Triasima Portfolio Management inc. Makes New $5.78 Million Investment in Spotify Technology $SPOT

Triasima Portfolio Management inc. bought a new position in shares of Spotify Technology (NYSE:SPOT) during the second quarter, HoldingsChannel.com reports. The firm bought 7,529 shares of the company’s stock, valued at approximately $5,777,000.

A number of other institutional investors also recently bought and sold shares of SPOT. Goldman Sachs Group Inc. boosted its position in Spotify Technology by 1,151.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,740,803 shares of the company’s stock worth $957,494,000 after purchasing an additional 1,601,653 shares in the last quarter. Jennison Associates LLC boosted its position in Spotify Technology by 42.3% during the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company’s stock worth $2,336,494,000 after purchasing an additional 1,262,614 shares in the last quarter. Nuveen LLC purchased a new stake in Spotify Technology during the first quarter worth $383,139,000. Axiom Investors LLC DE boosted its position in Spotify Technology by 216.8% during the first quarter. Axiom Investors LLC DE now owns 719,682 shares of the company’s stock worth $395,847,000 after purchasing an additional 492,504 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Spotify Technology by 39.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,178,907 shares of the company’s stock worth $648,434,000 after purchasing an additional 336,162 shares in the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Trading Down 0.1%

Spotify Technology stock opened at $679.89 on Wednesday. The firm has a market capitalization of $139.18 billion, a P/E ratio of 165.02, a PEG ratio of 3.22 and a beta of 1.67. The stock has a fifty day moving average price of $696.61 and a 200 day moving average price of $666.00. Spotify Technology has a 52 week low of $364.26 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm posted $1.33 EPS. Spotify Technology’s revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Spotify Technology will post 10.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their price target on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a report on Monday, June 16th. Guggenheim reissued a “buy” rating and issued a $850.00 price target on shares of Spotify Technology in a report on Wednesday, September 3rd. Citigroup boosted their price target on Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. boosted their price target on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, Pivotal Research boosted their price target on Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through 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.