (29.2%), and operating income guidance by 6% (EUR266mn). The gross margin beat was mainly driven by lower music content costs, while lower headcount costs and marketing spend positively impacted operating income.
Subscription GrowthPremium subscriber net adds came in above expectations at 7mn, ending 2Q at 246mn, which was 1mn above estimates.
Bears Say
Advertising RevenueAdvertising growth continues to be the one area where trends remain volatile quarter to quarter and growth in MAUs and revenue slowed more than expected.
Financial PerformanceSpotify reported mixed 2Q:24 results with a big MAU miss and a revenue shortfall relative to Street estimates.
User GrowthMonthly active users (MAUs) came in below management's guidance, which may affect future growth projections.
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Ownership Overview
Currently, No data available
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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 $346.23 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 Oct 31, 2024 which is in 59 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Jul 23, 2024. The company reported $1.444 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.304.
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 $1.83.
How many shares outstanding does Spotify Technology SA have?
Spotify Technology SA has 199,054,060 shares outstanding.
What happened to Spotify Technology SA’s price movement after its last earnings report?
Spotify Technology SA reported an EPS of $1.444 in its last earnings report, beating expectations of $1.14. Following the earnings report the stock price went up 11.961%.
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
Strong Buy
Average Price Target:
$392.80 (22.03% Upside)
$392.80 (22.03% Upside)
Blogger Sentiment
Bullish
SPOT Sentiment 84%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 1.9M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.1%
Last 30 Days ▲ 3.1%
Last 30 Days ▲ 3.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
115.83%
12-Months-Change
Fundamentals
Return on Equity
14.82%
Trailing 12-Months
Asset Growth
36.31%
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
Q2 2024
0:00 / 0:00
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SPOT Stock 12 Month Forecast
Average Price Target
$392.80
▲(22.03% 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
15/21 ratings generated profit
1 Year Average Return
+41.53%
reiterated a buy rating last month
Copying Mark Mahaney's trades and holding each position for 1 Year would result in 71.43% of your transactions generating a profit, with an average return of +41.53% per trade.
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