Looking at top Wall Street opinions, Spotify Technology S.A. (NYSE: SPOT) has recently made its way into the research list of Credit Suisse – signaling that their analyst’s rating adjustment is noteworthy. This stock was Underperform in the eyes of Credit Suisse, as reported on Friday, March 29th, 2019. Another heavy-hitting research note was published by Rosenblatt on Monday February 11th, 2019, with this firm Reiterated SPOT to an updated rating of Buy. In the past six months and three months of trading, shares of Spotify Technology S.A. (SPOT) have moved by -9.01% and 9.34%, respectively.
Brokerage Updates Related to Spotify Technology S.A. (SPOT) Stock
This publicly-traded organization generated losses of -2.62% over the last 5 sessions. Right now, this stock is the subject of 28 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Of the latest market expert opinions, 2 have given an underperform rating, 1 has given a sell rating, and 9 have given a rating of Buy or better. Based on the 28 stock market experts following this company, the average 12-month price target is $163.90. Moreover, individual price targets range between $100.00-$230.00. With its recent move to $170.00, we can see that these firms project this stock will loss by -7.01% in one year.
Updates from Spotify Technology S.A. (SPOT) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 27.60% rise since the beginning of the calendar year.
Spotify Technology S.A. (NYSE:SPOT) Results in the Pipeline
The next scheduled release of financial results for Spotify Technology S.A. will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be -$0.36. In the same vein, they expect sales for the quarter to amount to $1,500.48 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $1,495.00 million in revenue alongside EPS at $0.23. On average, the analyst projection was calling for $1,352.00 million with -$2.20 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $1,273.00 million, with earnings per share ending up at -$1.01.
News Corporation (NASDAQ:NWSA) experienced a drop of -0.87% from the closing price in the previous trading day. That drove the price to $12.54 per share, as observed on December 31st, 1969, at a time when the total trading volume reached 1,877,003 shares of stock – compared to the typical average of 2.66M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $14.33.
Pricing Indications for News Corporation (NWSA)
This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 12.71 from its observable 50-day simple moving average. Right at this moment, the per-share value is -4.66% lower than the mean per-share price over the last 200 days in the market.
News Corporation (NASDAQ:NWSA) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 1 have a Buy rating, 1 have an outperform rating, while 3 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 3 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 3.10 , based on information from Thomson Reuters.
NWSA Stock Value Potential
In trading activity as of late, this stock’s value was 13.14 up from its 200 day moving average, while also -1.36% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $11.50-$17.82. The market value for the entire organization reached 7.32B. In the last trading session, the price ended the day at $12.65. The institutional holdings related to this organization account for 0.59%, and the Beta factor is now 1.48. This company’s RSI (Relative Strength Index) managed to hit 49.38.
News Corporation (NASDAQ:NWSA) Analyst Points of Focus
News Corporation (NWSA) has found itself inside of Citigroup’s research list, so their analyst rating adjustment is worth taking note of. This stock was upgraded to Buy, compared to its previous rating of Neutral by Citigroup, as garnered from a news report on Monday January 14th, 2019. An additional helpful research note was sent out by Goldman’s on Tuesday October 9th, 2018. The brokerage decided to upgrade NWSA to Buy from its previous rating of Neutral.