Spotify Technology S.A (NYSE:SPOT) has a beta value of 1.74 and has seen 0.65 million shares traded in the recent trading session. The company, currently valued at $112.94B, closed the recent trade at $562.50 per share which meant it gained $10.77 on the day or 1.95% during that session. The SPOT stock price is -16.02% off its 52-week high price of $652.63 and 53.53% above the 52-week low of $261.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.26 million shares traded. The 3-month trading volume is 2.35 million shares.
The consensus among analysts is that Spotify Technology S.A (SPOT) is Buy stock at the moment, with a recommendation rating of 1.91. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 29 have rated it as a Hold, with 25 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.33.
Spotify Technology S.A (NYSE:SPOT) trade information
Sporting 1.95% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SPOT stock price touched $562.50 or saw a rise of 4.79%. Year-to-date, Spotify Technology S.A shares have moved 25.73%, while the 5-day performance has seen it change -2.40%. Over the past 30 days, the shares of Spotify Technology S.A (NYSE:SPOT) have changed -3.70%. Short interest in the company has seen 6.89 million shares shorted with days to cover at 2.49.
Wall Street analysts have a consensus price target for the stock at $470, which means that the shares’ value could drop -19.68% from the levels at last check today. The projected low price target is $430.0 while the price target rests at a high of $700.0. In that case, then, we find that the latest price level in today’s session is -24.44% off the targeted high while a plunge would see the stock lose 23.56% from the levels at last check today.
Spotify Technology S.A (SPOT) estimates and forecasts
The company’s shares have gained 52.63% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 15.92%.
22 analysts offering their estimates for the company have set an average revenue estimate of 4.21B for the current quarter. 22 have an estimated revenue figure of 4.39B for the next ending quarter. Year-ago sales stood 3.64B and 3.81B respectively for this quarter and the next, and analysts expect sales will grow by 15.77% for the current quarter and 15.92% for the next. Earnings growth for 2025 is a modest 83.21% while over the next 5 years, the company’s earnings are expected to increase by 44.89%.
SPOT Dividends
Spotify Technology S.A is expected to release its next earnings report on 2025-Feb-03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Spotify Technology S.A (NYSE:SPOT)’s Major holders
Insiders own 24.32% of the company shares, while shares held by institutions stand at 67.77% with a share float percentage of 89.55%. Investors are also buoyed by the number of investors in a company, with Spotify Technology S.A having a total of 1466.0 institutions that hold shares in the company. The top two institutional holders are BAILLIE GIFFORD & CO with over 16.1 million shares worth more than $5.05 billion. As of 2024-06-30, BAILLIE GIFFORD & CO held 7.8169% of shares outstanding.
The other major institutional holder is AUSTIN PRIVATE WEALTH, LLC, with the holding of over 12.0 million shares as of 2024-06-30. The firm’s total holdings are worth over $377.0 and represent 5.8248% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD WORLD FUND-Vanguard International Growth Fund and JPMorgan Trust II-JPMorgan Large Cap Growth Fund. As of Nov 30, 2024, the former fund manager holds about 2.19% shares in the company for having 4.49 shares of worth $2.54 billion while later fund manager owns 2.67 shares of worth $1.51 billion as of Dec 31, 2024, which makes it owner of about 1.30% of company’s outstanding stock.
