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

Spotify Technology (NYSE:SPOT)‘s stock had its “neutral” rating reissued by stock analysts at Rosenblatt Securities in a report released on Tuesday, Benzinga reports. They presently have a $527.00 price target on the stock. Rosenblatt Securities’ price objective indicates a potential downside of 0.72% from the company’s current price.

Several other research firms have also recently weighed in on SPOT. Piper Sandler initiated coverage on Spotify Technology in a research report on Thursday, October 8th. They set a “neutral” rating and a $540.00 price objective for the company. Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 price objective for the company in a research report on Tuesday, August 11th. Weiss Ratings raised Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Stonex Financia cut Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company reduced their price objective on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $610.25.

Spotify Technology Trading Up 2.3%

Shares of SPOT stock traded up $12.08 on Tuesday, hitting $530.84. 497,384 shares of the stock were exchanged, compared to its average volume of 2,185,560. The firm has a market capitalization of $109.29 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 1.63 and a beta of 1.61. The business has a 50-day moving average of $522.30 and a 200 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 posted 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 for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.42) earnings per share. As a group, research analysts forecast that Spotify Technology will post 13.77 EPS for the current fiscal year.

Insider Activity at Spotify Technology

In related news, CEO Alex Norström sold 5,436 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 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 value of $11,380,645.47. Following the transaction, 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 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 68,092 shares of company stock valued at $35,762,410 over the last three months. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in Spotify Technology by 20.1% in 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. Tiger Global Management LLC raised its stake in Spotify Technology by 25.3% in 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. Amundi raised its stake in Spotify Technology by 20.0% in the first quarter. Amundi now owns 1,104,484 shares of the company’s stock valued at $535,575,000 after buying an additional 183,994 shares during the period. Principal Financial Group Inc. raised its stake in Spotify Technology by 53.4% in 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. Finally, Sei Investments Co. raised its stake in Spotify Technology by 1.8% in the first quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock valued at $363,415,000 after buying an additional 13,381 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: Premium growth is strengthening: Premium revenue increased 15%, supported by subscriber gains and pricing increases. The trend suggests Spotify is improving monetization of its core user base ahead of its third-quarter results. Spotify’s Premium Growth Gains Traction: Can SPOT Sustain Momentum?
• Positive Sentiment: Paid podcast memberships launched: Spotify is giving podcasters tools to offer perks such as bonus audio or video, fewer advertisements and early access. The initiative could diversify revenue, improve creator retention and increase listener engagement. Spotify launches paid podcast memberships with perks beyond bonus content
• Positive Sentiment: Buybacks provide shareholder support: Spotify renewed its multiyear Joe Rogan licensing agreement and expanded its share-repurchase authorization by approximately $1.5 billion, to about $2.22 billion. Buybacks may support earnings per share, though the larger content commitment raises spending concerns. Does Rogan Renewal Change The Bull Case For Spotify Stock?
• Neutral Sentiment: Third-quarter expectations are in focus: Investors are watching for roughly 788 million monthly active users, 305 million Premium subscribers and approximately €5.0 billion in revenue. Results that exceed or miss these benchmarks could determine the next major move in SPOT. Spotify Q3 Earnings: Wall Street’s Insights on Key Metrics
• Neutral Sentiment: Analyst views are mixed: Rosenblatt reaffirmed a “neutral” rating with a $527 price target, indicating limited near-term upside from recent trading levels. A separate valuation analysis cited a substantially higher potential target, highlighting disagreement over Spotify’s growth outlook. Spotify Renewed Joe Rogan and Added $1.5 Billion to Buybacks
• Negative Sentiment: Advertising remains a pressure point: Despite premium revenue momentum, weaker advertising conditions could limit overall growth and temper the benefit of subscriber and pricing gains. StoneX also downgraded Spotify from “buy” to “hold,” adding to investor caution.

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.