FNY Investment Advisers LLC Takes Position in Spotify Technology $SPOT

FNY Investment Advisers LLC purchased a new stake in shares of Spotify Technology (NYSE:SPOT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,973 shares of the company’s stock, valued at approximately $1,513,000.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in shares of Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after purchasing an additional 25 shares during the period. GFG Capital LLC bought a new position in Spotify Technology during the second quarter valued at about $33,000. Cornerstone Planning Group LLC boosted its stake in Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Tsfg LLC bought a new position in Spotify Technology during the first quarter valued at about $28,000. Finally, Truvestments Capital LLC bought a new position in Spotify Technology during the first quarter valued at about $34,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on SPOT. BNP Paribas Exane began coverage on Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 target price for the company. BNP Paribas raised Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft raised their target price on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein raised their target price on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Finally, Oppenheimer raised their target price on Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Stock Up 1.9%

NYSE:SPOT opened at $688.54 on Wednesday. Spotify Technology has a 1-year low of $376.00 and a 1-year high of $785.00. The firm has a market capitalization of $140.95 billion, a price-to-earnings ratio of 167.12, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. The stock has a fifty day simple moving average of $699.13 and a 200 day simple moving average of $673.70.

Spotify Technology (NYSE:SPOT) last released its quarterly 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 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 last year, the business earned $1.33 EPS. The company’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. Equities analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

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.