Spotify Technology’s (SPOT) Buy Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of Spotify Technology (NYSE:SPOT) in a research note published on Wednesday,Benzinga reports. They currently have a $565.00 price target on the stock.

Several other equities research analysts have also recently weighed in on the company. Wall Street Zen cut Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Benchmark lowered their target price on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Morgan Stanley boosted their target price on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. The Goldman Sachs Group reduced their price target on Spotify Technology from $670.00 to $600.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Citizens Jmp increased their price objective on shares of Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $630.00.

Spotify Technology Stock Up 3.1%

Shares of Spotify Technology stock opened at $489.90 on Wednesday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $748.30. The company has a 50-day simple moving average of $483.03 and a two-hundred day simple moving average of $485.12. The stock has a market capitalization of $100.86 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.58.

Insiders Place Their Bets

In other news, Director Sven Hans Martin Lorentzon sold 35,380 shares of Spotify Technology stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $525.73, for a total value of $18,600,327.40. Following the completion of the transaction, the director directly owned 6,383 shares in the company, valued at approximately $3,355,734.59. The trade was a 84.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Marshall sold 2,650 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the completion of the sale, the director owned 4,039 shares in the company, valued at $2,099,714.54. This trade represents a 39.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,878 shares of company stock worth $59,081,110 in the last three months. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Spotify Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC purchased a new stake in Spotify Technology during the 3rd quarter valued at $35,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Spotify Technology in the fourth quarter worth $32,000. Newbridge Financial Services Group Inc. purchased a new position in Spotify Technology in the 4th quarter worth approximately $35,000. Osbon Capital Management LLC purchased a new position in Spotify Technology during the fourth quarter valued at $35,000. Finally, Wilmington Savings Fund Society FSB boosted its position in shares of Spotify Technology by 85.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock valued at $38,000 after acquiring an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Key Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify surpassed 300 million Premium subscribers and reported 777 million monthly active users, up 12% year over year. Revenue increased 14% to approximately €4.78 billion, while net income reached €545 million, a significant improvement from the prior-year loss. Spotify now has over 300 million subscribers
• Positive Sentiment: Management forecast third-quarter revenue of roughly €5.0 billion and operating income of €670 million. Record margins, subscriber gains and stronger cash flow reinforce the long-term profitability argument. Spotify Q2 strengthens the long-term story
• Positive Sentiment: Wall Street remains broadly constructive. Guggenheim assigned a Buy rating with a $565 target, while Cantor Fitzgerald raised its price objective to $530, supporting the view that SPOT has further appreciation potential.
• Neutral Sentiment: Spotify is expanding AI features, including personalized podcasts in Germany that can use calendar and email information with user permission, as well as tools for fan-made covers and remixes. These initiatives could improve engagement and monetization but may increase costs and raise privacy concerns. Spotify plans AI podcasts for Germany
• Negative Sentiment: Despite beating headline revenue and earnings estimates, adjusted second-quarter earnings reportedly came in below consensus because higher marketing, cloud and AI expenses offset operational gains. Third-quarter profit guidance also fell short of investor expectations. Spotify Q2 earnings miss
• Negative Sentiment: Third-quarter guidance for 788 million monthly active users implies a marked slowdown in user growth, particularly in North America and Europe. Investors appear to be demanding faster growth and stronger near-term monetization, explaining the initial post-earnings pressure despite the quarterly beat.
• Negative Sentiment: Co-CEO Gustav Soderstrom sold 20,833 shares and CEO Alex Norstrom sold 5,436 shares to cover tax withholding on vested equity awards. Because the transactions were tax-related, their negative signaling value is limited, but the insider selling remains a near-term overhang. Spotify co-CEO stock sale

About Spotify Technology

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.