The stocks of SPOT have been given a rating of “hold” by close to thirty-four different research firms that have been covering the stocks. According to a report, five of the investment analysts have already provided the company with a rating of sell, while twelve others have given the company a rating of hold. Around twelve others have provided the company with a rating of buy. Currently, the price target set on the company over a period of a year has been set at $311.83.
The Stock Commentary Of SPOT
There have been quite a few research equities that have commented on the stocks of SPOT. Rosenblatt Securities has already increased the price target of the company from $390 to $425 with a rating of buy in a 1st March research report. Atlantic Securities has reduced the price rating of the company from overweight to neutral in a 23rd February research report.
Barclays has also increased the price target of the company from $310 to $340 in a 4th February research report. In the end, TheStreet also increased the price rating of the company from d to c- in a 28th April research report.
The stocks of SPOT traded on Tuesday at $228.21. The market cap of the firm has been set at $40.91 billion, with a -53.57 PE ratio, and a 1.64 beta. The year low of the company is $146.68, with a year high of around $387.44. The moving average price of the company over a period of 50 days is $269, with the moving average price over a period of 200 days set at $296.91.
SPOT did update its quarterly report on the 28th of April. The EPS reported by the company during this period was $0.25, which was slightly less than the consensus estimate of $0.56. The return on equity for the company was -30.46%, with a -8.73% net margin.