Aequim Alternative Investments LP Boosts Stake in Spotify Technology $SPOT

Aequim Alternative Investments LP raised its position in Spotify Technology (NYSE:SPOT) by 30.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,500 shares of the company’s stock after buying an additional 7,500 shares during the period. Aequim Alternative Investments LP’s holdings in Spotify Technology were worth $24,939,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC purchased a new stake in shares of Spotify Technology during the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its stake in shares of Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after purchasing an additional 25 shares during the last quarter. GFG Capital LLC purchased a new stake in shares of Spotify Technology during the 2nd quarter worth approximately $33,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Spotify Technology during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

NYSE SPOT opened at $645.22 on Monday. Spotify Technology has a 52-week low of $376.00 and a 52-week high of $785.00. The company has a market capitalization of $132.08 billion, a P/E ratio of 156.61, a P/E/G ratio of 3.08 and a beta of 1.67. The company has a fifty day moving average of $696.53 and a 200-day moving average of $677.57.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share (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 company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPOT. Canaccord Genuity Group lifted their price objective on shares of Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Guggenheim reissued a “buy” rating and issued a $850.00 price target on shares of Spotify Technology in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Argus started coverage on shares of Spotify Technology in a report on Monday, September 29th. They issued a “buy” rating and a $845.00 price target for the company. Finally, Sanford C. Bernstein raised their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.