SPOT vs. TME, SIRI, TSQ, IHRT, SGA, UONE, UONEK, CMLS, BBGI, and SALM
Should you be buying Spotify Technology stock or one of its competitors? The main competitors of Spotify Technology include Tencent Music Entertainment Group (TME), Sirius XM (SIRI), Townsquare Media (TSQ), iHeartMedia (IHRT), Saga Communications (SGA), Urban One (UONE), Urban One (UONEK), Cumulus Media (CMLS), Beasley Broadcast Group (BBGI), and Salem Media Group (SALM). These companies are all part of the "radio broadcasting stations" industry.
Tencent Music Entertainment Group (NYSE:TME) and Spotify Technology (NYSE:SPOT) are both large-cap computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their community ranking, risk, earnings, dividends, profitability, valuation, analyst recommendations, institutional ownership and media sentiment.
Tencent Music Entertainment Group has higher earnings, but lower revenue than Spotify Technology. Spotify Technology is trading at a lower price-to-earnings ratio than Tencent Music Entertainment Group, indicating that it is currently the more affordable of the two stocks.
In the previous week, Spotify Technology had 8 more articles in the media than Tencent Music Entertainment Group. MarketBeat recorded 14 mentions for Spotify Technology and 6 mentions for Tencent Music Entertainment Group. Spotify Technology's average media sentiment score of 1.69 beat Tencent Music Entertainment Group's score of 0.64 indicating that Tencent Music Entertainment Group is being referred to more favorably in the media.
Spotify Technology received 244 more outperform votes than Tencent Music Entertainment Group when rated by MarketBeat users. Likewise, 60.50% of users gave Spotify Technology an outperform vote while only 57.71% of users gave Tencent Music Entertainment Group an outperform vote.
24.3% of Tencent Music Entertainment Group shares are held by institutional investors. Comparatively, 84.1% of Spotify Technology shares are held by institutional investors. 0.4% of Spotify Technology shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Tencent Music Entertainment Group has a net margin of 18.88% compared to Tencent Music Entertainment Group's net margin of -0.80%. Spotify Technology's return on equity of 9.85% beat Tencent Music Entertainment Group's return on equity.
Tencent Music Entertainment Group currently has a consensus price target of $12.75, suggesting a potential downside of 11.80%. Spotify Technology has a consensus price target of $306.42, suggesting a potential upside of 3.25%. Given Tencent Music Entertainment Group's higher possible upside, analysts clearly believe Spotify Technology is more favorable than Tencent Music Entertainment Group.
Tencent Music Entertainment Group has a beta of 0.77, indicating that its share price is 23% less volatile than the S&P 500. Comparatively, Spotify Technology has a beta of 1.61, indicating that its share price is 61% more volatile than the S&P 500.
Summary
Tencent Music Entertainment Group and Spotify Technology tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding SPOT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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