Spotify Know-how (NYSE:SPOT – Get Free Report)‘s inventory had its “impartial” ranking reaffirmed by equities analysis analysts at Cantor Fitzgerald in a report issued on Monday, Benzinga experiences. They at present have a $340.00 worth goal on the inventory. Cantor Fitzgerald’s worth goal signifies a possible draw back of seven.58% from the corporate’s earlier shut.
A number of different equities analysis analysts have additionally commented on SPOT. DZ Financial institution upgraded shares of Spotify Know-how from a “maintain” ranking to a “purchase” ranking and set a $375.00 worth goal for the corporate in a report on Wednesday, July twenty fourth. Morgan Stanley lifted their worth goal on shares of Spotify Know-how from $370.00 to $400.00 and gave the inventory an “obese” ranking in a analysis report on Wednesday, July twenty fourth. Evercore ISI lifted their worth goal on shares of Spotify Know-how from $420.00 to $460.00 and gave the inventory an “outperform” ranking in a analysis report on Thursday, August twenty ninth. Macquarie lifted their worth goal on shares of Spotify Know-how from $345.00 to $395.00 and gave the inventory an “outperform” ranking in a analysis report on Tuesday, July twenty third. Lastly, Benchmark reaffirmed a “purchase” ranking and issued a $405.00 worth goal on shares of Spotify Know-how in a analysis report on Monday, July twenty second. One analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and twenty-three have issued a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat, Spotify Know-how at present has a consensus ranking of “Reasonable Purchase” and a median goal worth of $359.14.
Examine Out Our Newest Evaluation on Spotify Know-how
Spotify Know-how Buying and selling Down 0.4 %
SPOT traded down $1.30 on Monday, reaching $367.90. 747,518 shares of the corporate traded fingers, in comparison with its common quantity of 1,905,437. Spotify Know-how has a one yr low of $145.76 and a one yr excessive of $389.23. The agency has a fifty day easy transferring common of $339.51 and a two-hundred day easy transferring common of $311.77. The corporate has a market cap of $73.23 billion, a P/E ratio of -550.20 and a beta of 1.57. The corporate has a fast ratio of 1.56, a present ratio of 1.56 and a debt-to-equity ratio of 0.31.
Spotify Know-how (NYSE:SPOT – Get Free Report) final posted its quarterly earnings outcomes on Tuesday, July twenty third. The corporate reported $1.33 EPS for the quarter, beating the consensus estimate of $1.08 by $0.25. Spotify Know-how had a internet margin of three.22% and a return on fairness of 15.23%. The enterprise had income of $3.81 billion through the quarter, in comparison with analyst estimates of $3.82 billion. Throughout the identical quarter within the earlier yr, the enterprise posted ($1.69) EPS. The corporate’s quarterly income was up 19.8% in comparison with the identical quarter final yr. As a gaggle, equities analysis analysts count on that Spotify Know-how will submit 6.26 earnings per share for the present yr.
Hedge Funds Weigh In On Spotify Know-how
A variety of massive traders have just lately added to or lowered their stakes in SPOT. Clearbridge Investments LLC grew its holdings in shares of Spotify Know-how by 0.6% through the first quarter. Clearbridge Investments LLC now owns 6,892 shares of the corporate’s inventory value $1,819,000 after shopping for a further 38 shares within the final quarter. Cigna Investments Inc. New grew its holdings in shares of Spotify Know-how by 3.3% through the second quarter. Cigna Investments Inc. New now owns 1,260 shares of the corporate’s inventory value $395,000 after shopping for a further 40 shares within the final quarter. Moody Lynn & Lieberson LLC grew its holdings in shares of Spotify Know-how by 0.6% through the second quarter. Moody Lynn & Lieberson LLC now owns 6,843 shares of the corporate’s inventory value $2,147,000 after shopping for a further 40 shares within the final quarter. Larson Monetary Group LLC grew its holdings in shares of Spotify Know-how by 86.0% through the first quarter. Larson Monetary Group LLC now owns 93 shares of the corporate’s inventory value $25,000 after shopping for a further 43 shares within the final quarter. Lastly, EverSource Wealth Advisors LLC grew its holdings in shares of Spotify Know-how by 4.6% through the second quarter. EverSource Wealth Advisors LLC now owns 981 shares of the corporate’s inventory value $337,000 after shopping for a further 43 shares within the final quarter. 84.09% of the inventory is at present owned by institutional traders and hedge funds.
About Spotify Know-how
Spotify Know-how SA, along with its subsidiaries, gives audio streaming subscription providers worldwide. It operates by means of two segments, Premium and Advert-Supported. The Premium section provides limitless on-line and offline streaming entry to its catalog of music and podcasts with out industrial breaks to its subscribers.
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