Spotify Technology’s (SPOT) Neutral Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Spotify Technology (NYSE:SPOT) in a research report released on Tuesday morning,Benzinga reports. They currently have a $527.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley increased their price target on Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Piper Sandler assumed coverage on Spotify Technology in a research note on Thursday, October 8th. They set a “neutral” rating and a $540.00 price objective for the company. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Stonex Financia lowered Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Finally, Cantor Fitzgerald cut their target price on Spotify Technology from $530.00 to $490.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average price target of $610.25.

Spotify Technology Price Performance

NYSE:SPOT opened at $581.70 on Tuesday. The firm has a 50-day moving average of $525.20 and a two-hundred day moving average of $497.27. The stock has a market cap of $119.76 billion, a P/E ratio of 32.71, a PEG ratio of 1.63 and a beta of 1.61. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $683.96.

Spotify Technology (NYSE:SPOT) last announced its earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.13). Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the business earned ($0.42) earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts expect that Spotify Technology will post 13.66 earnings per share for the current year.

Insider Activity

In other news, CEO Gustav Söderström sold 20,910 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the sale, the chief executive officer owned 19,908 shares in the company, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. This trade represents a 7.53% 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 sold a total of 68,092 shares of company stock valued at $35,762,410 in the last three months. Insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Several institutional investors and hedge funds have recently bought and sold shares of SPOT. Tsfg LLC lifted its holdings in Spotify Technology by 39.7% during the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after buying an additional 23 shares during the last quarter. Carl P. Sherr & Co. LLC grew its position in shares of Spotify Technology by 0.7% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock worth $2,007,000 after acquiring an additional 27 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Spotify Technology by 2.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock valued at $520,000 after acquiring an additional 29 shares during the last quarter. Simplify Asset Management Inc. lifted its position in shares of Spotify Technology by 3.1% in the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock worth $521,000 after buying an additional 32 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Spotify Technology by 7.5% in the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock worth $230,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify reached 306 million premium subscribers in the third quarter, up 9% year over year and roughly one million above expectations. Growth was reported across all regions, while monthly active users rose 11% to 788 million. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Third-quarter revenue increased approximately 16% year over year to nearly €5 billion, while operating income reached €672 million. Improving margins and user growth strengthened the investment case. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management forecast fourth-quarter operating profit above Wall Street expectations, supported by continued subscriber momentum and investments in artificial-intelligence-powered personalization and discovery features. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Spotify is expanding audiobooks to more than 180 markets and sees AI agents as a potential future distribution channel, while new features could support engagement and monetization. Spotify: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: The company said it removed or blocked 50 million spam and AI-generated “slop” tracks this year, potentially improving recommendation quality and protecting the user experience. Spotify says it removed 50 million slop and spam AI tracks this year
• Neutral Sentiment: Spotify confirmed tighter Family Plan sharing verification, describing it as a routine improvement. The measure could improve paid conversion, although it may create some customer friction. Spotify confirms Family Plan crackdown
• Negative Sentiment: Quarterly EPS missed consensus estimates, and revenue was slightly below expectations in several reports, highlighting near-term pressure despite strong user growth. Spotify Q3 Earnings Miss Estimates

Spotify Technology Company Profile

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.