Optas LLC Grows Position in Spotify Technology $SPOT

Optas LLC boosted its stake in shares of Spotify Technology (NYSE:SPOT) by 12.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 789 shares of the company’s stock after buying an additional 86 shares during the quarter. Optas LLC’s holdings in Spotify Technology were worth $605,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SPOT. Tsfg LLC bought a new position in Spotify Technology in the 1st quarter worth $28,000. Cornerstone Planning Group LLC boosted its holdings in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after buying an additional 41 shares during the period. North Star Investment Management Corp. boosted its holdings in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the period. Sound Income Strategies LLC boosted its holdings in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares during the period. Finally, Truvestments Capital LLC bought a new position in Spotify Technology in the 1st quarter worth $34,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $674.91 on Thursday. The company has a market cap of $138.16 billion, a P/E ratio of 163.81, a PEG ratio of 3.22 and a beta of 1.67. Spotify Technology has a 1 year low of $364.26 and a 1 year high of $785.00. The firm has a 50-day simple moving average of $697.12 and a two-hundred day simple moving average of $666.06.

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

Analyst Ratings Changes

Several research analysts have commented on SPOT shares. Benchmark dropped their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. BNP Paribas raised shares of Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. The Goldman Sachs Group downgraded shares of Spotify Technology from a “buy” rating to a “neutral” rating and increased their price objective for the company from $765.00 to $770.00 in a report on Tuesday, September 30th. Sanford C. Bernstein upped their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Finally, Barclays lowered their price target on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $731.16.

About Spotify Technology

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.