FY2026 EPS Estimates for SPOT Decreased by Erste Group Bank

Spotify Technology (NYSE:SPOT) – Equities researchers at Erste Group Bank dropped their FY2026 earnings estimates for shares of Spotify Technology in a note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $14.07 per share for the year, down from their prior estimate of $14.26. The consensus estimate for Spotify Technology’s current full-year earnings is $14.19 per share.

SPOT has been the subject of several other reports. Benchmark reduced their price objective on Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. UBS Group dropped their price target on Spotify Technology from $735.00 to $690.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Cantor Fitzgerald increased their price target on Spotify Technology from $510.00 to $530.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $594.50.

Spotify Technology Stock Up 1.7%

Shares of SPOT stock opened at $517.93 on Monday. The firm has a market cap of $106.63 billion, a P/E ratio of 32.25, a PEG ratio of 1.51 and a beta of 1.59. The company has a 50 day moving average of $515.04 and a 200-day moving average of $495.82. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $740.20.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%.The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.42) EPS.

Hedge Funds Weigh In On Spotify Technology

Several hedge funds have recently bought and sold shares of the company. Tsfg LLC boosted its holdings in Spotify Technology by 39.7% in the second quarter. Tsfg LLC now owns 81 shares of the company’s stock valued at $37,000 after acquiring an additional 23 shares in the last quarter. Carl P. Sherr & Co. LLC lifted its position in shares of Spotify Technology by 0.7% in the 1st quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock worth $2,007,000 after purchasing an additional 27 shares during the period. CNB Bank boosted its stake in shares of Spotify Technology by 3.5% during the 4th quarter. CNB Bank now owns 831 shares of the company’s stock valued at $483,000 after purchasing an additional 28 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Spotify Technology by 2.7% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,094 shares of the company’s stock valued at $635,000 after buying an additional 29 shares during the period. Finally, Verus Capital Partners LLC increased its position in shares of Spotify Technology by 8.7% during the fourth quarter. Verus Capital Partners LLC now owns 364 shares of the company’s stock valued at $211,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Insiders Place Their Bets

In other Spotify Technology news, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the completion of the transaction, the chief executive officer owned 20,025 shares in the company, valued at $10,897,404.75. This trade represents a 51.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the sale, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. This 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. Over the last quarter, insiders have sold 73,451 shares of company stock worth $37,258,896. 0.40% of the stock is currently owned by corporate insiders.

About Spotify Technology

Spotify Technology SA is a Luxembourg-based audio streaming company that operates the Spotify platform. The service gives users access to a broad catalog of music, podcasts and audiobooks, with features for searching, discovering, creating and sharing audio content across connected devices.

Spotify offers an ad-supported service at no subscription cost and paid Premium plans that provide additional features, including ad-free listening and offline playback. The company generates revenue primarily through subscriptions and advertising, while working with music labels, publishers, podcast creators and other rights holders to distribute content.

Founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its streaming service in 2008.