Independent Solutions Wealth Management LLC Buys Shares of 298 Spotify Technology $SPOT

Independent Solutions Wealth Management LLC bought a new stake in Spotify Technology (NYSE:SPOT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 298 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors also recently made changes to their positions in the business. Joel Isaacson & Co. LLC raised its position in shares of Spotify Technology by 1.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock valued at $1,190,000 after purchasing an additional 15 shares in the last quarter. Hartford Investment Management Co. raised its position in shares of Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after purchasing an additional 16 shares in the last quarter. Stonekeep Investments LLC grew its position in shares of Spotify Technology by 2.1% in the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after acquiring an additional 16 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Spotify Technology by 0.5% in the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after acquiring an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of Spotify Technology by 3.7% in the 1st quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company’s stock worth $262,000 after acquiring an additional 17 shares in the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $679.89 on Wednesday. Spotify Technology has a 1-year low of $364.26 and a 1-year high of $785.00. The business’s fifty day moving average price is $696.61 and its two-hundred day moving average price is $666.00. The company has a market capitalization of $139.18 billion, a P/E ratio of 165.02, a PEG ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SPOT shares. Evercore ISI lifted their target price on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. Argus started coverage on Spotify Technology in a research report on Monday, September 29th. They issued a “buy” rating and a $845.00 target price for the company. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price for the company in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a research report on Saturday, September 27th. Finally, BNP Paribas Exane assumed coverage on Spotify Technology in a research report on Tuesday, September 16th. They issued an “outperform” rating and a $900.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.