How to buy Spotify shares

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$271.88 – an increase of 3.55% over the previous week. Here's how to invest if you're based in Australia.

How to buy shares in Spotify

1. 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.
2. 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.
3. 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.
4. 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.
5. Decide on how many to buy. At last close price of US$271.88, 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.
6. 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.

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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.

Shorting Spotify shares

There are currently 3.6 million Spotify shares held short by investors – that's known as Spotify's "short interest". This figure is 26.8% down from 5.0 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 1.7 million). Spotify's SIR currently stands at 2.17. In other words for every 100,000 Spotify shares traded daily on the market, roughly 2170 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 0.02% of the outstanding shares (for every 100,000 Spotify shares in existence, roughly 20 shares are currently held short) or 0.0287% of the tradable shares (for every 100,000 tradable Spotify shares, roughly 29 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$109.18 up to US$370.95. 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 1.6442. 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 overview

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services in the United States, the United Kingdom, Luxembourg, and internationally. It operates through two segments, Premium and Ad-Supported. The company offers unlimited online and offline high-quality streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. It also 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; and sales, marketing, contract research and development, and customer support services. As of March 31, 2020, the company's platform included 286 million monthly active users and 130 million premium subscribers in approximately 79 countries and territories. Spotify Technology S.A. was founded in 2006 and is based in Luxembourg, Luxembourg.

Frequently asked questions

• What percentage of Spotify is owned by insiders or institutions?

  Currently 29.26% of Spotify shares are held by insiders and 59.847% by institutions.

• When does the fiscal year end for Spotify?

  Spotify's fiscal year ends in December.

• Where is Spotify based?

  Spotify's address is: 42-44, avenue de la Gare, Luxembourg, Luxembourg, 1610

• What is Spotify's ISIN number?

  Spotify's international securities identification number is: LU1778762911

• What is Spotify's CUSIP number?

  Spotify's Committee on Uniform Securities Identification Procedures number is: L8681T102