Shares of Spotify Technology SA (NYSE:SPOT) have been given a consensus broker rating score of 1.62 (Buy) from the seventeen brokers that provide coverage for the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and eleven have given a strong buy rating to the company. Spotify Technology’s rating score has improved by 4.1% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus target price of $191.33 for the company and are predicting that the company will post ($0.56) EPS for the current quarter, according to Zacks. Zacks has also given Spotify Technology an industry rank of 97 out of 256 based on the ratings given to related companies.
SPOT has been the subject of several recent research reports. Pivotal Research reissued a “buy” rating and issued a $165.00 price target on shares of Spotify Technology in a research note on Monday, April 29th. Goldman Sachs Group reissued a “buy” rating and issued a $170.00 price target on shares of Spotify Technology in a research note on Tuesday, April 30th. Finally, UBS Group boosted their price target on shares of Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th.
Shares of NYSE SPOT traded down $0.81 during mid-day trading on Wednesday, reaching $139.27. 76,613 shares of the company were exchanged, compared to its average volume of 1,274,955. Spotify Technology has a 52 week low of $103.29 and a 52 week high of $198.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $24.95 billion, a P/E ratio of -233.20 and a beta of 1.70.
Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Monday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.53). The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.67 billion. Spotify Technology had a positive return on equity of 13.72% and a negative net margin of 1.08%. As a group, analysts forecast that Spotify Technology will post -2.21 EPS for the current fiscal year.
About Spotify Technology
Spotify Technology SA, together with its subsidiaries, provides music streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers commercial-free music services to subscribers comprising unlimited online and offline high-quality streaming access to its catalog.
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