#technology | Analyst provided some recent clues on Tenable Holdings Inc. (TENB) and Spotify Technology S.A. (SPOT)


You should consider shares of Tenable Holdings Inc. (NASDAQ:TENB) and Spotify Technology S.A. (NYSE:SPOT) if you are looking for a great stocks to invest in. Starting with the TENB shares, which traded at $27.50 at the close of the recent session, dropping -0.02%. On Thursday, the company’s shares shed $0.0 from its value which represented in intraday trading. The stock is now 4.01% higher in year-to-date (YTD) trading. TENB’s intraday high was $27.65 while its lowest price touched $27.315. The stock’s 52-week high price is $36.26, which means the current price is at -24.16%. In terms of trading activity, the daily trading volume fell to 282574 against 200-day average trading volume of 732,203 shares.

What are analyst forecasts for Tenable Holdings Inc. (NASDAQ:TENB)?

At a consensus rating of 4.50, TENB is trending as a streaking Strong Buy, as it has been the case a month ago when 12 analysts called it a Moderate Buy. Two months ago, 11 analysts recommended, on average, that TENB stock is a Strong Buy. The Technology company’s shares’ overall bearish trend saw it close lower on Thursday compared to its opening price of $27.50 on the day.

Tenable Holdings Inc. (NASDAQ:TENB) Upgrades and Downgrades

In terms of rating changes, JP Morgan on October 30, 2019, Upgrade Tenable Holdings Inc. (TENB) at Overweight. They believe the stock could reach $31 in the near term. Analysts at SunTrust have assigned a Hold rating for the stock in their research note on October 03, 2019. Moreover, Macquarie analysts issued a rating of Neutral for the stock on July 16, 2019, giving it a price target of $35 for the next 12 months. On June 28, 2019, the stock earned a Neutral rating due to an analyst call from Nomura, while analysts from Cowen on May 23, 2019 suggested that the stock is Outperform.

Spotify Technology S.A. (NYSE:SPOT) adds $1.03 on Thursday

The SPOT stock has risen 22.52% year-to-date and is currently trading at $139.06, which is -13.83% below its 52-week high. The company shares gained 0.75% on the day and have risen nearly 34.63% off a low hit. At current levels, Spotify Technology S.A. has a valuation of about $7.06B. However, recent Spotify Technology S.A. stock performance shows that SPOT shares are 17.62% up over the last month, and 0.75% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are -$0.21, with the trailing 12-month share earnings at $2.77. The ratio is expected to be down by -16.30% for the current year 2019 and 71.90% for next year. Over the next 5-year period, earnings per share will be 130.55%. But will the SPOT stock surprise in the current quarter results, where the $0.4 actual EPS reported on 9/29/2019 surprised by 229.00% or was higher by $0.71 from the estimated -$0.31.

Sales Growth to climb 24.40% for the year

How well will Spotify Technology S.A. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $2.06B and $2.13B in current quarter sales. The consensus estimated for the current quarter is $2.09B from sales. Forecasts for this fiscal year are between $7.45B and $7.54B and the consensus estimate for sales is at $7.49B. SPOT has its next quarter sales estimates at between $2.04B and $2.15B, with the quarter-over-quarter growth estimates at 25.70% and the annual growth forecast for the year at 24.40%.

Who owns shares in Spotify Technology S.A. (SPOT)?

Let’s briefly focus on the share ownership of the Spotify Technology S.A. (NYSE:SPOT) stock, where we find that 0.00% of shares are held by institutions. Baillie Gifford and Company tops the list of institutional owners as it is holding 19.13 million shares or 10.67% of shares outstanding. Morgan Stanley and Technology Crossover Management VII, Ltd. held 13.56 million and 5.09 million representing 7.57% and 2.84% respectively at the close of the last trading session. As of Sep 29, 2019, Technology Crossover Management VIII, Ltd. accounted for 4.52 million shares at over 515.6 million. This represented 2.52% of shares outstanding. Wellington Management Company, LLP held 4.21 million shares at over 480.07 million representing 2.35% of shares outstanding.



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