SPOT
Spotify Technology S.A. · Communication Services · Internet Content & Information
$528.98
+0.96% today · +0.49% 1W
Oct 15 close or latest
ReadoutWhy it's moving
Moving with its group (XLC +1.3%)
- SPOT +0.96% on the last session vs SPY +0.08%: +0.9 pts of stock-specific move.
- Earnings Oct 22 before the open: EPS $2.85 expected (19 analysts); it moved ±8.9% on average after its last 8 reports.
- The communications ETF (XLC) +1.3% (+1.3 pts vs SPY): the stock moved with its group.
- 3 analyst actions in the past 10 days (0 positive, 2 negative); latest: Cantor Fitzgerald maintained Neutral, lowered target $530 → $490.
- 1 insider or congressional trade in the past 30 days.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
- Activity: options price a ±9.5% move through the report.
Assembled from Wallsti's own signals.
Activity & positioning
- Volume
- 1.2× its 20-day averagepace so far
- Short interest
- 2.7% of float · -30% vs prior report · 3.0 days to cover as of Sep 30
- Options volume
- 2,616 calls · 1,685 puts (put/call 0.64)Oct 14; averages after 10 sessions
- Implied volatility
- 76% at the money, Oct 23 expiry
- Options-implied move
- ±9.5% through the Oct 22 earnings
Moved with
Communications ETF (XLC) +1.3% +1.3 pts vs SPY
Key facts
- Market cap
- $107.7B
- Held by institutions
- 68.8%
- 52-week range
- 405.00–696.95
- Analyst mean target
- $596.12
- Next earnings
- Oct 22 BMO
- Forward P/E
- 30.6
Recent events
Insider ▼
Gustav Soderstrom (Co-Chief Executive Officer, Director) sold 20,910 shares ($11.1M) under a pre-arranged 10b5-1 plan 10b5-1 plan · filingAnalyst ▼
Cantor Fitzgerald maintained Neutral, lowered target $530 → $490Analyst
Piper Sandler started coverage at Neutral, target $540Analyst ▼
UBS maintained Buy, lowered target $690 → $675Insider
Dustee Jenkins (Chief Public Affairs Officer) had 427 shares ($208.3K) withheld to pay taxes on vesting stock tax withholding · filingInsider
Gustav Soderstrom (Co-Chief Executive Officer, Director) had 116 shares ($56.8K) withheld to pay taxes on vesting stock tax withholding · filingInsider
Alex Norstrom (Co-Chief Executive Officer, Director) had 808 shares ($394.2K) withheld to pay taxes on vesting stock tax withholding · filingInsider
Anna Lundstrom (Chief Human Resources Officer) had 250 shares ($121.9K) withheld to pay taxes on vesting stock tax withholding · filingInsider
Christian Luiga (Chief Financial Officer) had 105 shares ($51.2K) withheld to pay taxes on vesting stock tax withholding · filingInsider
John P Giraldo (Chief Accounting Officer) had 41 shares ($20.4K) withheld to pay taxes on vesting stock tax withholding · filingAnalyst ▼
Keybanc maintained Overweight, lowered target $680 → $660Analyst ▲
Evercore ISI Group maintained Outperform, raised target $650 → $700