Nisa Investment Advisors LLC Sells 3,556 Shares of Spotify Technology $SPOT

Nisa Investment Advisors LLC decreased its position in Spotify Technology (NYSE:SPOT) by 12.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,967 shares of the company’s stock after selling 3,556 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Spotify Technology were worth $18,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Tsfg LLC bought a new stake in Spotify Technology in the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its position 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 last quarter. Sound Income Strategies LLC lifted its position 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 last quarter. GFG Capital LLC bought a new stake in Spotify Technology in the 2nd quarter worth approximately $33,000. Finally, Truvestments Capital LLC bought a new stake in Spotify Technology in the 1st quarter worth approximately $34,000. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Stock Performance

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 stock has a market capitalization of $132.08 billion, a PE ratio of 156.61, a price-to-earnings-growth ratio of 3.08 and a beta of 1.67. The stock’s 50 day moving average price is $696.53 and its 200-day moving average price is $677.57.

Spotify Technology (NYSE:SPOT) last posted its earnings results 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). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the firm posted $1.33 earnings per share. Spotify Technology’s quarterly revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. 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. Wells Fargo & Company boosted their price objective on Spotify Technology from $740.00 to $750.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group cut shares of Spotify Technology from a “buy” rating to a “neutral” rating and raised their target price for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. UBS Group cut their target price on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. Finally, Benchmark cut their target price on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Company 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.