Childress Capital Advisors LLC Makes New Investment in Spotify Technology $SPOT

Childress Capital Advisors LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 277 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPOT. NBC Securities Inc. bought a new position in shares of Spotify Technology during the 1st quarter worth approximately $384,000. Merit Financial Group LLC raised its position in shares of Spotify Technology by 28.7% during the first quarter. Merit Financial Group LLC now owns 4,180 shares of the company’s stock worth $2,299,000 after purchasing an additional 932 shares during the period. Fulton Bank N.A. raised its position in shares of Spotify Technology by 55.3% during the first quarter. Fulton Bank N.A. now owns 1,489 shares of the company’s stock worth $819,000 after purchasing an additional 530 shares during the period. Whipplewood Advisors LLC raised its position in shares of Spotify Technology by 93.6% during the first quarter. Whipplewood Advisors LLC now owns 577 shares of the company’s stock worth $317,000 after purchasing an additional 279 shares during the period. Finally, Portside Wealth Group LLC acquired a new position in shares of Spotify Technology during the first quarter worth approximately $375,000. 84.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SPOT has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $679.00 target price on shares of Spotify Technology in a research report on Wednesday. Sanford C. Bernstein upped their target price on Spotify Technology from $825.00 to $840.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Oppenheimer upped their target price on Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Monday, August 18th. Citigroup upped their target price on Spotify Technology from $715.00 to $750.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 9th. Finally, UBS Group lowered their target price on Spotify Technology from $895.00 to $850.00 and set a “buy” rating on the stock in a research report on Wednesday, July 30th. One analyst has 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Price Performance

SPOT opened at $702.00 on Thursday. The company has a market capitalization of $143.71 billion, a price-to-earnings ratio of 170.39, a P/E/G ratio of 3.00 and a beta of 1.67. The firm’s fifty day moving average price is $695.53 and its two-hundred day moving average price is $662.76. Spotify Technology has a 1 year low of $362.31 and a 1 year high of $785.00.

Spotify Technology (NYSE:SPOT) last announced 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). The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

About Spotify Technology

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.