Bouvel Investment Partners LLC bought a new stake in Spotify Technology (NYSE:SPOT – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,758 shares of the company’s stock, valued at approximately $5,731,000.
Other hedge funds have also added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. bought a new position in Spotify Technology in the 2nd quarter valued at approximately $27,000. Osbon Capital Management LLC bought a new position in shares of Spotify Technology during the fourth quarter valued at $35,000. Portus Wealth Advisors LLC bought a new position in Spotify Technology during the 1st quarter worth $32,000. Whipplewood Advisors LLC grew its position in shares of Spotify Technology by 423.1% in the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after buying an additional 55 shares during the last quarter. Finally, Palladiem LLC acquired a new stake in shares of Spotify Technology in the first quarter valued at about $34,000. 84.09% of the stock is owned by institutional investors.
Spotify Technology News Summary
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Easier Siri integration could improve engagement. Spotify users on Apple devices running iOS 27 can now ask Siri to play Spotify content without saying “on Spotify.” The streamlined voice experience may reduce friction and help Spotify compete more effectively for listening time. Spotify users on iOS 27 can now ask Siri to play music without having to say on Spotify
- Positive Sentiment: New commercial software effort may create an additional growth avenue. Spotify is reportedly launching “Spotify Technology” to sell internal software tools to other companies, positioning its technology organization as an external research-and-development platform. Revenue potential remains unproven, but the initiative could diversify the company beyond subscriptions and advertising. Spotify launches Spotify Technology to sell its internal software tools to other companies
- Positive Sentiment: Content and audiobook expansion support the long-term story. Spotify renewed its multiyear agreement with Joe Rogan, while its audiobook service is planned to expand from 22 markets to more than 180 by the end of 2026. These initiatives could strengthen retention, increase user engagement and broaden monetization opportunities, although licensing and expansion costs remain considerations. Spotify Won’t Let Go of Joe Rogan
- Neutral Sentiment: Valuation remains dependent on continued cash-flow growth. Commentary highlighting Spotify’s substantial multiyear share-price gains suggests investors are increasingly focused on whether new content deals and product lines can justify the company’s valuation and support future cash generation. Spotify Stock Looks Discounted As Its Run Continues
- Negative Sentiment: Analyst revisions are weighing on sentiment. Erste Group Bank reduced its Spotify earnings forecasts to $13.71 per share for fiscal 2026 from $14.07 and to $17.16 for fiscal 2027 from $17.52. Cantor Fitzgerald also cut its price target from $530 to $490 and maintained a neutral rating, implying downside from recent trading levels. Spotify Technology Price Target Cut by Cantor Fitzgerald
Insider Transactions at Spotify Technology
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Guggenheim reissued a “buy” rating and set a $565.00 price objective on shares of Spotify Technology in a research report on Wednesday, August 5th. KeyCorp cut their price target on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Finally, Piper Sandler assumed coverage on shares of Spotify Technology in a research report on Thursday, October 8th. They issued a “neutral” rating and a $540.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus target price of $610.25.
Check Out Our Latest Research Report on Spotify Technology
Spotify Technology Stock Performance
Spotify Technology stock traded down $0.80 during midday trading on Tuesday, hitting $528.00. 1,252,400 shares of the company’s stock were exchanged, compared to its average volume of 2,206,249. The stock has a 50-day moving average price of $518.49 and a two-hundred day moving average price of $494.22. The company has a market cap of $108.70 billion, a P/E ratio of 32.88, a PEG ratio of 1.62 and a beta of 1.61. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $700.12.
Spotify Technology (NYSE:SPOT – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) earnings per share. As a group, sell-side analysts expect that Spotify Technology will post 13.81 earnings per share for the current year.
Spotify Technology Profile
Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.
Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.
Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.
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