Spotify Technology’s (SPOT) Hold Rating Reaffirmed at TD Cowen

Spotify Technology (NYSE:SPOT)‘s stock had its “hold” rating reissued by research analysts at TD Cowen in a research note issued to investors on Friday, Benzinga reports. They currently have a $525.00 price target on the stock. TD Cowen‘s price target would indicate a potential downside of 9.53% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Rosenblatt Securities restated a “neutral” rating and set a $527.00 price objective on shares of Spotify Technology in a report on Tuesday. Argus reaffirmed a “buy” rating and issued a $600.00 target price on shares of Spotify Technology in a research report on Thursday, August 13th. Citizens Jmp restated a “market outperform” rating and issued a $625.00 price target on shares of Spotify Technology in a research note on Friday. Finally, Benchmark cut their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. One investment analyst has 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. Based on data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus price target of $618.34.

Spotify Technology Trading Down 0.6%

Shares of NYSE SPOT traded down $3.38 during midday trading on Friday, reaching $580.28. The company’s stock had a trading volume of 856,251 shares, compared to its average volume of 2,197,068. The stock has a 50 day simple moving average of $525.20 and a 200-day simple moving average of $497.27. The stock has a market capitalization of $119.47 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 1.63 and a beta of 1.61. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $676.67.

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

Insider Buying and Selling

In related news, CEO Gustav Söderström sold 20,910 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $530.13, for a total transaction 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 trade represents a 51.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 68,092 shares of company stock valued at $35,762,410. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Spotify Technology

A number of institutional investors have recently modified their holdings of the business. Gibbs Wealth Management lifted its position in shares of Spotify Technology by 42.9% in the 3rd quarter. Gibbs Wealth Management now owns 892 shares of the company’s stock worth $435,000 after purchasing an additional 268 shares during the period. Wedbush Securities Inc. raised its stake in Spotify Technology by 17.5% during the third quarter. Wedbush Securities Inc. now owns 1,993 shares of the company’s stock worth $971,000 after buying an additional 297 shares during the last quarter. Atala Financial Inc raised its stake in Spotify Technology by 70.4% during the third quarter. Atala Financial Inc now owns 1,208 shares of the company’s stock worth $589,000 after buying an additional 499 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Spotify Technology by 28.1% in the third quarter. Sterling Capital Management LLC now owns 5,312 shares of the company’s stock valued at $2,589,000 after buying an additional 1,164 shares during the period. Finally, Washington Trust Advisors Inc. bought a new stake in Spotify Technology during the third quarter valued at $62,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

Key Spotify Technology News

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

• Positive Sentiment: Spotify reported 306 million premium subscribers, up 9% year over year and one million above guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Revenue increased approximately 16% year over year to €4.97 billion, while gross margin expanded to 33% and operating income exceeded company guidance. Spotify expects further margin improvement as expense growth moderates. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management highlighted advertising recovery, AI-powered personalization through its “taste model,” audiobooks and AI-agent integrations as potential growth drivers. The company said AI is helping accelerate product launches without increasing headcount significantly. Spotify Q3 Earnings Call Highlights Ad Recovery and Cost Control
• Positive Sentiment: Several analysts raised their price targets following the results, including Wells Fargo to $660, Barclays and Guggenheim to $650, and Citizens JMP to $625, generally maintaining bullish ratings. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify guided to roughly $6.0 billion of fourth-quarter revenue, broadly matching consensus. It also expects approximately 818 million MAUs and 316 million premium subscribers, implying continued growth.
• Negative Sentiment: Quarterly EPS missed analyst expectations, and revenue was slightly below estimates. The earnings shortfall contrasts with the strong subscriber performance and could limit near-term upside. Spotify Q3 Earnings Miss Estimates
• Negative Sentiment: Not all analysts turned bullish: TD Cowen reaffirmed a Hold rating with a $525 target, while Cantor Fitzgerald maintained Neutral with a $550 target, both below the prevailing share price. TD Cowen Spotify Rating

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.