Comprehensive Financial Planning Inc. PA Invests $274,000 in Spotify Technology $SPOT

Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Spotify Technology (NYSE:SPOT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 357 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 acquiring an additional 25 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of Spotify Technology in the second quarter valued at about $33,000. Avion Wealth purchased a new stake in shares of Spotify Technology during the second quarter worth $38,000. Truvestments Capital LLC acquired a new stake in Spotify Technology during the first quarter worth about $34,000. Finally, Putney Financial Group LLC boosted its holdings in Spotify Technology by 244.4% during the 2nd quarter. Putney Financial Group LLC now owns 62 shares of the company’s stock valued at $48,000 after acquiring an additional 44 shares during the period. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

SPOT has been the subject of a number of recent research reports. Cantor Fitzgerald increased their price target on shares of Spotify Technology from $640.00 to $675.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Guggenheim dropped their price objective on shares of Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a research note on Tuesday, September 16th. Citigroup raised their target price on Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Finally, DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $729.94.

Spotify Technology Trading Up 2.7%

Shares of NYSE:SPOT opened at $640.05 on Wednesday. The stock has a market capitalization of $131.78 billion, a PE ratio of 100.64, a P/E/G ratio of 2.06 and a beta of 1.67. The firm has a fifty day moving average price of $682.87 and a 200 day moving average price of $683.83. Spotify Technology has a 1 year low of $411.40 and a 1 year high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

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.