Spotify Technology $SPOT Position Cut by Jag Capital Management LLC

Jag Capital Management LLC decreased its position in Spotify Technology (NYSE:SPOT) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,361 shares of the company’s stock after selling 22 shares during the quarter. Spotify Technology accounts for approximately 3.0% of Jag Capital Management LLC’s portfolio, making the stock its 8th largest position. Jag Capital Management LLC’s holdings in Spotify Technology were worth $27,134,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPOT. GAMMA Investing LLC raised its position in Spotify Technology by 38.1% in the first quarter. GAMMA Investing LLC now owns 1,305 shares of the company’s stock valued at $718,000 after purchasing an additional 360 shares during the period. Fifth Third Bancorp grew its stake in shares of Spotify Technology by 30.7% in the first quarter. Fifth Third Bancorp now owns 302 shares of the company’s stock worth $166,000 after acquiring an additional 71 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Spotify Technology by 35.1% in the first quarter. CVA Family Office LLC now owns 100 shares of the company’s stock worth $55,000 after acquiring an additional 26 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Spotify Technology by 238.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company’s stock worth $13,993,000 after acquiring an additional 17,932 shares in the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Spotify Technology by 18.3% in the first quarter. Ritholtz Wealth Management now owns 6,788 shares of the company’s stock worth $3,734,000 after acquiring an additional 1,052 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

NYSE SPOT opened at $691.38 on Tuesday. Spotify Technology has a 1 year low of $364.26 and a 1 year high of $785.00. The company has a market capitalization of $141.53 billion, a PE ratio of 167.81, a P/E/G ratio of 3.23 and a beta of 1.67. The company has a fifty day moving average of $699.82 and a two-hundred day moving average of $669.16.

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

Wall Street Analyst Weigh In

SPOT has been the subject of several research reports. Benchmark dropped their price target on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group downgraded shares of Spotify Technology from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $765.00 to $770.00 in a research note on Tuesday, September 30th. Evercore ISI boosted their price target on shares of Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research note on Monday, June 16th. Phillip Securities upgraded shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 4th. Finally, BNP Paribas upgraded shares of Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Company 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.