[UPDATED] Spotify (NYSE: SPOT) will report earnings results for the second quarter of 2019 on Wednesday before the market opens. While continued growth is expected, analysts disagree on how far away the streamer remains from profitability. Hypebot will cover the call live. A poll of top analysts show a general…
Category archives: stock
Spotify [SPOT] Schedules Next Earnings Report
Spotify [SP0T] will share its second quarter 2019 financial results in a call with shareholders and analysts on Wednesday, July 31st before the market opens. Spotify stock has shown strength in recent weeks rising from a May 23rd low of $121.58 to a close at $145.29 on Monday. The company…
Spotify Stock Predicted To Rise 38% Say 14 Top Analysts
Spotify (NYSE:SPOT) stock has an average rating of 1.69 (Buy) from the twenty one analysts that cover the company, according to Zacks Investment Research. Only one analyst has rated the streamer with a strong sell rating, five assigned a hold rating, one a buy and fourteen a strong buy rating….
Spotify [SPOT] Stock Drops On Threat From Amazon Music [UPDATED]
UPDATE: Spotify stock closed down 4.42% Monday on news that Amazon was close to launching a free ad-supported music service. With the exception of Pandora’s radio-like free offering, no other major streamer offers a free music service. Details and analysis here. Amazon To Launch Free Ad-Supported Music Service To Take…
Eventbrite Stock Down 30% On Higher Than Expected Loss, Weak Revenue Projections [UPDATE]
UPDATE: Eventbrite shares fell sharply Friday morning, after the company issued a first-quarter revenue outlook below Wall Street expectations. The independent ticketing company predicted first-quarter revenue of $80 million to $84 million, well short of the $91 million analysts polled had forecast. Revenue topped expectations, but it was not enough….
Twitter Stock ↓10% Despite 5th Consecutive Quarterly Profit, Rise In Daily Active Users
UPDATE: Twitter posted its fifth profitable quarter in a row on Thursday in a pre-market report to investors. But that was not enough to satisfy the market which sent the stock down almost 10% in early afternoon trading. At 1:30 PM ET, Twitter’s stock was trading at $30.90 USD, down…
Spotify (SPOT) Stock Continues To Fall
Spotify (SPOT) stock fell 2.83% Wednesday after the streamer’s Q2 earnings report and news of two major acquisitions. The stock was trading down another 2.21% at $132.46 in pre-market trading Thursday. Strong user growth and its first ever profitable quarter were offset by lower than anticipated earnings and the acquisition…
Spotify Stock Surging After Positive Valuations
Spotify stock closed Thursday at $133.25 and was up another 2.46% to $136.40 in pre-market trading Friday. That’s a jump of more than 20% since Christmas eve. The price rise comes as multiple analysts see Spotify stock, which soared at high as $198.99 in 2018, is undervalued at current levels….
Spotify (NYSE: SPOT) To Post Q4 Financials
Spotify (NYSE: SPOT) will post its fourth quarter 2018 financial on February 6th before the market opens. This week, four key analysts downgraded the streamers target price. Option traders also predicted a rocky ride ahead. The streamer will hold a question and answer session to discuss fourth quarter 2018 financial…
Deutsche Bank Raises UMG Valuation 45% To $33 Billion As Sales Search Continues
Deutsche Bank has raised its valuation of Universal Music Group 45% to $33.19 billion, up from a previous $22.86 billion. That values UMG higher than the market capitalization of its parent company Vivendi, which currently sits at $32.35 billion. "With the hype around UMG stake sale having subsided, there is…