Fiera Capital Corp Buys 1,856 Shares of Spotify Technology $SPOT

Fiera Capital Corp grew its stake in shares of Spotify Technology (NYSE:SPOT) by 22.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,222 shares of the company’s stock after acquiring an additional 1,856 shares during the period. Fiera Capital Corp’s holdings in Spotify Technology were worth $7,844,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Monetta Financial Services Inc. lifted its holdings in shares of Spotify Technology by 20.8% in the 2nd quarter. Monetta Financial Services Inc. now owns 2,900 shares of the company’s stock worth $2,225,000 after buying an additional 500 shares during the period. Calamos Advisors LLC grew its holdings in Spotify Technology by 12.9% during the 2nd quarter. Calamos Advisors LLC now owns 39,653 shares of the company’s stock worth $30,427,000 after acquiring an additional 4,530 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Spotify Technology by 1.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 48,857 shares of the company’s stock valued at $37,490,000 after purchasing an additional 616 shares during the period. Geode Capital Management LLC raised its holdings in shares of Spotify Technology by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,568,502 shares of the company’s stock valued at $1,192,730,000 after purchasing an additional 49,377 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Spotify Technology by 17.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 20,756 shares of the company’s stock worth $15,927,000 after purchasing an additional 3,082 shares during the period. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology Stock Performance

Spotify Technology stock opened at $645.05 on Friday. The stock has a market cap of $132.81 billion, a PE ratio of 101.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.67. The stock has a 50-day moving average of $680.69 and a two-hundred day moving average of $683.31. Spotify Technology has a one year low of $443.21 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $1.96. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 earnings per share. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPOT shares. Benchmark lifted their price objective on shares of Spotify Technology from $800.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. BNP Paribas upgraded Spotify Technology to a “strong-buy” rating in a report on Tuesday, September 16th. Argus started coverage on Spotify Technology in a research note on Monday, September 29th. They set a “buy” rating and a $845.00 price objective for the company. UBS Group dropped their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Spotify Technology from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $758.86.

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.