Verde Capital Management Has $6.63 Million Stock Position in Spotify Technology $SPOT

Verde Capital Management raised its stake in Spotify Technology (NYSE:SPOT) by 0.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,645 shares of the company’s stock after buying an additional 69 shares during the period. Spotify Technology makes up 1.6% of Verde Capital Management’s investment portfolio, making the stock its 15th biggest position. Verde Capital Management’s holdings in Spotify Technology were worth $6,634,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SPOT. Hartford Investment Management Co. lifted its holdings in shares of Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after purchasing an additional 16 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in shares of Spotify Technology by 3.7% during the first quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company’s stock worth $262,000 after purchasing an additional 17 shares during the period. HM Payson & Co. lifted its holdings in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company’s stock worth $35,000 after purchasing an additional 18 shares during the period. Adero Partners LLC lifted its holdings in shares of Spotify Technology by 0.7% during the first quarter. Adero Partners LLC now owns 2,635 shares of the company’s stock worth $1,449,000 after purchasing an additional 19 shares during the period. Finally, North Star Investment Management Corp. lifted its holdings in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Spotify Technology Stock Up 1.0%

SPOT stock opened at $696.91 on Friday. The firm has a market cap of $142.66 billion, a price-to-earnings ratio of 169.15, a PEG ratio of 2.97 and a beta of 1.71. Spotify Technology has a 12-month low of $337.15 and a 12-month high of $785.00. The company’s fifty day simple moving average is $693.51 and its 200 day simple moving average is $649.20.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. Spotify Technology’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SPOT. Rosenblatt Securities cut their price target on shares of Spotify Technology from $703.00 to $679.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company lifted their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Citigroup lifted their price target on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Barclays cut their price target on shares of Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $721.07.

Spotify Technology Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.