Spotify Technology (NYSE:SPOT – Get Free Report) was downgraded by stock analysts at Stonex Financia from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.
A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company cut their price target on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Piper Sandler started coverage on Spotify Technology in a research note on Thursday, October 8th. They issued a “neutral” rating and a $540.00 price objective for the company. UBS Group dropped their target price on Spotify Technology from $690.00 to $675.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Rosenblatt Securities dropped their target price on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and an average target price of $610.25.
Check Out Our Latest Stock Report on SPOT
Spotify Technology Trading Up 1.7%
Spotify Technology stock opened at $532.69 on Wednesday. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $696.95. The firm has a market capitalization of $109.67 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.61. The firm’s fifty day moving average price is $521.34 and its two-hundred day moving average price is $495.34.
Spotify Technology (NYSE:SPOT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.42) earnings per share. On average, research analysts forecast that Spotify Technology will post 13.77 EPS for the current year.
Insider Buying and Selling
In other Spotify Technology news, CEO Gustav Söderström sold 20,910 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $530.13, for a total value of $11,085,018.30. Following the completion of the transaction, the chief executive officer owned 19,908 shares in the company, valued at $10,553,828.04. This represents a 51.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock valued at $35,762,410 over the last ninety days. 0.40% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Spotify Technology
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its holdings in shares of Spotify Technology by 20.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after buying an additional 286,844 shares during the last quarter. Tiger Global Management LLC increased its holdings in Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock worth $766,527,000 after buying an additional 319,300 shares during the last quarter. Amundi increased its holdings in Spotify Technology by 20.0% during the first quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after buying an additional 183,994 shares during the last quarter. Principal Financial Group Inc. raised its position in Spotify Technology by 53.4% in the first quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after acquiring an additional 344,471 shares during the period. Finally, Sei Investments Co. raised its position in Spotify Technology by 1.8% in the first quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock worth $363,415,000 after acquiring an additional 13,381 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Spotify outperformed the broader market in the latest session, suggesting investors may be focusing on its improving profitability and long-term growth prospects ahead of its upcoming earnings report. Why Spotify outpaced the stock market
- Positive Sentiment: Baillie Gifford highlighted Spotify’s potential to benefit from artificial-intelligence-driven personalization and deeper listener insights, which could support engagement, targeting and monetization over time. Spotify AI personalization opportunity
- Positive Sentiment: Expanded Siri functionality in Apple’s iOS 27 makes Spotify easier to control by voice, potentially improving discovery and usage among iPhone customers. Spotify Siri integration
- Neutral Sentiment: StoneX downgraded SPOT to Hold from Buy, citing limited near-term catalysts for revenue per user and higher payments to record labels. The call adds pressure to a stock trading at a premium earnings multiple. StoneX Spotify downgrade
- Neutral Sentiment: Spotify is expected to report earnings soon, but analysts anticipate a decline in earnings and see limited evidence of a likely consensus beat. Investors will focus on margins, subscriber trends and management’s outlook. Spotify earnings expectations
- Negative Sentiment: Reports that lossless audio is disrupting the Spotify desktop application could hurt customer satisfaction and complicate the rollout of a higher-quality service. Spotify lossless audio issues
- Negative Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares, reducing his direct holdings by more than half. The filing says the sale covered tax withholding on vested equity awards, which limits—but does not eliminate—the negative signaling effect. Spotify CEO SEC filing
Spotify Technology Company 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.
Featured Stories
- Five stocks we like better than Spotify Technology
- ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Spotify Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spotify Technology and related companies with MarketBeat.com's FREE daily email newsletter.
