Spotify Technology $SPOT Stock Position Raised by Monetta Financial Services Inc.

Monetta Financial Services Inc. increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 20.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,900 shares of the company’s stock after buying an additional 500 shares during the period. Spotify Technology makes up approximately 1.6% of Monetta Financial Services Inc.’s portfolio, making the stock its 15th biggest position. Monetta Financial Services Inc.’s holdings in Spotify Technology were worth $2,225,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sound Income Strategies LLC grew 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 last quarter. GFG Capital LLC bought a new stake in shares of Spotify Technology in the 2nd quarter worth approximately $33,000. Truvestments Capital LLC acquired a new position in Spotify Technology during the 1st quarter valued at approximately $34,000. Avion Wealth acquired a new stake in Spotify Technology in the second quarter worth $38,000. Finally, SouthState Corp acquired a new position in shares of Spotify Technology during the first quarter valued at $39,000. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPOT. BNP Paribas Exane started coverage on shares of Spotify Technology in a research report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Oppenheimer upped their price objective on Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a report on Monday, August 18th. DZ Bank raised shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Citigroup lifted their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $758.86.

Spotify Technology Price Performance

Spotify Technology stock opened at $647.14 on Thursday. Spotify Technology has a fifty-two week low of $443.21 and a fifty-two week high of $785.00. The firm’s 50 day simple moving average is $681.87 and its 200-day simple moving average is $683.58. The company has a market cap of $133.24 billion, a P/E ratio of 101.75, a price-to-earnings-growth ratio of 2.11 and a beta of 1.67.

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

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.