SPOT - Spotify Technology S.A.
129.00 +0.83 (0.65%)
After hours: 6:05PM EDT
| Previous Close | 130.63 |
| Open | 129.92 |
| Bid | 128.20 x 900 |
| Ask | 130.50 x 800 |
| Day's Range | 128.16 - 130.99 |
| 52 Week Range | 103.29 - 185.92 |
| Volume | 882,504 |
| Avg. Volume | 1,416,469 |
| Market Cap | 23.037B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -7.63 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 169.47 |
- Zacks
What's Next for Apple (AAPL) Stock: Holiday Shopping, iPhone 11, Apple TV+
Associate Stock Strategist Ben Rains dives into Apple's (AAPL) new iPhone 11s, as well as its streaming TV service and video game push. The episode also breaks down what's next for Apple stock and why the tech firm looks strong heading into the holiday shopping season. - Full-Court Finance
- InvestorPlace
Nomura Instinet’s Top 5 Internet Stocks to Buy Now
U.S. internet stocks have been red-hot once again in 2019, gaining roughly 45% year-to-date.Each month, Nomura Instinet analyst Mark Kelley tracks the latest trends in global internet usage by taking a look at Sensor Tower data for the month. In addition, Kelley looks at recent headlines to get a sense of which internet stocks are winning over users. Investors who get ahead of the curve by examining internet usage data can potentially get valuable insight heading into third-quarter earnings season for stocks. * 10 Recession-Resistant Services Stocks to Buy With that in mind, here's a list of Nomura Instinet's top five internet stocks to buy now and their usage trends from the month of August.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Internet Stocks to Buy Now: Spotify (SPOT)Source: Spotify Spotify (NYSE: SPOT) was once again the most downloaded music streaming app in August. The Spotify app had more than 17.7 million downloads. Downloads were up 18% in August from a year ago -- its lowest growth rate since February.However, Spotify downloads again outpaced its closest global competitors in YouTube Music (12.3 million), JioSaavn Music (5.2 million) and Deezer (3.4 million). Kelley says Spotify's 10% price hike in Norway doesn't seem to have had a major impact on revenue or cancellations, potentially opening up the door for higher prices in other regions.Nomura Instinet has a "buy" rating and $190 price target for SPOT stock. InterActiveCorp (IAC)Source: Rob Thurman Via FlickrInterActiveCorp (NASDAQ:IAC) is an 80% stakeholder in Match Group (NASDAQ:MTCH), the parent company of popular dating sites including Match.com, Tinder, OKCupid and PlentyOfFish.One of the biggest overhangs for IAC stock this year has been the launch of a Facebook (NASDAQ:FB) dating service late last year. Kelley says the latest data suggests Tinder has not been negatively impacted by Facebook's service. He says Facebook is a manageable risk for Match, and online dating is far from a "winner take all" market. Subsidiary Hinge was a major growth source in August, with year-over-year downloads up 56%. * 7 Tech Stocks You Should Avoid Now Nomura Instinet has a "buy" rating and $314 price target for IAC stock. Pinterest (PINS)Source: Nopparat Khokthong / Shutterstock.com Pinterest (NYSE:PINS) had 10.7 million downloads in August, up 18% from a year ago. The social media company also opened a new headquarters in Australia in August and reported a large earnings beat after making improvements to its platform.Kelley is projecting a three-year compound annual revenue growth rate for Pinterest of 42% -- the highest among the 12 internet media stocks under coverage and well above the 25% average growth rate of the group. Unlike some of its unprofitable peers, Kelley is also projecting annual net income growth of 45% as well.Nomura Instinet has a "buy" rating and $39 price target for PINS stock. Facebook (FB)Source: rvlsoft / Shutterstock.com Facebook and its advertising business just keep on trucking through all the political controversy, regulation, boycotts, lawsuits and antitrust probes.FB stock is up another 42.8% in 2019. Facebook's WhatsApp was the most downloaded social media app in August, with more than 57.2 million downloads. Messenger was a close second with 55.3 million downloads followed by the Facebook app with 52.5 million downloads and Instagram with 36.9 million downloads. While download growth on these four platforms slowed from a year ago, a clear sweep of the top four spots and a total of nearly 200 million downloads is extremely impressive.Nomura Instinet has a "buy" rating and $235 price target for FB stock. Alphabet (GOOGL)Source: achinthamb / Shutterstock.com In addition to Facebook and Match, Kelley says Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) is the big winner from the August usage data.Behind the four Facebook platforms, YouTube was the most-downloaded social media app in August with more than 23.3 million downloads. Surprisingly, users downloaded Google Search 8.2 million times in August, up 39% from a year ago. Search had previously not gotten more than 5.9 million downloads in any month during the past year. The Google Chrome app also got 6.4 million downloads in August.Nomura Instinet has a "buy" rating and $1,400 price target for GOOGL stock.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Nomura Instinet's Top 5 Internet Stocks to Buy Now appeared first on InvestorPlace.
- Investopedia
How Does Spotify Make Money?
Spotify, the largest global music streaming subscription service, recently listed on NYSE. Here is a look at how its financials work.
- Investor's Business Daily
Is Spotify Stock A Buy Right Now? Here's What Earnings, Charts Show
Spotify Technology leads in the streaming music race, keeping rivals like Apple Music at bay. But is Spotify stock a buy? Here’s what the company's earnings and SPOT stock chart show.
- InvestorPlace
‘Spot’ This Great Long-Term Opportunity in Spotify Stock
Shares of Spotify (NYSE:SPOT) have been struggling since its IPO in early 2018. SPOT stock continues to trade sideways and consolidate even with the overall market heading higher. Spotify stock is now below the opening price from when it went public last April. The move away from streaming and towards podcasts is starting to reap benefits, though. Time to be a buyer of SPOT on any weakness.Source: Kaspars Grinvalds / Shutterstock.com Fortune even contended back in May 2018 that Spotify has a broken business model and will never be profitable. Despite reporting its first operating profit in 13 years last February, some analysts have been skeptical that significant returns will ever come.However, after the company's recent implementation of significant operational changes, SPOT stock now represents a bargain at just under $130 a share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm not buying into the arguments of streaming enthusiasts like New York University's Larry Miller. He recently suggested to CNBC that streamers will bankrupt the radio industry within a decade. Most traders know that music streaming is not very profitable, at least on its own, and that streaming services like Spotify would be wise to embrace some of the same attributes of the radio industry, which draw the vast majority of audio listening to local radio stations. Spotify Stock Chart That is exactly why I believe now is an ideal time to buy shares of Spotify. SPOT analyzed the long-term success of radio and other businesses connected to music. It then shifted away from its exclusive music focus and towards a more sustainable business model. Its focus on building a loyal customer base is beginning to pay off. * 7 Discount Retail Stocks to Buy for a Recession SPOT is also looking attractive on a technical basis. Spotify stock reached oversold levels on a nine-day relative strength index basis before strengthening. The moving average convergence/divergence also reached an extreme and has since headed higher. Bollinger Percent B was negative and now has reversed to turn positive. There is major long-term support at $120. SPOT stock is also at a big discount to the 20-day moving average which has led to a pop in the past.Just weeks ago, one year after radio giant iHeartMedia (NASDAQ:IHRT) acquired podcasting pioneer Stuff Media, Spotify unveiled Spotify for Podcasters, an interface that will greatly increase the number of show series on the Spotify app. This follows the move earlier by SPOT to delve further into podcasting. Spotify acquired podcast industry giants like Gimlet Media, Anchor and Parcast to further this initiative. SPOT Stock and Podcast ProfitabilityThis shift to podcasting should soon have positive effects for profitability, and ultimately, SPOT stock. Believe it or not, the radio industry still reaches more Americans (93%) than any other platform. This has less to do with music and more to do with the wide, loyal following brought about by the connection between host and listener. SPOT is looking to capitalize on this connection via podcasts.The Washington Times recently underscored this point by using the example of Casey Kasem and his renowned "American Top 40" syndicated radio program. Despite Kasem having not been live on the air for years, thousands of people still tune into the re-run tapings. According to The Washington Times, the reason is because, "while they can listen to their favorite oldies anywhere …there's only one place they can get Casey."Without those clear connections, streamers haven't managed to create a loyal listener base, and advertisers have thus stuck with radio over streaming. Advertisers can also target a specific base via podcasts -a decided plus. The Bottom LineSpotify has acknowledged that it must embrace what has already proven to be effective. This is why they created Spotify for Podcasters and acquired podcasting giants. The numbers already suggest the move is effective. Its total subscribers and monthly active users grew by 31% and 29%, respectively, as its quarter-over-quarter podcast growth increased by over 50% according to the latest earnings report. Slowly but surely, podcasting is giving Spotify the community feeling that has been prevalent in radio but missing in streaming for the past 13 years. That's a good thing for long-term success. Analysts seem to agree, with an average price target of $170.07 per share. Investors can remain ahead of the curve by adding SPOT stock to their portfolio near current levels.Tim may hold some of the aforementioned securities in one or more of his newsletters. Anyone interested in finding out more about Tim and his option-based strategies can go to https://marketfy.com/item/options-and-volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post 'Spot' This Great Long-Term Opportunity in Spotify Stock appeared first on InvestorPlace.
- Zacks
Buy $1 Trillion Apple (AAPL) Stock on iPhone 11 & Streaming TV Potential?
Apple (AAPL) is once again a $1 trillion company, joining Microsoft (MSFT), with shares up 8% in the past month. So is now the time to buy Apple stock after it showed off its new iPhone 11s and its streaming TV service, Apple TV+?
- Business Wire
Spotify Head of FP&A, Treasury, and Investor Relations to Present at the Goldman Sachs 28th Annual Communacopia Conference
Spotify Technology S.A. announced today that Paul Vogel, Vice President and Head of FP&A , Treasury and Investor Relations at Spotify, will participate in the Goldman Sachs 28th Annual Communacopia Conference on Tuesday, September 17, 2019.
- InvestorPlace
7 Recent IPO Stocks That Are Melting Down
Ah, the startup mania. This market cycle has seen a flood of "unicorns" and other venture-backed companies capture investor attention like Pets.com and other startups did in prior bubble periods. The current drama surrounding WeWork's efforts to go public is a perfect example of a company that at the core is a boring sub-leasing provider but has dressed itself up.Give me a break.These companies are largely not profitable, are burning cash badly and have been focused on razzle-dazzle more than anything. Now, these recent IPO stocks are filtering under the intense scrutiny that the public markets bring. Here are seven that are suffering.InvestorPlace - Stock Market News, Stock Advice & Trading Tips IPO Stocks: Uber (UBER)The biggest of the venture-backed companies to go public this cycle, Uber (NYSE:UBER) shares are languishing beneath their IPO price and look headed for further losses as California passes legislation, headed to the governor's desk, that would force the company to classify its drivers as employees rather than independent contractors. The company will next report results on Nov. 7 after the close. Analysts are looking for a loss of 82 cents per share on revenues of $3.7 billion. Lyft (LYFT)Lyft (NASDAQ:LYFT) shares are also suffering, down by roughly 50% from the company's post-IPO high and crushing through its prior lows set in May. While the company beat arch rival Uber to IPO, both are locked in a seemingly endless cash burn cycle. The company will next report results on Nov. 7 after the close. Analysts are looking for a loss of $1.67 per share on revenues of $912 million. Slack (WORK)Shares of Slack (NYSE:WORK), the provider of an instant messaging system for corporate settings (which is basically a huge time waster) are in a post-IPO free fall, down nearly 40% from the post-IPO high. Worries are surrounding the company, likely due to competitive pressure from Microsoft (NASDAQ:MSFT). The company will next report results Dec. 3 after the close. Analysts are looking for a loss of 8 cents per share on revenues of $155.7 million. Spotify (SPOT)Shares of Spotify (NYSE:SPOT), the music service that had a unique direct listing IPO with lots of hype, is once again trading below its 200-day moving average and is down more than 30% from its all-time high as investors continue to worry about competitive pressures from the likes of Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL). The company will next report results on Oct. 31 before the bell. Analysts are looking for a loss of 32 cents per share on revenues of $1.9 billion. Fiverr (FVRR)Fiverr (NYSE:FVRR), another gig-economy icon, is watching in horror as its share price continues to drop after reaching a post-IPO high of more than $44. As the job market tightens and the freelance economy loses its luster, FVRR stock has fallen by more than 50%. The company will next report results on Nov. 11. Analysts are looking for a loss of 19 cents per share on revenues of $26.1 million. CrowdStrike (CRWD)CrowdStrike (NASDAQ:CRWD), a developer of cloud-based security systems that protects corporations and was founded by former McAfee employees, is seeing its share price drift down to its post-IPO lows. The company will next report results on Dec. 5 after the close. Analysts are looking for a loss of 12 cents per share on revenues of $118.9 million. Concerns center on the company's lack of profitability and trying valuations. Stitch Fix (SFIX)The clothes-in-a-box purveyor Stitch Fix (NASDAQ:SFIX), which went public back in 2017, continues to languish badly as investors realize the company lacks pricing power and is under constant threat of attack from Amazon's efforts in the fashion space. The company will next report results on Oct. 1 after the close. Analysts are looking for earnings of 4 cents per share on revenues of $432.4 million. Keep an eye on active client growth, which turned lower.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 7 Recent IPO Stocks That Are Melting Down appeared first on InvestorPlace.
- Reuters
Spotify buys music production marketplace SoundBetter
Spotify Technology SA has acquired music production marketplace SoundBetter, the music streaming service said on Thursday, without disclosing terms of the transaction. New York-based SoundBetter will become part of the Spotify for Artists feature, which provides insights, profile management and promotion tools to artists and their teams, the Swedish company said. SoundBetter's platform allows hiring of musicians, audio engineers, producers and songwriters.
- Business Wire
Spotify Acquires SoundBetter, the Leading Music and Audio Production Talent Marketplace
Spotify Technology S.A. (SPOT), the world’s most popular audio streaming subscription service, today announced that it has acquired SoundBetter, a leading global audio production and collaboration marketplace helping creators worldwide connect and hire top audio professionals. “As we build out our tools for creators, we want to give them the resources they need to thrive. SoundBetter has the same vision,” said Beckwith Kloss, VP Product, Creator at Spotify.
- Yahoo Finance
Why the dismal performance of super-unicorns will sink the We Company’s IPO
In addition to its huge losses, terrible business model, and laughable corporate governance, one of the main reasons WeWork is struggling to go public is the dismal performance of other so-called super-unicorn stocks over the past couple of years.
- Zacks
LATAM Streaming Space Heats Up With Amazon Prime in Brazil
Amazon (AMZN), Netflix, Apple and Spotify are making every effort to capitalize on LATAM streaming space.
- Reuters
Mexico tax on Netflix, Spotify and rivals could raise $185 mln-senator
A Mexican sales tax on foreign digital businesses providing audio or visual services could generate tax revenue of about 3.6 billion pesos ($185 million) a year, a senior lawmaker in Mexico's ruling party said on Tuesday. "If we approve the initiative, the Mexican state could obtain around 3.6 billion pesos a year," Ricardo Monreal, Senate leader of MORENA, told a news conference. Mexico has pursued new sources of revenue to help plug an income gap after changes in the way national oil company Petroleos Mexicanos (Pemex) contributes to state coffers.
- Yahoo Finance
Smart speaker sales are surging in America — Amazon may be the big winner
It's a smart speaker world, we just get to live in it.
- TechCrunch
Spotify users can now share music and podcasts to Snapchat
Spotify users can now share their favorite music and podcasts with friends on Snapchat, the company announced this morning, with added support for sharing a song, playlist, artist profile or podcast either directly to your friends on Snapchat or to your Snapchat Story. Snapchat is now one of several destinations that Spotify users can share to, along with WhatsApp, Messages, Messenger, Twitter, Instagram Stories and, as of just last week, Facebook Stories. In addition to simply sharing music with friends, the feature also will make it possible for Spotify artists and their teams to promote their music to Snapcat's 203 million daily users -- most of whom are within the coveted teen to young adult demographic that Spotify's artists are hoping to reach.
Motley FoolSpotify's Still Gaining Share in the U.S. Music Streaming Market
Its revenue growth outpaced the industry thanks to its premium subscriber sign-ups.
- Zacks
Is Apple (AAPL) Stock a Safe Buy After Bond Sale, Ahead of iPhone Event?
Is it time to buy Apple (AAPL) stock after bond sale, ahead of iPhone event...
- TechCrunch
Spotify expands its new Premium Duo plan to Latin America
Spotify's newest paid subscription, the Premium Duo plan designed for twopeople, first launched this spring as a pilot test in Ireland, Colombia,Chile, Denmark and Poland
- TechCrunch
Pandora now lets you share music and podcasts to your Instagram Stories
Pandora today announced a new integration with Instagram that will allowusers to share to their Instagram Story their favorite music and podcasts
- Zacks
Slack's First Earnings As A Public Company After The Bell Wednesday
There is a ton of growth priced into this stock and earnings after the bell on Wednesday will further prove or disprove this valuation.
- Bloomberg
Startups Sell Spotify-Like Apps to Offset Your Carbon Footprint
(Bloomberg) -- Sally Rogers took public transport, bought locally-grown food and looked for sustainable products out of concern for the environment in San Francisco. Then she realized all that was being undone by her need to travel.Her solution was to subscribe to Project Wren, one of a new breed of climate-centric start-ups offering consumers a way to offset greenhouse-gas pollution. In a nod to the music and video streaming providers Spotify Technology SA and Netflix Inc., they offer a web-based tool to quantify individual carbon emissions and then make regular payments into projects that will absorb those emissions.“They’ve eliminated that feeling of hopelessness I used to get once I understood my carbon emissions,” said Rogers, founder of a marketing agency that helps join consumer brands with product influencers. “The biggest impact on my carbon footprint was my desire to visit friends and family in other parts of the world.”The so-called climate-streaming services are capitalizing on the instinct of millennials to be good to the environment and look for solutions on the internet -- or their mobile phones.These companies are jumping into a $200 million-a-year carbon offsetting industry that, until recently, has focused mainly on businesses instead of consumers. Established incumbents include British oil major BP Plc and ClimateCare, a former unit of JPMorgan Chase & Co.“There’s lot of consumer demand for affordable action on climate change that isn’t in the form of traditional political activism,” said Ben Stanfield, co-founder of Californian startup Project Wren. “A lot of people are frustrated with how local and national governments are dealing with the problem.”His operations help offset pollution by planting trees that absorb carbon dioxide or by installing solar panels or handing out cleaner cook stoves in developing nations. The service applys those savings to the carbon emitted from everyday life including flying or driving.Offsetting has been used for more than a decade by firms including Citigroup Inc. and UBS Group AG to minimize their environmental impact. JPMorgan offsets all its business air-travel, and the consulting company PricewaterhouseCoopers LLP has matched its emissions with forest protection. Virgin Atlantic Airways Ltd. is among numerous airlines that has introduced carbon programs to fund environmental projects.Another service called Chooose charges less than $10 a month for a subscription plan that helps direct money into renewable energy projects. The Oslo-based company also provides gift cards and company-branded merchandise too (sustainable and environmentally-friendly of course).Its founder, Andreas Slettvoll, left a high-flying legal job in the Russian fossil-fuel industry to tackle climate change.“If I had continued that for my entire life, nobody would have come to my funeral,” Slettvoll said in an interview. “Even if you live in a cave, you still have an unavoidable carbon footprint. We are actively trying to go out of business by solving this problem.”In California, Stanfield launched Project Wren about two months ago with co-founders Mimi Tran Zambetti and Landon Brand. With a monthly subscription tailored to your carbon footprint, it already has about 500 subscribers.For those who want to offset on the go, the OffCents mobile app can automatically detect and calculate your carbon emissions whether you’re traveling by car, plane or train. Through their phones, users can then decide how much to spend on carbon credits.“It’s an app that rewards you for avoiding and offsetting travel,” said Howard Jaslow, who started OffCents after leaving Blackstone Group Inc. about three years ago.The offset business is still a fraction of the international carbon market, a sector valued about 144 billion euros ($159 billion), according to financial data provider Refinitiv.It’s mainly dominated by the European Union’s cap-and-trade system, where factories, utilities and airlines are legally required to have allowances to cover their pollution. The permits can be traded, spawning a multi-billion-dollar market.“We’ve seen these types of movements move from the niche to the mainstream,” Stanfield said. “A few years ago it was almost unheard of to be tracking your carbon or offsetting at all. We’re starting to see this stuff pop up more regularly.”In the future, a carbon offset service may become a company perk, similar to gym memberships and health insurance.“In five years, 10 years, it’ll be very strange if your employer isn’t offering some way to offset carbon,” Stanfield said.To contact the reporter on this story: Timothy Abington in London at tabington@bloomberg.netTo contact the editors responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net, Andrew Reierson, Reed LandbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance Video
Spotify announces SoundBetter acquisition
Spotify announced that it acquired SoundBetter, a company that helps artists hire musicians, writers and other positions. The terms of the deal were not released but SoundBetter has some 180,000 users. The move comes as Spotify looks to become more than just a streaming music platform. Yahoo Finance's YFi AM discusses.
- Yahoo Finance Video
Taylor Swift's album 'Lover' falls short of 1 million sales in opening week
All eyes were on the release of Taylor Swift's new album 'Lover', after her last four albums saw more than one million U.S. sales in the first week. 'Lover' fell short, with 679,000 opening-week sales, according to Nielson Music, a number that still tops all albums since her last release 'Reputation' in 2017. Yahoo Finance's Zack Guzman and Heidi Chung are joined by Katie Prentke English, Harness Wealth Co-Founder, to discuss.
