Yeomans Consulting Group Inc. Invests $291,000 in Spotify Technology $SPOT

Yeomans Consulting Group Inc. acquired a new stake in shares of Spotify Technology (NYSE:SPOT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 403 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sapient Capital LLC bought a new position in shares of Spotify Technology in the second quarter worth $322,000. Legacy Capital Group California Inc. increased its stake in Spotify Technology by 110.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after acquiring an additional 2,049 shares during the last quarter. Swedbank AB raised its holdings in shares of Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock valued at $527,802,000 after acquiring an additional 13,458 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Spotify Technology by 36.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after acquiring an additional 544 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Spotify Technology by 39.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock worth $1,486,000 after purchasing an additional 769 shares in the last quarter. Institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SPOT shares. Evercore ISI upped their price objective on shares of Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. Benchmark lowered their price objective 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. JPMorgan Chase & Co. lifted their price objective on shares of Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a report on Monday. Cantor Fitzgerald increased their target price on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Finally, DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Spotify Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Trading Up 1.0%

SPOT opened at $707.70 on Friday. The company has a market cap of $144.87 billion, a P/E ratio of 171.77, a P/E/G ratio of 3.32 and a beta of 1.67. Spotify Technology has a 12 month low of $362.31 and a 12 month high of $785.00. The business’s 50-day moving average price is $696.08 and its 200-day moving average price is $663.52.

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

Spotify Technology Company 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.