Spotify Technology (NYSE:SPOT – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-five research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $609.0476.
A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company reduced their target price on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. KeyCorp dropped their price objective on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Benchmark cut their target price on Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd.
View Our Latest Stock Report on Spotify Technology
Spotify Technology Stock Performance
Spotify Technology (NYSE:SPOT – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned ($0.42) EPS. Analysts predict that Spotify Technology will post 14.3 earnings per share for the current year.
Key Stories Impacting Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Spotify’s board approved an additional $1.5 billion for its share-repurchase program. Combined with approximately $723 million remaining under the existing authorization, the total available authorization rises to about $2.223 billion. Buybacks can support earnings per share, increase demand for the stock and signal management’s confidence in the company’s cash generation. Spotify Upsizes Share Repurchase Program by $1.5 Billion
- Positive Sentiment: Recent market commentary highlights Spotify’s improving margins, subscriber growth, pricing gains, earnings growth, cash flow and expanding monetization. These factors have helped the shares increase about 12.5% over the past month and reinforce the bullish case behind the capital-return announcement. SPOT Gains 12.5% in a Month as Growth Strength Meets Valuation Risk
- Neutral Sentiment: Spotify shares have shown substantial volatility over the past year. A recent analysis cited a GF Score of 77, suggesting favorable underlying business characteristics, but the stock’s wide trading range means investor sentiment may remain sensitive to execution and market conditions. Spotify Technology Shares Surge 3.3%
- Negative Sentiment: Analysts caution that Spotify’s premium valuation leaves less room for disappointing growth or heavier reinvestment. The recent rally has raised the bar for continued margin expansion, subscriber gains and monetization progress. Is Spotify Stock Worth Buying as Growth Meets a Premium Valuation?
- Negative Sentiment: Users reported login, feed, image-display and streaming problems during a Spotify outage. If prolonged or repeated, service disruptions could affect engagement and customer satisfaction, although the reports do not indicate a lasting financial impact. Spotify Outage Reports
Insider Buying and Selling at Spotify Technology
In related news, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $496.52, for a total value of $10,344,001.16. Following the transaction, the chief executive officer owned 20,376 shares of the company’s stock, valued at approximately $10,117,091.52. This trade represents a 50.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christopher P. Marshall sold 2,650 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the sale, the director owned 4,039 shares in the company, valued at $2,099,714.54. This represents a 39.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 81,498 shares of company stock worth $40,480,782. Company insiders own 0.40% of the company’s stock.
Institutional Trading of Spotify Technology
A number of hedge funds have recently modified their holdings of the business. Pin Oak Investment Advisors Inc. purchased a new position in shares of Spotify Technology during the second quarter valued at $27,000. Portus Wealth Advisors LLC purchased a new stake in Spotify Technology in the 1st quarter worth about $32,000. Kemnay Advisory Services Inc. purchased a new stake in Spotify Technology in the 4th quarter worth about $32,000. Whipplewood Advisors LLC grew its stake in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. Finally, Palladiem LLC purchased a new position in Spotify Technology during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.
Spotify Technology Company Profile
Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.
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