Spotify Technology (NYSE:SPOT) Stock Rating Reaffirmed as “Neutral” by Rosenblatt Securities

Spotify Technology (NYSE:SPOT)‘s stock had its “neutral” rating reissued by stock analysts at Rosenblatt Securities in a report released on Tuesday, October 20th, Benzinga reports. They presently have a $527.00 target price on the stock. Rosenblatt Securities‘s price objective indicates a potential downside of 5.24% from the stock’s previous close.

Several other equities research analysts also recently issued reports on SPOT. Stonex Financia downgraded shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Morgan Stanley upped their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 target price on the stock in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald cut their price target on Spotify Technology from $530.00 to $490.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $620.07.

Spotify Technology Stock Down 2.8%

Shares of SPOT traded down $16.21 during mid-day trading on Tuesday, reaching $556.15. 1,538,828 shares of the stock traded hands, compared to its average volume of 2,201,000. The firm has a market cap of $114.50 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 1.81 and a beta of 1.61. The stock has a fifty day simple moving average of $528.52 and a 200 day simple moving average of $497.88. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $673.16.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Thursday, October 22nd. The company reported $2.81 earnings per share for the quarter, missing the consensus estimate of $3.18 by ($0.37). The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Spotify Technology had a net margin of 15.74% and a return on equity of 35.64%. Spotify Technology’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $3.28 earnings per share. On average, equities research analysts expect that Spotify Technology will post 13.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Alex Norström sold 5,436 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the transaction, the chief executive officer directly owned 20,025 shares in the company, valued at approximately $10,897,404.75. This represents a 51.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 68,092 shares of company stock worth $35,762,410 over the last quarter. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Spotify Technology

Institutional investors and hedge funds have recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new position in Spotify Technology during the second quarter worth $27,000. Portus Wealth Advisors LLC acquired a new position in Spotify Technology in the first quarter worth $32,000. Whipplewood Advisors LLC increased its stake in Spotify Technology by 423.1% during the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Palladiem LLC bought a new stake in Spotify Technology during the first quarter valued at $34,000. Finally, Tsfg LLC raised its holdings in shares of Spotify Technology by 39.7% during the second quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after purchasing an additional 23 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Spotify Technology

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

• Positive Sentiment: Spotify said it has removed approximately 50 million AI-generated or spam tracks from recommendations. The move could improve user experience, protect music discovery quality, and help address concerns about low-quality AI content flooding the platform. Spotify Has Taken 50 Million AI Slop, Spam Tracks Out of Recommendations
• Positive Sentiment: Jefferies raised its Spotify price target to $620 from $600 and described the platform as “highly defensible” against artificial-intelligence competition. The view supports the argument that Spotify’s scale, user data, brand, and ecosystem can help it withstand AI-related disruption, although future results must validate that thesis. Spotify Is Highly Defensible Against AI, Says Jefferies
• Positive Sentiment: Management’s latest earnings call emphasized margin-fueled growth, suggesting that profitability and operating leverage remain important parts of the investment case following the company’s recent quarterly update. Spotify Earnings Call Highlights Margin-Fueled Growth
• Negative Sentiment: Phillip Securities lowered Spotify from “strong-buy” to “moderate buy.” Although the revised rating remains constructive, the downgrade may pressure the stock by signaling reduced conviction or limited upside after its strong run. Spotify Technology Shares Fall After Phillip Securities Downgrade
• Negative Sentiment: Spotify slipped alongside Netflix and Disney as investors questioned streaming engagement despite Netflix’s earnings beat. The sector-wide selling reflects concern that user attention, content spending, and engagement may not support current valuations. Netflix Drops as Engagement Worries Spread Across Streaming Stocks

About Spotify Technology

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.