Spotify Technology (NYSE:SPOT) Stock Rating Reaffirmed as “Market Outperform” by Citizens Jmp

Spotify Technology (NYSE:SPOT)‘s stock had its “market outperform” rating restated by research analysts at Citizens Jmp in a research note issued to investors on Friday, Benzinga reports. They presently have a $625.00 price target on the stock. Citizens Jmp‘s price objective would indicate a potential upside of 9.71% from the company’s previous close.

A number of other research firms have also recently weighed in on SPOT. Rosenblatt Securities reaffirmed a “neutral” rating and set a $527.00 price target on shares of Spotify Technology in a research note on Tuesday, October 20th. Argus reaffirmed a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a research note on Thursday, August 13th. Stonex Financia cut shares of Spotify Technology from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Cantor Fitzgerald upped their price target on shares of Spotify Technology from $490.00 to $550.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Guggenheim upped their price target on shares of Spotify Technology from $575.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $620.07.

Spotify Technology Stock Down 2.5%

NYSE:SPOT traded down $14.51 during midday trading on Friday, reaching $569.71. The stock had a trading volume of 923,927 shares, compared to its average volume of 2,198,944. The firm has a fifty day simple moving average of $526.60 and a two-hundred day simple moving average of $497.97. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $673.16. The stock has a market cap of $117.29 billion, a P/E ratio of 37.80, a P/E/G ratio of 1.81 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.18 by ($0.37). Spotify Technology had a net margin of 15.74% and a return on equity of 35.64%. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the firm earned $3.28 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Spotify Technology will post 13.62 earnings per share for the current fiscal year.

Insider Activity

In other Spotify Technology news, CEO Alex Norström sold 5,436 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the completion of the sale, the chief executive officer directly owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This trade represents a 51.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 68,092 shares of company stock worth $35,762,410. Insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Large investors have recently bought and sold shares of the company. Tsfg LLC raised its position in Spotify Technology by 39.7% in the 2nd quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after purchasing an additional 23 shares in the last quarter. Carl P. Sherr & Co. LLC raised its position in Spotify Technology by 0.7% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock valued at $2,007,000 after purchasing an additional 27 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in Spotify Technology by 2.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock valued at $520,000 after purchasing an additional 29 shares in the last quarter. Simplify Asset Management Inc. raised its position in Spotify Technology by 3.1% in the 1st quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock valued at $521,000 after purchasing an additional 32 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in Spotify Technology by 7.5% in the 1st quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock valued at $230,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Jefferies raised its Spotify price target to $620 from $600 and described the platform as “highly defensible” against artificial-intelligence competition. The view reflects Spotify’s scale, content ecosystem and ability to remain differentiated from rival services. Jefferies Spotify analysis
• Positive Sentiment: Spotify reported double-digit third-quarter growth and significant gains in user counts. Management expects momentum to continue into the current quarter, supporting the case for sustained revenue expansion. Spotify latest earnings analysis
• Positive Sentiment: Several major firms, including Cantor Fitzgerald, JPMorgan, Barclays, Wells Fargo, Guggenheim, Morgan Stanley and Citizens JMP, maintained bullish views or forecast meaningful appreciation. Oppenheimer also increased its price target, adding to the positive analyst backdrop.
• Neutral Sentiment: Piper Sandler reaffirmed a “Neutral” rating, indicating that Spotify’s growth prospects are balanced by valuation and execution risks.
• Negative Sentiment: Spotify’s quarterly results missed analyst expectations for both revenue and adjusted earnings per share, despite strong subscriber growth. The company’s outlook— including projected revenue of €5.2 billion and roughly 10% user growth—offers support, but the earnings shortfall has weighed on sentiment. Spotify earnings analysis
• Negative Sentiment: Weakness spread across the streaming and media sector after concerns that engagement may not justify high valuations, pressuring Spotify alongside Netflix and Disney. Investors also remain alert to bundling competition from Apple and YouTube Music.

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.