Spotify Technology (NYSE:SPOT) Earns Neutral Rating from Rosenblatt Securities

Spotify Technology (NYSE:SPOT)‘s stock had its “neutral” rating restated by investment analysts at Rosenblatt Securities in a research note issued on Tuesday, Benzinga reports. They currently have a $527.00 target price on the stock. Rosenblatt Securities’ price objective would suggest a potential downside of 0.80% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Argus reaffirmed a “buy” rating and set a $600.00 target price on shares of Spotify Technology in a report on Thursday, August 13th. Wall Street Zen downgraded Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Benchmark reduced their target price on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. UBS Group reduced their target price on Spotify Technology from $690.00 to $675.00 and set a “buy” rating for the company in a report on Monday, October 5th. Finally, Guggenheim reaffirmed a “buy” rating and set a $565.00 target price on shares of Spotify Technology in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average target price of $610.25.

Spotify Technology Price Performance

Shares of Spotify Technology stock traded up $12.49 during trading on Tuesday, hitting $531.25. The stock had a trading volume of 320,241 shares, compared to its average volume of 2,184,514. The firm has a market cap of $109.37 billion, a P/E ratio of 33.08, a PEG ratio of 1.63 and a beta of 1.61. The business has a fifty day moving average of $522.30 and a two-hundred day moving average of $495.97. Spotify Technology has a fifty-two week low of $405.00 and a fifty-two week high of $696.95.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.13). The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.42) EPS. As a group, research analysts forecast that Spotify Technology will post 13.77 earnings per share for the current year.

Insider Buying and Selling at Spotify Technology

In other news, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,910 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the sale, the chief executive officer directly owned 19,908 shares of the company’s stock, valued at approximately $10,553,828.04. This represents a 51.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 68,092 shares of company stock valued at $35,762,410. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPOT. Cantillon Capital Management LLC acquired a new position in Spotify Technology during the first quarter valued at $213,047,000. Southpoint Capital Advisors LP acquired a new position in Spotify Technology during the first quarter valued at $193,964,000. Principal Financial Group Inc. raised its position in Spotify Technology by 53.4% during the first quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock valued at $479,899,000 after buying an additional 344,471 shares during the period. Tiger Global Management LLC raised its position in Spotify Technology by 25.3% during the first quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after buying an additional 319,300 shares during the period. Finally, Janus Henderson Group PLC raised its position in Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after buying an additional 286,844 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Paid podcast memberships: Spotify launched a program allowing podcasters to offer paid perks such as bonus audio or video, fewer advertisements and early access. The initiative could diversify revenue, improve creator retention and increase engagement beyond traditional subscriptions. Spotify launches paid podcast memberships with perks beyond bonus content
• Positive Sentiment: Rogan renewal and buybacks: Spotify renewed its multiyear licensing agreement with Joe Rogan, preserving a major audience draw, and increased its share-repurchase authorization by approximately $1.5 billion to about $2.22 billion. Buybacks may support per-share results, although the agreement adds content costs. Does Rogan Renewal Change the Bull Case for Spotify Stock
• Neutral Sentiment: Rosenblatt maintains a neutral rating: Rosenblatt Securities reaffirmed its “neutral” view and set a $527 price target, implying only modest upside from the referenced $519.17 price. The call suggests limited near-term conviction before earnings.
• Neutral Sentiment: Q3 expectations in focus: Analysts are watching for approximately 788 million monthly active users, 305 million Premium subscribers and roughly €5.0 billion in revenue. These metrics could drive the next significant move if Spotify exceeds or misses expectations. Spotify Q3 earnings key metrics
• Negative Sentiment: StoneX downgrade: StoneX reportedly cut Spotify from “buy” to “hold,” adding pressure to the stock’s near-term outlook and signaling concerns about valuation, execution or the balance between content investment and profitability. StoneX downgrades Spotify to hold

Spotify Technology Company Profile

Spotify Technology SA is an audio streaming company that operates the Spotify platform, offering users access to music, podcasts and audiobooks through internet-connected devices. Its catalog includes licensed recordings from music labels and artists, as well as podcasts and other audio content from creators and publishers.

Spotify provides both an ad-supported service and subscription-based Premium plans. Premium subscribers generally receive ad-free listening and additional features, while the advertising-supported service allows users to access content without a paid subscription.