Erste Group Bank Issues Negative Estimate for SPOT Earnings

Spotify Technology (NYSE:SPOT) – Investment analysts at Erste Group Bank reduced their FY2027 EPS estimates for shares of Spotify Technology in a research report issued to clients and investors on Monday, July 27th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $17.60 per share for the year, down from their prior forecast of $17.70. The consensus estimate for Spotify Technology’s current full-year earnings is $14.46 per share.

Several other research analysts also recently weighed in on the company. Weiss Ratings downgraded Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald boosted their price target on Spotify Technology from $430.00 to $520.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. KeyCorp lowered their target price on shares of Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their price target on shares of Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Pivotal Research lowered their price objective on shares of Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $630.70.

Spotify Technology Trading Up 3.5%

NYSE SPOT opened at $512.11 on Wednesday. The firm’s fifty day simple moving average is $484.06 and its two-hundred day simple moving average is $486.68. The firm has a market capitalization of $105.43 billion, a P/E ratio of 40.81, a P/E/G ratio of 1.23 and a beta of 1.56. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $748.30.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.63. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. Spotify Technology’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share.

Institutional Trading of Spotify Technology

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of Spotify Technology by 12.9% in the 4th quarter. Principal Financial Group Inc. now owns 645,196 shares of the company’s stock valued at $374,672,000 after acquiring an additional 73,722 shares during the last quarter. City Holding Co. boosted its holdings in Spotify Technology by 2,515.9% in the fourth quarter. City Holding Co. now owns 5,598 shares of the company’s stock valued at $3,251,000 after purchasing an additional 5,384 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in Spotify Technology in the fourth quarter valued at approximately $1,162,000. Robeco Schweiz AG raised its holdings in Spotify Technology by 37.6% during the fourth quarter. Robeco Schweiz AG now owns 18,544 shares of the company’s stock worth $10,769,000 after purchasing an additional 5,071 shares in the last quarter. Finally, Sycale Advisors NY LLC raised its holdings in Spotify Technology by 89.6% during the fourth quarter. Sycale Advisors NY LLC now owns 36,075 shares of the company’s stock worth $20,949,000 after purchasing an additional 17,050 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Insider Transactions at Spotify Technology

In related news, Director Sven Hans Martin Lorentzon sold 35,380 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the completion of the sale, the director directly owned 6,383 shares in the company, valued at approximately $3,355,734.59. This trade represents a 84.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher P. Marshall sold 2,650 shares of the company’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 value of $1,377,629.00. Following the completion of the transaction, the director owned 4,039 shares in the company, valued at $2,099,714.54. This represents a 39.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 111,442 shares of company stock worth $54,757,553 in the last three months. 0.40% of the stock is owned by corporate insiders.

Spotify Technology News Roundup

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

• Positive Sentiment: KeyCorp maintains an Overweight rating and $680 price target. The firm projects Spotify will earn $27.06 per share in FY2028, well above its current-year consensus estimate of $14.46, signaling confidence in the company’s long-term earnings growth.
• Positive Sentiment: Potentially strong user growth is supporting the investment case. A Q2 preview argues that Spotify’s shares look attractive and expects solid user additions, which could help offset concerns about previously cautious second-quarter guidance. Spotify Q2 Preview: Expecting Strong User Growth, Shares Attractive
• Positive Sentiment: Spotify is expanding engagement through Snapchat. Snapchat’s new real-time music-sharing integration could increase Spotify content discovery and listening, although the near-term financial contribution is uncertain. Snapchat introduces real-time music sharing through Spotify integration
• Neutral Sentiment: Q2 results are scheduled for August 4. Investors are likely to watch subscriber growth, advertising trends, margins and management’s outlook, particularly because Spotify’s prior Q1 report included softer-than-expected Q2 guidance.
• Neutral Sentiment: Recent market coverage notes that Spotify has outperformed the broader market in the latest session, but the move appears more related to positioning and expectations ahead of earnings than to a new fundamental result. Spotify Rises Higher Than Market: Key Facts
• Negative Sentiment: KeyCorp lowered several near- and medium-term EPS forecasts. Its estimates fell to $3.78 for Q2 2026, $4.03 for Q3, $4.92 for Q4, $16.64 for FY2026 and $21.61 for FY2027. Erste Group also trimmed its FY2027 estimate to $17.60, indicating some pressure on earnings expectations.
• Negative Sentiment: Pre-earnings indicators are mixed. Zacks says Spotify lacks the combination of factors typically associated with a likely earnings beat, increasing the risk of volatility around the August report. Spotify Earnings Expected to Grow: Should You Buy?

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.