Aequim Alternative Investments LP Acquires 7,500 Shares of Spotify Technology $SPOT

Aequim Alternative Investments LP raised its position in Spotify Technology (NYSE:SPOT) by 30.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,500 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Aequim Alternative Investments LP’s holdings in Spotify Technology were worth $24,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its position in shares of Spotify Technology by 1.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after acquiring an additional 15 shares during the period. Ignite Planners LLC increased its position in shares of Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after acquiring an additional 15 shares during the period. Hartford Investment Management Co. increased its position in shares of Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after acquiring an additional 16 shares during the period. Stonekeep Investments LLC increased its position in shares of Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock valued at $593,000 after acquiring an additional 16 shares during the period. Finally, Moody National Bank Trust Division increased its position in shares of Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock valued at $2,249,000 after acquiring an additional 16 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

NYSE:SPOT opened at $645.22 on Monday. Spotify Technology has a one year low of $376.00 and a one year high of $785.00. The company’s 50-day simple moving average is $696.53 and its 200 day simple moving average is $677.57. The firm has a market capitalization of $132.08 billion, a P/E ratio of 156.61, a PEG ratio of 3.08 and a beta of 1.67.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Benchmark reduced their price target on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Rosenblatt Securities reiterated a “neutral” rating and set a $679.00 price target on shares of Spotify Technology in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and boosted their price target for the company from $765.00 to $770.00 in a research report on Tuesday, September 30th. Finally, Canaccord Genuity Group boosted their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

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.