Mezzasalma Advisors LLC Acquires New Stake in Spotify Technology $SPOT

Mezzasalma Advisors LLC bought a new position in shares of Spotify Technology (NYSE:SPOT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 300 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Joel Isaacson & Co. LLC raised its position in shares of Spotify Technology by 1.0% during the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after acquiring an additional 15 shares during the last quarter. Ignite Planners LLC increased its position in Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company’s stock valued at $489,000 after purchasing an additional 15 shares during the period. Hartford Investment Management Co. raised its holdings in Spotify Technology by 1.1% during the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after purchasing an additional 16 shares during the last quarter. Stonekeep Investments LLC raised its holdings in Spotify Technology by 2.1% during the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its position in shares of Spotify Technology by 0.5% in the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after purchasing an additional 16 shares during the period. 84.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SPOT shares. Morgan Stanley decreased their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. KeyCorp cut their price target on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Benchmark decreased their price target on Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Barclays dropped their price objective 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. Finally, Rosenblatt Securities restated a “neutral” rating and set a $679.00 target price on shares of Spotify Technology in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Trading Up 1.0%

SPOT opened at $671.04 on Friday. The company has a fifty day moving average price of $699.44 and a two-hundred day moving average price of $671.61. Spotify Technology has a 1-year low of $369.42 and a 1-year high of $785.00. The company has a market cap of $137.37 billion, a P/E ratio of 162.87, a price-to-earnings-growth ratio of 3.20 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data 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). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $1.33 EPS. Spotify Technology’s revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

Spotify Technology 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.