The stocks of SPOT have been issued with a rating of hold by close to thirty-two different analysts covering the company. According to a report, five of the investment analysts have already provided the stocks with a rating of sell, while eleven others have given the company a rating of hold. Close to eleven other investment analysts have issued the company a rating of buy for the period. The target price of the company set over a period of a year has been fixed at $315.83.
The Stock Commentary Of SPOT
There have been quite a few research equities that have commented on the stocks of SPOT. Citigroup has also reduced the price target of the company from $310 to $275 with a rating of neutral in an 8th June research report. Evercore ISI has also put up a rating of outperform with a price target of $360 in a 6th April research report.
Pivotal Research has issued the company a rating of buy with a price target of $340 in a 29th April research report. Jefferies Financial Group has issued the company a rating of buy with a price target of $360 in a 28th April research report. In the end, TheStreet has managed to increase the rating of the company from d to c- in a 28th April research report.
The stocks of SPOT traded on Wednesday at $272.86. The market cap of the firm has been set at $48.91 billion with a PE ratio of around -70.51, and a 1.52 beta. The moving average price of the company over a period of 50 days is $245.61. The debt-to-equity ratio of the company over the period has been 0.38, with a 1.27 current ratio, and a 1.27 quick ratio. The year low of the company is $211.10, with a year high of $387.44.
SPOT previously announced its quarterly results on the 28th of April. The EPS reported by the company during this period was $0.25, whereas the consensus estimate was set at $0.56. The revenue generated by the company during this period was $2.15 billion, matching the consensus estimate of $2.15 billion.
