Why Acast stock moves
Acast fell, moving more than the market, which was down clearly.
Written after the close on ·
Why today
21,458 news analyzed todayAcast fell, moving more than the market, which was down clearly.
No company news from that session explains it.
Over the last five trading days, Acast fell sharply while the market was roughly flat.
The stock's drop came after the Q3 report, which showed record revenue but a share reaction that was already weak; the wider sector was positive over the following days.
Short positions rose recently, which can add pressure but does not prove why the price moved.
Today's move of −3.30% was 3.3 times a normal day's 1.0%. OMX Stockholm 30 moved −1.01% on the same day.
Acast −3.30%OMX Stockholm 30 −1.01%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Acast.
Ratings
Price targets
Latest price 28.10 SEK
For the current fiscal year, expected earnings per share changed from 0.80 SEK three months ago to 0.81 SEK now. 2026 estimate: 0.81 SEK. 2027 estimate: 1.41 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. August 12: Buy about 183 thousand SEK. March 12: Buy about 99 thousand SEK. February 19: Buy about 121 thousand SEK. February 18: Buy about $10K. February 18: Buy about 56 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +119% and earnings per share went from 0.42 SEK to -0.62 SEK.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): 5.1 bn SEKRevenue 2025: 2.5 bn SEK
What the key figures say about Acast
The figures connect what Acast earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -1.59 SEK–0.42 SEK. Peers: Viaplay Group -0.29 SEK, Parken Sport & Entertainment 22.33 DKK, AGF -0.01 DKK. 2026 estimate: 0.81 SEK (0.76 SEK–0.84 SEK). 2027 estimate: 1.41 SEK (1.35 SEK–1.53 SEK).
What the company sold during the year.
2022–2025: 1.4 bn SEK–2.5 bn SEK. Peers: Viaplay Group 21.0 bn SEK, Parken Sport & Entertainment 2.0 bn DKK, AGF 231 m DKK. 2026 estimate: 3.1 bn SEK (3.1 bn SEK–3.2 bn SEK). 2027 estimate: 3.7 bn SEK (3.6 bn SEK–3.8 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: −25.4%–−0.7%. Peers: Viaplay Group 2.8%, Parken Sport & Entertainment 7.5%, AGF −5.7%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −21.9%–6.2%. Peers: Viaplay Group −50.0%, Parken Sport & Entertainment 17.6%, AGF −2.7%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 37.4–37.4. Peers: Parken Sport & Entertainment 11.3. 2026 estimate: 34.2. 2027 estimate: 19.7.
What investors pay for each unit the company sells.
2022–2025: 0.85–2.49. Peers: Viaplay Group 0.27, Parken Sport & Entertainment 1.22, AGF 2.19. 2026 estimate: 1.64. 2027 estimate: 1.39.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -5.49–-5.49. Peers: Viaplay Group 5.02, Parken Sport & Entertainment 1.75, AGF -3.97.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 0.91–5.31. Peers: Viaplay Group 2.75, Parken Sport & Entertainment 1.79, AGF 1.88.
Cash left after investments, divided by the number of shares.
2022–2025: -1.86 SEK–-0.02 SEK. Peers: Viaplay Group -0.26 SEK, Parken Sport & Entertainment 9.71 DKK, AGF -0.09 DKK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 55.6%–70.2%.
What followed similar falls?
Including reinvested dividends, Acast fell 6.7% over the latest five trading days. Since June 17, 2021, falls at least this large were followed by a higher value 21 trading days later in 15 out of 29 non-overlapping periods. The median was +0.6%, against +0.2% for an ordinary 21-day period, which ended higher 50 times in 100.
Such a fall has not said much about the next month.
+0.6% · 15/29
More about Acast
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Anders Hägg, senior executiveBuyabout 183 thousand SEK
- Daniel Adrian, senior executiveBuyabout 99 thousand SEK
- Anders Hägg, CFOBuyabout 121 thousand SEK
- Gregory Glenday, CEOBuyabout $10K
- Björn Jeffery, board memberBuyabout 56 thousand SEK
Earnings report
On its last 16 report days Acast usually moved about 3.8%. On a normal day it moves 1.0%.
−5.86% Why? −1.58% +2.19% +0.35%
10,000 SEK in Acast bought on June 17, 2021 is worth 7,370 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 16,600 SEK.
What would 10,000 SEK in Acast be worth today? →
What would 10,000 SEK in Acast be worth today?
7,370 SEK
with dividends reinvested, bought on June 17, 2021. The same amount in OMX Stockholm 30 with dividends would have become 16,600 SEK.
At worst it was worth 1,310 SEK (November 24, 2022).
The five biggest days of the journey
· +19.5% · the whole market rose 0.2% the same day · report day
· +16.6% · the whole market rose 0.4% the same day
· +14.3% · the whole market fell 1.0% the same day
· +13.2% · the whole market rose 1.0% the same day · report day
· +13.0% · the whole market rose 1.0% the same day
Earlier days
−6.71% market −0.11% Acast fell sharply over the last five trading days, while the broader Stockholm market was roughly flat. Read →
Acast fell sharply over the last five trading days, while the broader Stockholm market was roughly flat.
The drop was big for Acast, roughly twice a normal five-day move, and such moves have happened only about ten times in the past year.
The most likely driver is the company's record third-quarter report, published before this week, which many investors seem to have sold on despite strong growth.
Analysts also cut their price targets, the share prices they see as fair, after the report.
+1.95% market +0.83% Acast rose clearly, more than the market. Read →
Acast rose clearly, more than the market.
The only company news from that session was a podcast audio documentary season launch.
The stock moved more than OMX Stockholm 30 and no company news explains it clearly.
Over the last five trading days Acast fell sharply while the market rose slightly.
The strong third-quarter report last week, with record sales and margins, was followed by weaker trading and analyst price target cuts.
−4.24% market −0.08% Acast fell sharply. Read →
Acast fell sharply.
That day's news called it a revenue record and said Acast sees potential in larger ad deals, but that is not clearly the cause.
Over the last five trading days the stock fell very sharply and moved against a slightly rising OMX Stockholm 30.
−8.02% market +3.01% Acast fell sharply over the week, moving against a rising market. Read →
Acast fell sharply over the week, moving against a rising market.
The fall was big for Acast, rare in the past year.
The likely driver was its third-quarter report on 28 October, which showed record sales and profit but still disappointed some investors.
Analysts then cut their price targets, the share prices they see as fair, on 28 and 29 October.
−2.46% market +0.41% Acast fell sharply, against a rising market. Read →
Acast fell sharply, against a rising market.
Barclays cut its price target, the share price it sees as fair, to SEK 33 from 39 and kept its equal weight rating, meaning neutral.
The move was big for Acast, with volume well above normal.
Over the last five trading days, Acast fell sharply while the OMX Stockholm 30 rose sharply, so the stock lagged the market.
−5.86% market +0.33% Acast fell very sharply. Read →
Acast fell very sharply.
Acast fell very sharply in the last session, moving against a market that rose slightly over the same days.
The day's report showed record revenue and margins, with North American sales up 54%, yet the shares still fell.
Analysts such as ABG Sundal Collier lowered their price target to SEK 43 from SEK 47 while keeping a Buy rating, suggesting a higher bar for the stock.
The move was about five times a normal day for Acast and trading volume was far above usual, so it was a very big day.
Learn more · Why do stocks go up and down?