Strs Ohio Cuts Position in Spotify Technology $SPOT

Strs Ohio lessened its holdings in Spotify Technology (NYSE:SPOT) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,858 shares of the company’s stock after selling 1,403 shares during the quarter. Strs Ohio’s holdings in Spotify Technology were worth $46,374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LVZ Inc. boosted its stake in shares of Spotify Technology by 15.7% in the 4th quarter. LVZ Inc. now owns 981 shares of the company’s stock worth $570,000 after buying an additional 133 shares during the last quarter. Objectivity Squared LLC lifted its stake in Spotify Technology by 0.8% in the fourth quarter. Objectivity Squared LLC now owns 2,582 shares of the company’s stock valued at $1,499,000 after purchasing an additional 20 shares during the last quarter. Del Sette Capital Management LLC lifted its stake in Spotify Technology by 3.9% in the fourth quarter. Del Sette Capital Management LLC now owns 3,862 shares of the company’s stock valued at $2,243,000 after purchasing an additional 145 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Spotify Technology in the fourth quarter valued at approximately $49,947,000. Finally, Horizon Investments LLC lifted its stake in Spotify Technology by 13.0% in the fourth quarter. Horizon Investments LLC now owns 4,301 shares of the company’s stock valued at $2,498,000 after purchasing an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SPOT shares. Benchmark dropped their price objective on Spotify Technology from $760.00 to $695.00 and set a “buy” rating on the stock in a research note on Wednesday. Canaccord Genuity Group dropped their price objective on Spotify Technology from $750.00 to $720.00 and set a “buy” rating on the stock in a research note on Wednesday. Cantor Fitzgerald dropped their price objective on Spotify Technology from $525.00 to $430.00 and set a “neutral” rating on the stock in a research note on Wednesday. Arete Research upgraded Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price objective on the stock in a research note on Thursday, February 26th. Finally, Moffett Nathanson started coverage on Spotify Technology in a research note on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $645.77.

Insiders Place Their Bets

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer owned 20,609 shares of the company’s stock, valued at $9,758,773.68. The trade was a 50.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. The trade was a 7.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Key Headlines Impacting 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 Price Performance

Shares of SPOT stock opened at $441.84 on Friday. The company’s fifty day simple moving average is $499.80 and its two-hundred day simple moving average is $547.02. Spotify Technology has a 1 year low of $405.00 and a 1 year high of $785.00. The stock has a market capitalization of $90.97 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.09 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last issued its earnings results 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 net margin of 15.56% and a return on equity of 35.73%. The business had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts anticipate that Spotify Technology will post 14.64 EPS for the current year.

Spotify Technology 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.