FY2026 EPS Estimates for SPOT Decreased by Erste Group Bank

Spotify Technology (NYSE:SPOT) – Equities research analysts at Erste Group Bank cut their FY2026 earnings estimates for Spotify Technology in a report released on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now expects that the company will post earnings per share of $14.26 for the year, down from their previous forecast of $14.28. The consensus estimate for Spotify Technology’s current full-year earnings is $14.29 per share.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The business had revenue of $5.45 billion during 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%.The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm earned ($0.42) EPS.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. lifted their target price on Spotify Technology from $600.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. UBS Group decreased their price target on shares of Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Cantor Fitzgerald raised their price target on shares of Spotify Technology from $510.00 to $530.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Morgan Stanley lifted their price objective on shares of Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Benchmark reduced their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $609.05.

Spotify Technology Price Performance

Shares of NYSE SPOT opened at $521.69 on Friday. The stock has a market capitalization of $107.41 billion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.54 and a beta of 1.59. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $745.00. The business has a fifty day moving average price of $507.99 and a 200 day moving average price of $493.62.

Hedge Funds Weigh In On Spotify Technology

Several hedge funds and other institutional investors have recently modified their holdings of SPOT. Sivia Capital Partners LLC purchased a new position in shares of Spotify Technology in the second quarter worth $312,000. Jump Financial LLC grew its holdings in shares of Spotify Technology by 5.2% during the second quarter. Jump Financial LLC now owns 1,132 shares of the company’s stock valued at $869,000 after buying an additional 56 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Spotify Technology in the 2nd quarter valued at $178,000. NewEdge Advisors LLC increased its position in shares of Spotify Technology by 36.9% in the 2nd quarter. NewEdge Advisors LLC now owns 12,650 shares of the company’s stock valued at $9,707,000 after acquiring an additional 3,412 shares during the period. Finally, Glenview Trust co purchased a new position in Spotify Technology in the 2nd quarter worth $298,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Spotify Technology news, CEO Gustav Söderström sold 20,833 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $478.45, for a total value of $9,967,548.85. Following the completion of the sale, the chief executive officer directly owned 20,259 shares in the company, valued at approximately $9,692,918.55. This trade represents a 50.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This represents a 7.53% decrease in their position. 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 a total of 52,538 shares of company stock worth $25,878,250 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Spotify Technology Company Profile

Spotify Technology SA is a Luxembourg-based audio streaming company that operates the Spotify platform. The service gives users access to a broad catalog of music, podcasts and audiobooks, with features for searching, discovering, creating and sharing audio content across connected devices.

Spotify offers an ad-supported service at no subscription cost and paid Premium plans that provide additional features, including ad-free listening and offline playback. The company generates revenue primarily through subscriptions and advertising, while working with music labels, publishers, podcast creators and other rights holders to distribute content.

Founded in Stockholm in 2006 by Daniel Ek and Martin Lorentzon, Spotify launched its streaming service in 2008.