Spotify Technology (NYSE:SPOT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Spotify Technology (NYSE:SPOT) have earned an average rating of “Moderate Buy” from the thirty-two research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $758.8621.

SPOT has been the topic of several recent analyst reports. Pivotal Research reduced their price target on shares of Spotify Technology from $900.00 to $875.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Wells Fargo & Company lifted their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Barclays lowered their price objective on Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, Phillip Securities raised shares of Spotify Technology from a “hold” rating to a “moderate buy” rating in a report on Monday, November 10th.

Spotify Technology Stock Performance

Shares of NYSE SPOT opened at $634.57 on Friday. The company has a market cap of $130.65 billion, a P/E ratio of 99.78, a P/E/G ratio of 2.10 and a beta of 1.67. Spotify Technology has a 52-week low of $443.21 and a 52-week high of $785.00. The firm’s fifty day moving average is $679.23 and its two-hundred day moving average is $684.31.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPOT. Sapient Capital LLC bought a new position in shares of Spotify Technology during the 2nd quarter worth about $322,000. Swedbank AB grew its holdings in shares of Spotify Technology by 1.4% during the first quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after purchasing an additional 13,458 shares during the last quarter. Legacy Capital Group California Inc. grew its holdings in Spotify Technology by 110.9% during 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. Harbor Investment Advisory LLC increased its holdings in shares of Spotify Technology by 36.0% in the second quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after purchasing an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock valued at $1,486,000 after buying an additional 769 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

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.