DZ Financial institution upgraded stocks of Spotify Generation (NYSE:SPOT – Loose Document) from a promote ranking to a grasp ranking in a record launched on Wednesday morning, Marketbeat Scores reviews. DZ Financial institution lately has $240.00 goal worth at the inventory.

Different equities analysis analysts additionally lately issued analysis reviews in regards to the inventory. JPMorgan Chase & Co. greater their goal worth on stocks of Spotify Generation from $190.00 to $205.00 and gave the inventory an obese ranking in a analysis record on Wednesday, October twenty fifth. Pivotal Analysis greater their goal worth on stocks of Spotify Generation from $265.00 to $330.00 and gave the inventory a purchase ranking in a analysis record on Tuesday. Morgan Stanley greater their goal worth on stocks of Spotify Generation from $200.00 to $230.00 and gave the inventory an obese ranking in a analysis record on Tuesday, December fifth. Robert W. Baird greater their goal worth on stocks of Spotify Generation from $185.00 to $225.00 and gave the inventory an outperform ranking in a analysis record on Friday, December eighth. After all, TD Cowen started protection on stocks of Spotify Generation in a analysis record on Monday, October twenty third. They issued a marketplace carry out ranking and a $129.00 goal worth for the corporate. Six analysis analysts have rated the inventory with a grasp ranking and seventeen have issued a purchase ranking to the corporate’s inventory. In line with information from MarketBeat.com, the corporate at the moment has a median ranking of Average Purchase and a median goal worth of $223.36.

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Spotify Generation Inventory Efficiency

Spotify Generation inventory opened at $240.83 on Wednesday. The corporate has a 50 day transferring moderate worth of $200.61 and a 200 day transferring moderate worth of $171.88. Spotify Generation has a 52 week low of $114.64 and a 52 week prime of $248.67. The corporate has a handy guide a rough ratio of one.27, a present ratio of one.27 and a debt-to-equity ratio of 0.57.

Spotify Generation (NYSE:SPOT – Get Loose Document) final posted its quarterly income information on Tuesday, February sixth. The corporate reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) via $0.01. Spotify Generation had a unfavorable internet margin of four.01% and a unfavorable go back on fairness of 24.35%. The company had earnings of $3.67 billion all over the quarter, in comparison to analyst estimates of $3.72 billion. Right through the similar quarter final 12 months, the industry posted ($1.43) EPS. The corporate’s earnings used to be up 16.0% on a year-over-year foundation. On moderate, equities analysts forecast that Spotify Generation will publish 2.44 income in step with percentage for the present 12 months.

Institutional Buying and selling of Spotify Generation

A number of hedge budget and different institutional traders have lately purchased and bought stocks of the inventory. Lindbrook Capital LLC boosted its place in stocks of Spotify Generation via 32.3% all over the 4th quarter. Lindbrook Capital LLC now owns 205 stocks of the corporate’s inventory valued at $39,000 after obtaining an extra 50 stocks within the final quarter. Signaturefd LLC boosted its place in stocks of Spotify Generation via 4.4% all over the 4th quarter. Signaturefd LLC now owns 1,222 stocks of the corporate’s inventory valued at $230,000 after obtaining an extra 51 stocks within the final quarter. Summit Path Advisors LLC lifted its holdings in Spotify Generation via 3.5% all over the 4th quarter. Summit Path Advisors LLC now owns 1,664 stocks of the corporate’s inventory valued at $313,000 after buying an extra 56 stocks all over the final quarter. Personal Consider Co. NA lifted its holdings in Spotify Generation via 18.4% all over the 4th quarter. Personal Consider Co. NA now owns 367 stocks of the corporate’s inventory valued at $69,000 after buying an extra 57 stocks all over the final quarter. After all, Parkside Monetary Financial institution & Consider lifted its holdings in Spotify Generation via 21.6% all over the 4th quarter. Parkside Monetary Financial institution & Consider now owns 354 stocks of the corporate’s inventory valued at $67,000 after buying an extra 63 stocks all over the final quarter. 56.89% of the inventory is lately owned via institutional traders and hedge budget.

Spotify Generation Corporate Profile

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Spotify Generation SA, along with its subsidiaries, supplies audio streaming services and products international. It operates via two segments, Top rate and Advert-Supported. The Top rate section gives limitless on-line and offline streaming get right of entry to to its catalog of song and podcasts with out business breaks to its subscribers.

Additional Studying

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