A Great Stock That Is Lost For Many Investors: Spotify Technology S.A. (SPOT)

Spotify Technology S.A. (NYSE: SPOT) is 20.41% higher on its value in year-to-date trading and has touched a low of $109.18 and a high of $197.28 in the current 52-week trading range. The SPOT stock was last observed hovering at around $178.68 in the last trading session, with the day’s gains setting it 1.39% off its average median price target of $165.85 for the next 12 months. It is also 10.19% off the consensus price target high of $200.49 offered by 28 analysts, but current levels are -82.31% lower than the price target low of $98.77 for the same period.

Currently trading at $180.07, the stock is -0.64% and 15.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 0.78% at the moment leaves the stock 26.63% off its SMA200. SPOT registered 24.31% gain for a year compared to 6-month gain of 22.39%. The firm has a 50-day simple moving average (SMA 50) of $167.79 and a 200-day simple moving average (SMA200) of $148.33.

The stock witnessed a 20.87% loss in the last 1 month and extending the period to 3 months gives it a 36.87%, and is -2.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.73% over the week and 5.03% over the month.

Spotify Technology S.A. (SPOT) has around 4405 employees, a market worth around $33.50B and $8.02B in sales. Profit margin for the company is -0.60%. Distance from 52-week low is 64.93% and -8.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.80%).

Spotify Technology S.A. (SPOT) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Spotify Technology S.A. (SPOT) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.40, where 9 rate it as a Hold and 1 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

Spotify Technology S.A. is expected to release its quarterly report on 07/23/2020 and quarterly earnings per share for the current quarter are estimated at -$0.37 with sales reaching $2.17B over the same period.The EPS is expected to shrink by -133.40% this year, but quarterly earnings will post 17.80% year-over-year. Quarterly sales are estimated to grow 15.40% in year-over-year returns.

Spotify Technology S.A. (SPOT) Top Institutional Holders

572 institutions hold shares in Spotify Technology S.A. (SPOT), with 54.37M shares held by insiders accounting for 29.24% while institutional investors hold 82.74% of the company’s shares. The shares outstanding are 185.05M, and float is at 132.06M with Short Float at 3.56%. Institutions hold 58.54% of the Float.

The top institutional shareholder in the company is Baillie Gifford and Company with over 21.68 million shares valued at $2.63 billion. The investor’s holdings represent 12.09% of the SPOT Shares outstanding. As of Mar 30, 2020, the second largest holder is Morgan Stanley with 16.41 million shares valued at $1.99 billion to account for 9.16% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 13.58 million shares representing 7.58% and valued at over $1.65 billion, while Technology Crossover Management VIII, Ltd. holds 2.52% of the shares totaling 4.52 million with a market value of $549.25 million.