Spotify Technology (NYSE:SPOT – Free Report) had its price target lowered by KeyCorp from $745.00 to $680.00 in a research note published on Wednesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.
A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company reduced their price objective on Spotify Technology from $650.00 to $640.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. UBS Group reduced their price objective on Spotify Technology from $850.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, January 9th. Pivotal Research cut Spotify Technology from a “buy” rating to a “hold” rating and reduced their price objective for the company from $875.00 to $420.00 in a research note on Wednesday, February 11th. Morgan Stanley started coverage on Spotify Technology in a research note on Monday, April 13th. They set an “overweight” rating and a $630.00 price objective on the stock. Finally, Sanford C. Bernstein reduced their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $645.77.
Read Our Latest Stock Report on SPOT
Spotify Technology Stock Performance
Spotify Technology (NYSE:SPOT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts forecast that Spotify Technology will post 14.64 EPS for the current fiscal year.
Insider Activity
In other Spotify Technology news, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the completion of the sale, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. This trade represents a 50.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.
Institutional Trading of Spotify Technology
Institutional investors and hedge funds have recently bought and sold shares of the stock. Helios Capital Management PTE. Ltd. lifted its holdings in shares of Spotify Technology by 56.3% during the third quarter. Helios Capital Management PTE. Ltd. now owns 7,500 shares of the company’s stock valued at $5,235,000 after purchasing an additional 2,700 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Spotify Technology by 35.1% during the third quarter. Bessemer Group Inc. now owns 682,639 shares of the company’s stock valued at $476,483,000 after purchasing an additional 177,310 shares during the last quarter. Truxt Investmentos Ltda. purchased a new position in shares of Spotify Technology during the third quarter valued at approximately $2,093,000. Ownership Capital B.V. purchased a new position in shares of Spotify Technology during the third quarter valued at approximately $2,769,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Spotify Technology by 2.5% during the third quarter. Vanguard Group Inc. now owns 1,005,882 shares of the company’s stock valued at $702,106,000 after purchasing an additional 24,199 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Spotify Technology
Here are the key news stories impacting Spotify Technology this week:
- Positive Sentiment: Product actions to protect listener trust — Spotify is rolling out a “Verified”/“Verified by Spotify” artist badge and other features to clamp down on AI-generated impostor artists, which could preserve user trust and ad/retention metrics. Spotify introduces verified artist badges to help distinguish humans from AI
- Positive Sentiment: Monetization lift from pricing — Spotify said it will raise monthly Premium prices by €1–€3 in some markets, a near-term revenue tailwind that can help offset slower user-growth trends. Spotify to hike all monthly premium plans by €1 to €3
- Positive Sentiment: Stake sale / buyback support — Universal Music’s move to sell half its Spotify stake and ramp buybacks could tighten float or lead to buyback activity that supports the share price. Universal Music to sell half of Spotify stake, boosts buybacks
- Positive Sentiment: Some analysts still bullish — Canaccord and a few other firms maintained high price targets (e.g., $720), signaling continued conviction in Spotify’s long-term story despite near-term headwinds. Spotify Technology (NYSE:SPOT) Given New $720.00 Price Target at Canaccord Genuity Group
- Neutral Sentiment: Trimmed-but-positive ratings — UBS cut its price target (from $760 to $735) but kept a Buy view, reflecting reduced upside expectations while still supporting a constructive medium-term thesis. UBS trims Spotify price target
- Neutral Sentiment: Valuation/entry debate — Several market pieces are assessing whether the recent pullback creates a buying opportunity or simply prices in slower growth; this keeps investor sentiment mixed until guidance clarity. Is Spotify (SPOT) Offering A Chance After The Recent 13% Share Price Slide?
- Negative Sentiment: Broad analyst downgrades and target cuts — Multiple firms (JPMorgan, Goldman Sachs, Wells Fargo, Barclays, Pivotal Research, Guggenheim and others) lowered expectations or price targets after the quarter, increasing selling pressure. Spotify Technology (NYSE:SPOT) Price Target Cut to $600.00 by Analysts at JPMorgan Chase & Co.
- Negative Sentiment: Earnings pain points: growth and ad revenue — Investors reacted to Q1 results where premium-subscriber growth slowed and ad-revenue trends disappointed, triggering the recent sizable weekly selloff. Why Spotify Stock Plummeted This Week
Spotify Technology Company Profile
Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.
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