Monument Capital Management Has $313,000 Stock Holdings in Spotify Technology $SPOT

Monument Capital Management grew its position in shares of Spotify Technology (NYSE:SPOT) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 408 shares of the company’s stock after purchasing an additional 36 shares during the quarter. Monument Capital Management’s holdings in Spotify Technology were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Joel Isaacson & Co. LLC boosted its stake in shares of Spotify Technology by 1.0% during the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after purchasing an additional 15 shares in the last quarter. Ignite Planners LLC lifted its stake in shares of Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock worth $489,000 after acquiring an additional 15 shares during the period. Hartford Investment Management Co. lifted its stake in shares of Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after acquiring an additional 16 shares during the period. Stonekeep Investments LLC lifted its stake in shares of Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after acquiring an additional 16 shares during the period. Finally, Moody National Bank Trust Division lifted its stake in shares of Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after acquiring an additional 16 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $685.66 on Friday. The company has a market cap of $140.36 billion, a P/E ratio of 166.42, a PEG ratio of 3.19 and a beta of 1.67. The stock has a 50 day simple moving average of $699.20 and a two-hundred day simple moving average of $667.01. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPOT shares. Argus started coverage on Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective on the stock. Canaccord Genuity Group lifted their price objective on Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $679.00 price objective on shares of Spotify Technology in a research note on Wednesday, October 1st. Evercore ISI lifted their price objective on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research note on Monday, June 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $731.16.

About Spotify Technology

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.