Spotify Technology (NYSE:SPOT) Stock Keeps Neutral Rating at Piper Sandler

Spotify Technology (NYSE:SPOT)‘s stock had its “neutral” rating reiterated by analysts at Piper Sandler in a research note issued on Friday, Benzinga reports. They currently have a $580.00 target price on the stock, up from their previous target price of $540.00. Piper Sandler‘s price target points to a potential downside of 0.89% from the company’s current price.

Other analysts have also issued research reports about the stock. Argus reaffirmed a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a research report on Thursday, August 13th. Stonex Financia lowered Spotify Technology from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Barclays raised their target price on Spotify Technology from $565.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday. KeyCorp reduced their target price on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Finally, Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $618.00.

Spotify Technology Stock Up 0.3%

NYSE:SPOT traded up $1.56 on Friday, hitting $585.22. The stock had a trading volume of 1,311,981 shares, compared to its average volume of 2,199,623. The stock has a market cap of $120.49 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.63 and a beta of 1.61. The company has a fifty day moving average price of $525.20 and a two-hundred day moving average price of $497.27. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $676.67.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned ($0.42) EPS. As a group, analysts anticipate that Spotify Technology will post 13.66 earnings per share for the current year.

Insider Transactions at Spotify Technology

In other Spotify Technology news, CEO Gustav Söderström sold 20,910 shares of Spotify Technology stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $530.13, for a total transaction of $11,085,018.30. Following the completion of the sale, the chief executive officer directly owned 19,908 shares in the company, valued at $10,553,828.04. This trade represents a 51.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Spotify Technology stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer owned 66,773 shares of the company’s stock, valued at $33,526,723.30. This trade represents a 7.53% decrease in their position. 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 68,092 shares of company stock valued at $35,762,410. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Spotify Technology

A number of institutional investors have recently modified their holdings of SPOT. Cantillon Capital Management LLC purchased a new stake in shares of Spotify Technology in the 1st quarter valued at $213,047,000. Southpoint Capital Advisors LP acquired a new position in Spotify Technology during the 1st quarter worth about $193,964,000. Principal Financial Group Inc. lifted its stake in Spotify Technology by 53.4% during the 1st quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after acquiring an additional 344,471 shares in the last quarter. Tiger Global Management LLC boosted its holdings in Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after acquiring an additional 319,300 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Spotify Technology by 20.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after acquiring an additional 286,844 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify reported 306 million premium subscribers, up 9% year over year and one million above guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Surges on Q3 Subscriber Beat And Bullish Forecast
• Positive Sentiment: Revenue increased approximately 16% year over year to €4.97 billion, while gross margin expanded to 33% and operating income exceeded company guidance. Spotify expects further margin improvement as expense growth moderates. Spotify revenue rises 16% as subscribers and margins improve
• Positive Sentiment: Management highlighted advertising recovery, AI-powered personalization through its “taste model,” audiobooks and AI-agent integrations as potential growth drivers. The company said AI is helping accelerate product launches without increasing headcount significantly. Spotify Q3 Earnings Call Highlights Ad Recovery and Cost Control
• Positive Sentiment: Several analysts raised their price targets following the results, including Wells Fargo to $660, Barclays and Guggenheim to $650, and Citizens JMP to $625, generally maintaining bullish ratings. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify guided to roughly $6.0 billion of fourth-quarter revenue, broadly matching consensus. It also expects approximately 818 million MAUs and 316 million premium subscribers, implying continued growth.
• Negative Sentiment: Quarterly EPS missed analyst expectations, and revenue was slightly below estimates. The earnings shortfall contrasts with the strong subscriber performance and could limit near-term upside. Spotify Q3 Earnings Miss Estimates
• Negative Sentiment: Not all analysts turned bullish: TD Cowen reaffirmed a Hold rating with a $525 target, while Cantor Fitzgerald maintained Neutral with a $550 target, both below the prevailing share price. TD Cowen Spotify Rating

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.