FY2026 Earnings Estimate for SPOT Issued By Erste Group Bank

Spotify Technology (NYSE:SPOT) – Research analysts at Erste Group Bank dropped their FY2026 earnings estimates for shares of Spotify Technology in a research note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the company will earn $14.26 per share for the year, down from their previous estimate of $14.28. The consensus estimate for Spotify Technology’s current full-year earnings is $14.29 per share.

A number of other research firms also recently issued reports on SPOT. Cantor Fitzgerald boosted their target price on shares of Spotify Technology from $510.00 to $530.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Rosenblatt Securities cut their price target on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. boosted their price objective on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Citizens Jmp upped their target price on Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $609.05.

Spotify Technology Price Performance

NYSE:SPOT opened at $521.69 on Friday. The firm has a market capitalization of $107.41 billion, a P/E ratio of 32.48, a PEG ratio of 1.54 and a beta of 1.59. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $745.00. The company’s fifty day moving average price is $507.99 and its 200-day moving average price is $493.62.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share (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 analysts’ expectations of $5.47 billion. During the same period in the prior year, the business posted ($0.42) earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year.

Insiders Place Their Bets

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,833 shares of Spotify Technology stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $507.24, for a total transaction of $10,567,330.92. Following the completion of the transaction, the chief executive officer directly owned 20,142 shares of the company’s stock, valued at $10,216,828.08. The trade was a 50.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 52,538 shares of company stock worth $25,878,250 over the last three months. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Spotify Technology

Several hedge funds have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of Spotify Technology in the 2nd quarter valued at about $27,000. Portus Wealth Advisors LLC purchased a new position in Spotify Technology during the first quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in Spotify Technology in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC grew its holdings in Spotify Technology by 423.1% in 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 period. Finally, Palladiem LLC purchased a new stake in shares of Spotify Technology in the first quarter valued at approximately $34,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

About Spotify Technology

Spotify Technology SA is a Luxembourg-based audio streaming company that operates the Spotify platform. The service gives users access to a broad catalog of music, podcasts and audiobooks, with features for searching, discovering, creating and sharing audio content across connected devices.

Spotify offers an ad-supported service at no subscription cost and paid Premium plans that provide additional features, including ad-free listening and offline playback. The company generates revenue primarily through subscriptions and advertising, while working with music labels, publishers, podcast creators and other rights holders to distribute content.

Founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its streaming service in 2008.