Csenge Advisory Group Buys 2,317 Shares of Spotify Technology $SPOT

Csenge Advisory Group grew its position in Spotify Technology (NYSE:SPOT) by 277.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,151 shares of the company’s stock after purchasing an additional 2,317 shares during the quarter. Csenge Advisory Group’s holdings in Spotify Technology were worth $2,199,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPOT. Knuff & Co LLC acquired a new position in Spotify Technology during the 2nd quarter worth $27,000. Total Investment Management Inc. bought a new position in shares of Spotify Technology in the second quarter worth about $29,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Spotify Technology during the 3rd quarter worth about $27,000. Sound Income Strategies LLC boosted its stake in Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after purchasing an additional 25 shares during the period. Finally, GFG Capital LLC bought a new stake in Spotify Technology during the 2nd quarter valued at approximately $33,000. 84.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SPOT. UBS Group dropped their price target on Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Argus assumed coverage on shares of Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 price objective on the stock. Citizens Jmp initiated coverage on shares of Spotify Technology in a research note on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 target price for the company. Barclays reduced their price target on shares of Spotify Technology from $750.00 to $700.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Finally, Benchmark dropped their price objective on shares of Spotify Technology from $860.00 to $760.00 and set a “buy” rating on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $743.90.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Analysts and bullish commentators argue the $1 increase to the U.S. Individual plan ($11.99 → $12.99) will meaningfully lift revenue and operating leverage because incremental subscription dollars have high flow-through and low acquisition cost; MarketBeat’s deep dive highlights stronger margins, record free cash flow and a path to improved EPS. Spotify’s Price Hike: Why Subscribers Will Pay Up
• Positive Sentiment: Some buy-side commentary views the pullback as a buying opportunity; Seeking Alpha recommends “buy the dip,” arguing the price increase should boost margins and EPS with limited churn. Spotify: Buy The Dip As $12.99 Price Takes Hold
• Positive Sentiment: Benchmark cut its price target from $860 to $760 but kept a Buy rating — signaling continued analyst confidence in longer-term upside despite the reset. Benzinga coverage of Benchmark target change
• Neutral Sentiment: Multiple outlets (Reuters, CNBC, TechCrunch, WSJ) reported Spotify will raise Premium prices in the U.S., Estonia and Latvia effective next month — a factual development that triggered immediate market reaction but whose net impact depends on realized churn and royalty margins. Spotify to raise premium subscription price to $12.99 a month in select markets
• Negative Sentiment: Near-term market response was negative: the stock pulled back after the announcement, reflecting investor concern about potential subscriber cancellations and investor rotation away from richly valued growth names. Spotify (SPOT) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Some institutional notes are cautious—Wells Fargo published a pessimistic forecast highlighting downside risk if churn accelerates or competitive pricing pressure intensifies. Wells Fargo & Company Issues Pessimistic Forecast for Spotify
• Negative Sentiment: Critical coverage frames the raise as another consumer-cost squeeze amid broader inflation concerns, which could amplify sensitivity to future price actions. Spotify just announced another price hike. Here’s what’s really driving it

Spotify Technology Price Performance

Shares of SPOT stock opened at $505.04 on Friday. Spotify Technology has a one year low of $475.01 and a one year high of $785.00. The stock has a fifty day moving average price of $582.72 and a 200 day moving average price of $651.80. The stock has a market cap of $103.98 billion, a P/E ratio of 79.41, a price-to-earnings-growth ratio of 0.96 and a beta of 1.66.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $1.96. The company had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS. Equities research analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology 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.