Spotify Technology (NYSE:SPOT) Stock Keeps “Neutral” Rating at Piper Sandler

Spotify Technology (NYSE:SPOT)‘s stock had its “neutral” rating restated by Piper Sandler in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $580.00 target price on the stock, up from their previous target price of $540.00. Piper Sandler‘s price target points to a potential downside of 0.89% from the company’s current price.

Several other brokerages have also recently issued reports on SPOT. Morgan Stanley upped their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Argus reiterated a “buy” rating and issued a $600.00 price objective on shares of Spotify Technology in a research note on Thursday, August 13th. Wells Fargo & Company increased their price objective on Spotify Technology from $570.00 to $660.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $618.00.

Spotify Technology Trading Up 0.3%

SPOT traded up $1.56 during trading hours on Friday, hitting $585.22. 1,311,981 shares of the company’s stock were exchanged, compared to its average volume of 2,199,623. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $676.67. The firm has a 50 day moving average of $525.20 and a 200 day moving average of $497.27. The firm has a market cap of $120.49 billion, a P/E ratio of 36.40, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. Spotify Technology’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.42) earnings per share. As a group, research analysts expect that Spotify Technology will post 13.66 EPS for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In related news, CEO Gustav Söderström sold 20,910 shares of Spotify Technology stock in a transaction on Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the transaction, the chief executive officer directly owned 19,908 shares in the company, valued at $10,553,828.04. This trade represents a 51.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 68,092 shares of company stock valued at $35,762,410. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. acquired a new position in shares of Spotify Technology during the second quarter worth about $27,000. Portus Wealth Advisors LLC purchased a new position in Spotify Technology during the first quarter worth about $32,000. Whipplewood Advisors LLC lifted its position in Spotify Technology by 423.1% in the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Palladiem LLC acquired a new stake in Spotify Technology in the first quarter valued at about $34,000. Finally, Tsfg LLC boosted its holdings in Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology News Roundup

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify reported 306 million premium subscribers, up 9% year over year and one million above guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Revenue increased approximately 16% year over year to €4.97 billion, while gross margin expanded to 33% and operating income exceeded company guidance. Spotify expects further margin improvement as expense growth moderates. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management highlighted advertising recovery, AI-powered personalization through its “taste model,” audiobooks and AI-agent integrations as potential growth drivers. The company said AI is helping accelerate product launches without increasing headcount significantly. Spotify Q3 Earnings Call Highlights Ad Recovery and Cost Control
• Positive Sentiment: Several analysts raised their price targets following the results, including Wells Fargo to $660, Barclays and Guggenheim to $650, and Citizens JMP to $625, generally maintaining bullish ratings. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify guided to roughly $6.0 billion of fourth-quarter revenue, broadly matching consensus. It also expects approximately 818 million MAUs and 316 million premium subscribers, implying continued growth.
• Negative Sentiment: Quarterly EPS missed analyst expectations, and revenue was slightly below estimates. The earnings shortfall contrasts with the strong subscriber performance and could limit near-term upside. Spotify Q3 Earnings Miss Estimates
• Negative Sentiment: Not all analysts turned bullish: TD Cowen reaffirmed a Hold rating with a $525 target, while Cantor Fitzgerald maintained Neutral with a $550 target, both below the prevailing share price. TD Cowen Spotify Rating

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.