Shares of Spotify Technology have moved -0.5% today, and are now trading at a price of $672.25. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 844,347 compared to the stock's average volume of 1,807,893.
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. Based in Luxembourg City, Luxembourg the company has 7,691 full time employees and a market cap of $138,334,093,312.
The company is now trading -9.32% away from its average analyst target price of $741.38 per share. The 38 analysts following the stock have set target prices ranging from $475.3707 to $907.0068, and on average give Spotify Technology a rating of buy.
Over the last 52 weeks, SPOT stock has risen 79.3%, which amounts to a 64.0% difference compared to the S&P 500. The stock's 52 week high is $785.0 whereas its 52 week low is $376.0 per share. Based on Spotify Technology's average net margin growth of 22.7% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2024 | 15,673,000 | 1,138,000 | 7 | 275.0 |
| 2023 | 13,247,000 | -532,000 | -4 | 0.0 |
| 2022 | 11,727,000 | -430,000 | -4 | -inf |
| 2021 | 9,668,000 | -34,000 | 0 | 100.0 |
| 2020 | 7,880,000 | -581,000 | -7 | -133.33 |
| 2019 | 6,764,000 | -186,000 | -3 |
