In the latest trading session,, 1.22 million Spotify Technology S.A (NYSE:SPOT) shares changed hands as the company’s beta touched 1.73. With the company’s most recent per share price at $593.01 changing hands around $16.07 or 2.79% at last look, the market valuation stands at $119.07B. SPOT’s current price is a discount, trading about -10.05% off its 52-week high of $652.63. The share price had its 52-week low at $280.37, which suggests the last value was 52.72% up since then. When we look at Spotify Technology S.A’s average trading volume, we note the 10-day average is 3.06 million shares, with the 3-month average coming to 2.72 million.
Analysts gave the Spotify Technology S.A (SPOT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.88. If we narrow down to specifics, the data shows that 0 out of 29 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended SPOT as a Hold, 25 felt it is a Buy and 0 rated the stock as Underweight.
Spotify Technology S.A (NYSE:SPOT) trade information
Instantly SPOT is in green as seen in intraday trades today. With action 0.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 32.55%, with the 5-day performance at 0.05% in the green. However, in the 30-day time frame, Spotify Technology S.A (NYSE:SPOT) is 7.81% up. Looking at the short shares, we see there were 7.22 million shares sold at short interest cover period of 2.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 545, meaning bulls need a downside of -8.81% from its recent market value. According to analyst projections, SPOT’s forecast low is 435 with 680 as the target high. To hit the forecast high, the stock’s price needs a -14.67% plunge from its current level, while the stock would need to tank 26.65% for it to hit the projected low.
The 2025 estimates are for Spotify Technology S.A earnings to increase by 63.97%, but the outlook for the next 5-year period is at 42.89% per year.
SPOT Dividends
Spotify Technology S.A is expected to release its next quarterly earnings report on 2025-Apr-28.
Spotify Technology S.A (NYSE:SPOT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.32% of Spotify Technology S.A shares while 68.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 90.01%. There are 68.11% institutions holding the Spotify Technology S.A stock share, with BAILLIE GIFFORD & CO the top institutional holder. As of 2024-06-30, the company held 7.8169% of the shares, roughly 16.1 million SPOT shares worth $5.05 billion.
AUSTIN PRIVATE WEALTH, LLC holds the second largest percentage of outstanding shares, with 5.8248% or 12.0 million shares worth $377.0 as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were VANGUARD WORLD FUND-Vanguard International Growth Fund and JPMorgan Trust II-JPMorgan Large Cap Growth Fund . With 3.45 shares estimated at $2.04 billion under it, the former controlled 1.69% of total outstanding shares. On the other hand, JPMorgan Trust II-JPMorgan Large Cap Growth Fund held about 1.30% of the shares, roughly 2.67 shares worth around $1.58 billion.
