UBS Group Issues Pessimistic Forecast for Spotify Technology (NYSE:SPOT) Stock Price

Spotify Technology (NYSE:SPOT) had its target price decreased by stock analysts at UBS Group from $735.00 to $690.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 44.45% from the company’s previous close.

A number of other analysts have also issued reports on SPOT. The Goldman Sachs Group lowered their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Benchmark lowered their target price on Spotify Technology from $760.00 to $695.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. KeyCorp dropped their price target on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings lowered Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $638.58.

Spotify Technology Stock Down 1.7%

SPOT stock traded down $8.19 during trading on Friday, hitting $477.69. The company had a trading volume of 437,527 shares, compared to its average volume of 2,481,542. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $748.30. The company has a 50 day simple moving average of $470.38 and a 200-day simple moving average of $495.42. The firm has a market capitalization of $98.35 billion, a P/E ratio of 38.01, a PEG ratio of 1.19 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.63. The company had revenue of $5.25 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 EPS. Sell-side analysts forecast that Spotify Technology will post 14.62 earnings per share for the current year.

Insider Transactions at Spotify Technology

In related news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total transaction of $8,973,189.76. Following the completion of the sale, the chief executive officer directly owned 20,492 shares in the company, valued at $8,826,314.24. This represents a 50.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sven Hans Martin Lorentzon sold 35,380 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total value of $18,600,327.40. Following the sale, the director directly owned 6,383 shares in the company, valued at approximately $3,355,734.59. The trade was a 84.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 111,442 shares of company stock worth $54,757,553. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPOT. KERR FINANCIAL PLANNING Corp bought a new position in shares of Spotify Technology during the 3rd quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in Spotify Technology in the third quarter worth $35,000. Kemnay Advisory Services Inc. acquired a new position in shares of Spotify Technology during the fourth quarter worth $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Spotify Technology during the fourth quarter worth $35,000. Finally, Osbon Capital Management LLC purchased a new stake in shares of Spotify Technology during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Trending Headlines about Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify rolled out an update to one of its library features, adding new customization tools that could improve user engagement and support subscription retention. Spotify finally updated one of its best library features
• Positive Sentiment: One Yahoo Finance analysis said Spotify Technology (SPOT) could be about 35% undervalued based on discounted cash flow estimates, reinforcing the bullish case that the stock may still have room to run if growth holds up. Spotify (SPOT) Stock Could Be 35% Undervalued Despite Fraud Stream Removals
• Neutral Sentiment: Analysts remained generally constructive, with Wells Fargo trimming its price target to $570 and Rosenblatt lowering its target to $531, while both kept non-negative views. Analyst target changes for Spotify Technology
• Neutral Sentiment: Recent executive stock sales by co-CEOs Gustav Soderstrom and Alex Norstrom drew attention, but the filings indicate the shares were sold under pre-arranged plans and largely to cover tax withholding tied to vested equity awards. SEC Form 4 filing
• Negative Sentiment: Spotify also faced headlines about fraudulent stream removals and pushback tied to artificial streaming activity, which could raise concerns about platform trust, chart integrity, and reputational risk. Prediction Markets Face Spotify Pushback After $3 Million Kalshi Bet

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.