Oak Ridge Investments LLC Purchases 656 Shares of Spotify Technology $SPOT

Oak Ridge Investments LLC grew its position in shares of Spotify Technology (NYSE:SPOT) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,221 shares of the company’s stock after purchasing an additional 656 shares during the period. Oak Ridge Investments LLC’s holdings in Spotify Technology were worth $10,145,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPOT. Pallas Capital Advisors LLC bought a new stake in shares of Spotify Technology in the 1st quarter valued at about $225,000. GAMMA Investing LLC lifted its stake in shares of Spotify Technology by 38.1% in the 1st quarter. GAMMA Investing LLC now owns 1,305 shares of the company’s stock valued at $718,000 after acquiring an additional 360 shares during the last quarter. Focus Financial Network Inc. lifted its stake in shares of Spotify Technology by 11.4% in the 1st quarter. Focus Financial Network Inc. now owns 577 shares of the company’s stock valued at $317,000 after acquiring an additional 59 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Spotify Technology by 30.7% in the 1st quarter. Fifth Third Bancorp now owns 302 shares of the company’s stock valued at $166,000 after acquiring an additional 71 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Spotify Technology by 35.1% in the 1st quarter. CVA Family Office LLC now owns 100 shares of the company’s stock valued at $55,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

SPOT stock opened at $685.66 on Friday. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00. The business’s 50 day moving average price is $699.20 and its two-hundred day moving average price is $667.63. The company has a market capitalization of $140.36 billion, a price-to-earnings ratio of 166.42, a price-to-earnings-growth ratio of 3.24 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share 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 for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company posted $1.33 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SPOT shares. Argus started coverage on Spotify Technology in a research note on Monday, September 29th. They issued a “buy” rating and a $845.00 target price for the company. Cantor Fitzgerald boosted their target price on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a research note on Wednesday, June 18th. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. DZ Bank upgraded Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their price target on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.