Erste Group Bank Issues Optimistic Outlook for SPOT Earnings

Spotify Technology (NYSE:SPOT) – Analysts at Erste Group Bank upped their FY2026 earnings estimates for shares of Spotify Technology in a research note issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $14.31 per share for the year, up from their previous forecast of $14.24. The consensus estimate for Spotify Technology’s current full-year earnings is $14.32 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $17.86 EPS.

Several other research analysts have also issued reports on SPOT. Weiss Ratings lowered Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Morgan Stanley upped their price target on shares of Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Rosenblatt Securities decreased their price target on shares of Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group dropped their price objective on shares of Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Wells Fargo & Company cut their target price on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and a consensus target price of $630.00.

Spotify Technology Trading Up 4.7%

NYSE SPOT opened at $511.07 on Tuesday. The firm’s fifty day simple moving average is $483.06 and its two-hundred day simple moving average is $484.99. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $748.30. The firm has a market capitalization of $105.22 billion, a P/E ratio of 31.82, a P/E/G ratio of 1.19 and a beta of 1.58.

Insider Buying and Selling

In other Spotify Technology news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $519.86, for a total transaction of $1,377,629.00. Following the sale, the director owned 4,039 shares of the company’s stock, valued at $2,099,714.54. The trade was a 39.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the stock in a transaction dated Monday, August 3rd. The shares were 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 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 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. Insiders have sold a total of 116,878 shares of company stock worth $59,081,110 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Hedge funds have recently bought and sold shares of the business. Sivia Capital Partners LLC acquired a new stake in shares of Spotify Technology in the second quarter valued at approximately $312,000. Jump Financial LLC grew its holdings in Spotify Technology by 5.2% in the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock valued at $869,000 after buying an additional 56 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in shares of Spotify Technology during the 2nd quarter worth $178,000. NewEdge Advisors LLC boosted its position in shares of Spotify Technology by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock valued at $9,707,000 after acquiring an additional 3,412 shares during the last quarter. Finally, Glenview Trust co purchased a new stake in shares of Spotify Technology in the second quarter valued at about $298,000. Institutional investors and hedge funds own 84.09% 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.