403 Shares in Spotify Technology $SPOT Bought by Pembroke Management LTD

Pembroke Management LTD purchased a new stake in shares of Spotify Technology (NYSE:SPOT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 403 shares of the company’s stock, valued at approximately $309,000.

Several other institutional investors have also added to or reduced their stakes in SPOT. Sound Income Strategies LLC increased its position in Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares in the last quarter. GFG Capital LLC purchased a new position in shares of Spotify Technology during the 2nd quarter valued at $33,000. Truvestments Capital LLC purchased a new position in shares of Spotify Technology during the 1st quarter valued at $34,000. Avion Wealth purchased a new position in Spotify Technology in the 2nd quarter worth approximately $38,000. Finally, SouthState Corp bought a new stake in shares of Spotify Technology during the first quarter valued at approximately $39,000. 84.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPOT has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research note on Wednesday, July 30th. BNP Paribas Exane assumed coverage on shares of Spotify Technology in a research report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price objective on the stock. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. JPMorgan Chase & Co. increased their target price on Spotify Technology from $740.00 to $805.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Citigroup raised their price target on shares of Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $729.94.

Spotify Technology Trading Up 0.8%

Shares of SPOT opened at $621.99 on Tuesday. The stock has a fifty day moving average price of $683.89 and a 200-day moving average price of $683.70. Spotify Technology has a 12 month low of $404.79 and a 12 month high of $785.00. The firm has a market cap of $128.06 billion, a PE ratio of 97.80, a P/E/G ratio of 2.49 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $3.83 EPS for the quarter, beating the consensus estimate of $1.87 by $1.96. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.23 billion. Spotify Technology had a net margin of 8.46% and a return on equity of 21.68%. Spotify Technology’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. Spotify Technology has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

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.