Spotify Technology SA (NYSE:SPOT) has received a consensus broker rating score of 1.83 (Buy) from the fifteen analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and nine have issued a strong buy recommendation on the company. Spotify Technology’s rating score has declined by 8.3% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $189.63 for the company and are anticipating that the company will post ($0.52) EPS for the current quarter, according to Zacks. Zacks has also given Spotify Technology an industry rank of 110 out of 256 based on the ratings given to related companies.
A number of analysts have weighed in on SPOT shares. Goldman Sachs Group set a €152.00 ($176.74) price target on Aena SME and gave the company a “sell” rating in a research note on Tuesday, April 30th. Pivotal Research restated a “buy” rating and issued a $165.00 price target on shares of Spotify Technology in a research note on Monday, April 29th. Evercore ISI cut Spotify Technology from an “in-line” rating to an “underperform” rating in a research report on Monday, June 24th. Finally, UBS Group lifted their target price on Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th.
Shares of SPOT traded up $1.97 during midday trading on Monday, hitting $154.27. 548,253 shares of the stock were exchanged, compared to its average volume of 1,649,356. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of -254.72 and a beta of 1.84. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. Spotify Technology has a 52-week low of $103.29 and a 52-week high of $198.99. The stock’s fifty day moving average is $140.17.
Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Monday, April 29th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.53). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.67 billion. Spotify Technology had a negative net margin of 1.08% and a positive return on equity of 13.72%. As a group, equities research analysts anticipate that Spotify Technology will post -2.7 earnings per share for the current fiscal year.
Spotify Technology Company Profile
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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