FY2026 EPS Estimates for SPOT Decreased by Erste Group Bank

Spotify Technology (NYSE:SPOT) – Investment analysts at Erste Group Bank reduced their FY2026 earnings estimates for shares of Spotify Technology in a research report issued to clients and investors on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $14.28 per share for the year, down from their previous forecast of $14.31. The consensus estimate for Spotify Technology’s current full-year earnings is $14.30 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $17.66 EPS.

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities cut their price target on shares of Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. UBS Group dropped their target price on Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a report on Friday, July 10th. Morgan Stanley raised their target price on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price target on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Citizens Jmp boosted their price target on Spotify Technology from $600.00 to $625.00 and gave the company a “market outperform” rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $609.05.

Spotify Technology Stock Down 0.5%

NYSE SPOT opened at $544.52 on Tuesday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $745.00. The stock has a market cap of $112.11 billion, a P/E ratio of 33.91, a PEG ratio of 1.34 and a beta of 1.58. The company’s 50-day simple moving average is $495.38 and its 200 day simple moving average is $489.71.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%.The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the business posted ($0.42) earnings per share. Spotify Technology’s revenue was up 13.9% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in Spotify Technology by 41,067.3% during the 2nd quarter. California State Teachers Retirement System now owns 74,357,940 shares of the company’s stock valued at $34,139,961,000 after purchasing an additional 74,177,316 shares in the last quarter. State Street Corp boosted its stake in Spotify Technology by 1.9% in the fourth quarter. State Street Corp now owns 4,712,249 shares of the company’s stock worth $2,736,450,000 after purchasing an additional 89,951 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Spotify Technology by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,869,472 shares of the company’s stock worth $2,247,042,000 after purchasing an additional 149,479 shares during the last quarter. Capital World Investors grew its holdings in shares of Spotify Technology by 4.9% during the fourth quarter. Capital World Investors now owns 2,863,821 shares of the company’s stock worth $1,663,024,000 after purchasing an additional 133,108 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Spotify Technology by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,665,512 shares of the company’s stock valued at $1,547,890,000 after buying an additional 62,887 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $478.45, for a total transaction of $9,967,548.85. Following the sale, the chief executive officer directly owned 20,259 shares of the company’s stock, valued at approximately $9,692,918.55. This represents a 50.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 66,773 shares in the company, valued at $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 52,538 shares of company stock worth $25,878,250. Company insiders own 0.40% of the company’s stock.

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.