Focus Financial Network Inc. Has $493,000 Position in Spotify Technology $SPOT

Focus Financial Network Inc. increased its holdings in shares of Spotify Technology (NYSE:SPOT) by 11.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 642 shares of the company’s stock after acquiring an additional 65 shares during the period. Focus Financial Network Inc.’s holdings in Spotify Technology were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SPOT. Tsfg LLC bought a new position in Spotify Technology during the 1st quarter valued at about $28,000. Copia Wealth Management bought a new position in Spotify Technology during the 4th quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its holdings in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Spotify Technology during the 1st quarter valued at about $34,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Stock Up 0.1%

Shares of SPOT stock opened at $735.19 on Friday. The company’s fifty day simple moving average is $693.21 and its 200-day simple moving average is $653.48. The firm has a market cap of $150.50 billion, a PE ratio of 178.44, a P/E/G ratio of 3.16 and a beta of 1.71. Spotify Technology has a 12 month low of $362.00 and a 12 month high of $785.00.

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

Wall Street Analyst Weigh In

SPOT has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of Spotify Technology from $650.00 to $750.00 and gave the company an “outperform” rating in a report on Monday, June 16th. Guggenheim reaffirmed a “buy” rating and issued a $850.00 target price on shares of Spotify Technology in a research note on Wednesday, September 3rd. Oppenheimer boosted their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research note on Monday, August 18th. BNP Paribas Exane started coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 target price for the company. Finally, Barclays dropped their target price on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $726.84.

About Spotify Technology

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.