How to buy Spotify (SPOT) shares in Australia
Learn how to easily invest in Spotify shares.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Spotify Technology S.A is an internet content & information business with stocks listed in the US. Spotify shares (SPOT) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$247.4 – an increase of 6.23% over the previous week. Here's how to invest if you're based in Australia.
How to buy shares in Spotify
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Spotify. Find the share by name or ticker symbol: SPOT. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Spotify reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$242.02, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Spotify, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Spotify. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
Spotify stock price (NYSE:SPOT)Use our graph to track the performance of SPOT stocks over time.
Spotify shares at a glance
|52-week range||US$201.678 - US$387.44|
|50-day moving average||US$237.2938|
|200-day moving average||US$244.1165|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||US$-1.894|
Where to buy Spotify stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Spotify stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Considering buying Spotify shares?Before you consider Spotify, you'll want to hear this.
Ticker Nerd uses advanced software to track hundreds of signals and data points to find stocks before they blow up. You can get the next two hot stocks they find sent to your inbox for free.
Show me how
Spotify price performance over time
|1 week (2021-10-06)||6.63%|
|1 month (2021-09-17)||-0.28%|
|3 months (2021-07-17)||-5.21%|
|6 months (2021-04-16)||-15.28%|
|1 year (2020-10-16)||-5.77%|
|2 years (2019-10-17)||109.96%|
|3 years (2018-10-17)||55.32%|
|Revenue TTM||US$8.6 billion|
|Gross profit TTM||US$2 billion|
|Return on assets TTM||-0.64%|
|Return on equity TTM||-9.25%|
|Market capitalisation||US$47.3 billion|
TTM: trailing 12 months
Shorting Spotify shares
There are currently 4.8 million Spotify shares held short by investors – that's known as Spotify's "short interest". This figure is 1.7% up from 4.7 million last month.
There are a few different ways that this level of interest in shorting Spotify shares can be evaluated.
Spotify's "short interest ratio" (SIR)
Spotify's "short interest ratio" (SIR) is the quantity of Spotify shares currently shorted divided by the average quantity of Spotify shares traded daily (recently around 1.2 million). Spotify's SIR currently stands at 3.98. In other words for every 100,000 Spotify shares traded daily on the market, roughly 3980 shares are currently held short.
However Spotify's short interest can also be evaluated against the total number of Spotify shares, or, against the total number of tradable Spotify shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Spotify's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Spotify shares in existence, roughly 30 shares are currently held short) or 0.0351% of the tradable shares (for every 100,000 tradable Spotify shares, roughly 35 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Spotify.
Find out more about how you can short Spotify stock.
Spotify share dividends
We're not expecting Spotify to pay a dividend over the next 12 months.
Spotify share price volatility
Over the last 12 months, Spotify's shares have ranged in value from as little as US$201.678 up to US$387.44. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Spotify's is 1.4864. This would suggest that Spotify's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers with no subscription fees. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2020, its platform included 345 million monthly active users and 155 million premium subscribers in 93 countries and territories. The company was founded in 2006 and is based in Luxembourg, Luxembourg.
Spotify in the news
Spotify Technology S A : 5 Things To Know About the Newest Limited Release of Car Thing
FOCUS-Music streamers turn to telcos to make Africa pay
Spotify Technology S A : Expands Our Company News Podcast Slate With Two More Shows for Listeners To Love
Frequently asked questions
More guides on Finder
A guide to stock brokers in Perth
If you're looking to buy shares from Perth, there are a few options available to you.
Why is the RIO share price lagging other miners today?
Shares in mining giant Rio Tinto are up just 7% in the last 12 months.
How to invest in the Rocketboots IPO
Everything we know about the Rocketboots IPO, plus information on how to buy in.
Top Bitcoin exchanges
With 30+ platforms available to buy Bitcoin from in Australia, it can be overwhelming to choose. Our experts have compared exchanges so you don’t have to.
How to invest in the Winsome Resources IPO
Everything we know about the Winsome Resources IPO, plus information on how to buy in.
Adore Beauty discount codes October 2021 | Up to 35% off: Clearance Sale
Get up to 35% off from these Adore Beauty discount codes, Australia’s leading online-only beauty and cosmetics store offering great products for men and women.
THE ICONIC discount codes October 2021 | Up to 60% off: Mid-Season Sale
All deals are checked and updated daily. Get the latest discount codes from THE ICONIC to save 60% instantly.
Why is the a2 Milk (A2M) share price on a high?
Shares in the trans-Tasman dairy company are down 55% over the last 12 months.
Why has the Bank of Queensland (BOQ) share price stumbled?
Shares in the Brisbane-based lender have risen nearly 60% in the last 12 months.
How to invest in the Tissue Repair IPO
Everything we know about the Tissue Repair IPO, plus information on how to buy in.
Ask an Expert