Shares of Spotify Technology S.A. (NYSE:SPOT – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $265.24.
A number of equities analysts have issued reports on SPOT shares. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $240.00 target price on the stock in a research report on Wednesday, February 7th. UBS Group raised their price objective on shares of Spotify Technology from $274.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, April 5th. KeyCorp upped their target price on shares of Spotify Technology from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Pivotal Research lifted their price target on Spotify Technology from $330.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, HSBC initiated coverage on shares of Spotify Technology in a research report on Wednesday, March 27th. They issued a “buy” rating and a $310.00 price target on the stock.
View Our Latest Research Report on Spotify Technology
Institutional Trading of Spotify Technology
Spotify Technology Price Performance
Shares of SPOT opened at $275.79 on Friday. Spotify Technology has a 12 month low of $128.67 and a 12 month high of $313.16. The stock has a market cap of $54.70 billion, a PE ratio of -93.17 and a beta of 1.63. The stock’s 50-day moving average is $266.94 and its two-hundred day moving average is $214.16.
Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.01. Spotify Technology had a negative net margin of 4.01% and a negative return on equity of 23.43%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned ($1.43) earnings per share. Spotify Technology’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts anticipate that Spotify Technology will post 3.51 earnings per share for the current year.
Spotify Technology Company Profile
Spotify Technology SA, 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.
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