Spotify Technology (SPOT) Set to Announce Quarterly Earnings on Tuesday

Spotify Technology (NYSE:SPOT) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 12th. Analysts expect Spotify Technology to post earnings of $1.74 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Spotify Technology Stock Performance

NYSE SPOT traded up $3.38 during trading hours on Tuesday, hitting $381.11. The company had a trading volume of 297,602 shares, compared to its average volume of 1,833,277. Spotify Technology has a fifty-two week low of $164.83 and a fifty-two week high of $397.20. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $362.26 and a 200-day simple moving average of $329.85. The firm has a market cap of $75.86 billion, a P/E ratio of 154.18 and a beta of 1.56.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPOT. Wolfe Research began coverage on Spotify Technology in a report on Friday, July 12th. They set an “outperform” rating and a $390.00 price target on the stock. Macquarie raised their price target on Spotify Technology from $345.00 to $395.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Rosenblatt Securities raised their price target on Spotify Technology from $399.00 to $438.00 and gave the company a “buy” rating in a report on Thursday, October 17th. DZ Bank raised Spotify Technology from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Wednesday, July 24th. Finally, Evercore ISI increased their price target on Spotify Technology from $420.00 to $460.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $376.21.

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.