Erste Group Bank Has Weak Outlook for SPOT FY2026 Earnings

Spotify Technology (NYSE:SPOT) – Equities research analysts at Erste Group Bank reduced their FY2026 earnings per share (EPS) estimates for shares of Spotify Technology in a report issued on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $14.27 per share for the year, down from their previous estimate of $14.65. The consensus estimate for Spotify Technology’s current full-year earnings is $14.68 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $17.70 EPS.

Other research analysts also recently issued research reports about the stock. Pivotal Research dropped their target price on shares of Spotify Technology from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Wednesday, April 29th. Guggenheim lowered their price target on Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley lifted their price objective on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. UBS Group decreased their target price on Spotify Technology from $760.00 to $735.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Spotify Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $641.83.

Spotify Technology Trading Up 0.2%

Shares of Spotify Technology stock opened at $461.07 on Tuesday. The firm has a fifty day simple moving average of $475.02 and a 200-day simple moving average of $501.24. The stock has a market capitalization of $94.92 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.12 and a beta of 1.56. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $778.33.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year.

Institutional Trading of Spotify Technology

A number of institutional investors and hedge funds have recently modified their holdings of SPOT. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Spotify Technology in the 3rd quarter valued at $26,000. Portus Wealth Advisors LLC bought a new position in Spotify Technology during the first quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new stake in Spotify Technology during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC boosted its holdings in Spotify Technology by 423.1% during the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. Finally, Palladiem LLC bought a new stake in shares of Spotify Technology in the 1st quarter valued at approximately $34,000. 84.09% of the stock is currently owned by institutional investors.

Insider Activity at Spotify Technology

In related news, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer directly owned 69,989 shares of the company’s stock, valued at $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas O. Staggs sold 5,477 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the transaction, the director owned 3,619 shares in the company, valued at $1,903,594. This represents a 60.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 111,442 shares of company stock worth $54,647,508. Insiders own 0.40% of the company’s stock.

Spotify Technology Company Profile

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.