Clear Creek Financial Management LLC Makes New $203,000 Investment in Spotify Technology $SPOT

Clear Creek Financial Management LLC acquired a new position in shares of Spotify Technology (NYSE:SPOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 265 shares of the company’s stock, valued at approximately $203,000.

Other large investors also recently added to or reduced their stakes in the company. Tsfg LLC bought a new stake in Spotify Technology during the first quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its stake in Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after acquiring an additional 41 shares during the last quarter. North Star Investment Management Corp. increased its stake in Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the last quarter. Sound Income Strategies LLC increased its stake in Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after acquiring an additional 25 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in Spotify Technology during the first quarter worth approximately $34,000. 84.09% of the stock is owned by institutional investors.

Spotify Technology Stock Performance

Shares of NYSE SPOT opened at $685.66 on Friday. The firm has a market capitalization of $140.36 billion, a price-to-earnings ratio of 166.42, a PEG ratio of 3.24 and a beta of 1.67. The stock has a 50 day moving average price of $699.20 and a 200 day moving average price of $667.63. Spotify Technology has a 52-week low of $364.26 and a 52-week high of $785.00.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.42). The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts forecast that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on SPOT shares. UBS Group reduced their price objective on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Benchmark cut their target price on Spotify Technology from $840.00 to $800.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. Canaccord Genuity Group upped their target price on Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group cut Spotify Technology from a “buy” rating to a “neutral” rating and upped their target price for the company from $765.00 to $770.00 in a research note on Tuesday, September 30th. Finally, Barclays cut their target price on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.