Accelerate Investment Advisors LLC Makes New Investment in Spotify Technology $SPOT

Accelerate Investment Advisors LLC bought a new position in shares of Spotify Technology (NYSE:SPOT) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 262 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SPOT. Mpwm Advisory Solutions LLC purchased a new stake in shares of Spotify Technology during the 4th quarter valued at $26,000. Tsfg LLC purchased a new stake in shares of Spotify Technology during the 1st quarter valued at $28,000. Copia Wealth Management purchased a new stake in shares of Spotify Technology during the 4th quarter valued at $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its holdings in shares of Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

SPOT has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Spotify Technology from $730.00 to $780.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Canaccord Genuity Group increased their price objective on Spotify Technology from $775.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. 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 report on Wednesday, July 30th. KeyCorp reduced their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Finally, Benchmark reduced their target price on Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $721.07.

Spotify Technology Price Performance

Shares of SPOT stock opened at $696.91 on Friday. The firm has a market capitalization of $142.66 billion, a price-to-earnings ratio of 169.15, a price-to-earnings-growth ratio of 2.97 and a beta of 1.71. The business has a fifty day moving average of $693.51 and a 200 day moving average of $649.20. Spotify Technology has a 1 year low of $337.15 and a 1 year 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 for the quarter, missing the consensus estimate of $2.00 by ($2.42). The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.Spotify Technology’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Spotify Technology will post 10.3 earnings per share for the current 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.