Spotify Technology’s (SPOT) “Market Outperform” Rating Reaffirmed at Citizens Jmp

Spotify Technology (NYSE:SPOT)‘s stock had its “market outperform” rating reaffirmed by stock analysts at Citizens Jmp in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $625.00 price target on the stock. Citizens Jmp‘s target price suggests a potential upside of 7.05% from the company’s current price.

A number of other equities analysts have also recently issued reports on SPOT. Rosenblatt Securities reiterated a “neutral” rating and set a $527.00 target price on shares of Spotify Technology in a report on Tuesday. Wells Fargo & Company lowered their target price on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. 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. Stonex Financia cut Spotify Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Finally, Cantor Fitzgerald raised their price objective on Spotify Technology from $490.00 to $550.00 and gave the company a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Spotify Technology currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.07.

Spotify Technology Price Performance

SPOT stock traded up $0.18 during trading hours on Friday, reaching $583.84. 2,478,122 shares of the stock were exchanged, compared to its average volume of 2,205,581. The firm’s 50-day moving average is $526.60 and its 200-day moving average is $497.87. The company has a market cap of $120.20 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.63 and a beta of 1.61. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $676.67.

Spotify Technology (NYSE:SPOT) last released its earnings results 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 firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%. Spotify Technology’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.42) EPS. As a group, equities research analysts forecast 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 Alex Norström sold 5,436 shares of the firm’s 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 directly owned 66,773 shares in the company, valued at $33,526,723.30. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $544.19, for a total transaction of $11,380,645.47. Following the sale, the chief executive officer owned 20,025 shares of the company’s stock, valued at $10,897,404.75. This trade represents a 51.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 68,092 shares of company stock valued at $35,762,410 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Spotify Technology

Several hedge funds have recently bought and sold shares of the stock. Tsfg LLC lifted its position in Spotify Technology by 39.7% during the second quarter. Tsfg LLC now owns 81 shares of the company’s stock worth $37,000 after acquiring an additional 23 shares during the last quarter. Carl P. Sherr & Co. LLC lifted its position in Spotify Technology by 0.7% during the first quarter. Carl P. Sherr & Co. LLC now owns 4,138 shares of the company’s stock worth $2,007,000 after acquiring an additional 27 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Spotify Technology by 2.8% during the third quarter. Frank Rimerman Advisors LLC now owns 1,066 shares of the company’s stock worth $520,000 after acquiring an additional 29 shares during the last quarter. Simplify Asset Management Inc. lifted its position in Spotify Technology by 3.1% during the first quarter. Simplify Asset Management Inc. now owns 1,074 shares of the company’s stock worth $521,000 after acquiring an additional 32 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of Spotify Technology by 7.5% in the first quarter. Arkadios Wealth Advisors now owns 474 shares of the company’s stock valued at $230,000 after buying an additional 33 shares in the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology News Roundup

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

• Positive Sentiment: Spotify reported 306 million premium subscribers in the third quarter, up 9% year over year and 1 million above its guidance. Monthly active users rose 11% to 788 million, with growth across all regions. Spotify Stock Jumps as Subscriber Growth Beats Expectations
• Positive Sentiment: Revenue increased roughly 16% year over year to about €4.97 billion, while gross margin expanded 140 basis points to 33% and operating income exceeded company guidance. Spotify expects fourth-quarter operating profit above Wall Street expectations and projects revenue of approximately €6.0 billion. Spotify forecasts fourth-quarter profit above estimates on AI bets
• Positive Sentiment: Management highlighted AI-powered personalization, including its “taste model,” as a way to increase listening, reduce churn and support pricing power. It also expects moderating expenses and continued margin expansion, with long-term targets of more than 20% operating margin and 35%–40% gross margin by 2030. Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs
• Positive Sentiment: Several analysts raised their targets following the results. Morgan Stanley and JPMorgan lifted targets to $700 with overweight ratings, while Wells Fargo, Barclays, Oppenheimer and Guggenheim also raised targets to $650–$660. Spotify Analysts Raise Their Forecasts Following Q3 Earnings
• Neutral Sentiment: Spotify’s headline results were mixed: quarterly EPS of roughly $2.78–$2.85 missed consensus near $3.10–$3.18, while revenue was slightly below estimates. Piper Sandler maintained a neutral rating with a $580 target, and Cantor Fitzgerald maintained neutral at $550.
• Negative Sentiment: TD Cowen reaffirmed a hold rating with a $525 price target, and some newly raised targets remain below the current market valuation, signaling concerns that much of the subscriber and AI optimism may already be reflected in SPOT shares.

About Spotify Technology

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.