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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$145.76 - $359.38
Previous Close$338.83
Volume950.77K
Average Volume (3M)1.77M
Market Cap
$66.41B
Enterprise Value$62.69B
Total Cash (Recent Filing)€4.21B
Total Debt (Recent Filing)€493.00M
Price to Earnings (P/E)133.6
Beta1.45
Next Earnings
Oct 31, 2024EPS Estimate
$1.99Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.54
Shares Outstanding197,143,389
10 Day Avg. Volume1,086,022
30 Day Avg. Volume1,771,410
Standard Deviation0.15
R-Squared0.31
Alpha0.00631
Financial Highlights & Ratios
Price to Book (P/B)26.47
Price to Sales (P/S)16.43
Price to Cash Flow (P/CF)N/A
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
$393.08Price Target Upside14.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering29
Spotify Technology SA News
Bulls Say, Bears Say
Bulls Say
Earnings And ProfitabilityRaising the price target to $440 reinforces the view that Spotify still has ample room for growth and meaningful earnings power ahead.
Market LeadershipSpotify continues to be the #1 Podcasting service in the U.S. (up 5-pts Y/Y to 43%).
User GrowthSpotify could achieve over 1 billion Monthly Active Users (MAUs) and over 400 million Premium Subscribers by 2030.
Bears Say
Advertising RevenueThe company’s revenue guide for the quarter indicates a further slowdown in advertising revenues in Q3.
Competition And MarginsCompetition is fierce, margins thin, valuation stretched, and the darkest days of this economic quagmire are believed to be ahead.
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 $145.76 and its highest was $359.38 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 42 days.
How were Spotify Technology SA’s earnings last quarter?
Spotify Technology SA released its earnings results on Jul 23, 2024. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.168 by $0.312.
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 $1.99.
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 $1.48 in its last earnings report, beating expectations of $1.168. 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 Lone Pine Capital LLC. It holds Spotify Technology SA’s shares valued at 529M.
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Spotify Technology SA Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$393.08 (14.89% Upside)
$393.08 (14.89% Upside)
Blogger Sentiment
Bullish
SPOT Sentiment 81%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Decreased
By 72.3K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 1.1%
Last 30 Days ▲ 1.1%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
113.66%
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
$393.08
▲(14.89% Upside)
Technical Analysis
Best Analysts Covering SPOT
1 Year
1 Year Success Rate
21/29 ratings generated profit
1 Year Average Return
+30.66%
assigned a buy rating 3 days ago
Copying Justin Patterson's trades and holding each position for 1 Year would result in 72.41% of your transactions generating a profit, with an average return of +30.66% per trade.
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