FY2026 Earnings Estimate for SPOT Issued By Erste Group Bank

Spotify Technology (NYSE:SPOT) – Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of Spotify Technology in a research note issued on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings per share of $14.35 for the year, up from their previous forecast of $14.27. The consensus estimate for Spotify Technology’s current full-year earnings is $14.51 per share.

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

A number of other equities research analysts have also recently issued reports on the company. Cantor Fitzgerald upped their price objective on Spotify Technology from $430.00 to $520.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group lowered their target price on shares of Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Barclays increased their price target on shares of Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Pivotal Research decreased their price objective on shares of Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research report on Wednesday, April 29th. Finally, Guggenheim lowered their price objective on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $638.58.

Spotify Technology Stock Up 3.0%

SPOT stock opened at $492.62 on Monday. The company has a market cap of $101.42 billion, a price-to-earnings ratio of 39.25, a P/E/G ratio of 1.18 and a beta of 1.56. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $748.30. The business has a 50 day moving average price of $477.84 and a two-hundred day moving average price of $490.51.

Institutional Investors Weigh In On Spotify Technology

Institutional investors have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in Spotify Technology during the 3rd quarter worth approximately $35,000. Kemnay Advisory Services Inc. acquired a new position in Spotify Technology in the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. acquired a new position in Spotify Technology in the 4th quarter valued at $35,000. Osbon Capital Management LLC bought a new position in Spotify Technology during the 4th quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB increased its position in Spotify Technology by 85.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock worth $38,000 after buying an additional 30 shares during the period. Institutional investors own 84.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Sven Hans Martin Lorentzon sold 35,380 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $525.73, for a total value of $18,600,327.40. Following the transaction, the director owned 6,383 shares in the company, valued at approximately $3,355,734.59. This represents a 84.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas O. Staggs sold 5,477 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total transaction of $2,880,902.00. Following the completion of the transaction, the director directly owned 3,619 shares in the company, valued at approximately $1,903,594. This represents a 60.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 111,442 shares of company stock valued at $54,757,553. 0.40% of the stock is currently owned by insiders.

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.