1,378 Shares in Spotify Technology $SPOT Bought by Little House Capital LLC

Key Points

• Little House Capital LLC acquired 1,378 shares of Spotify Technology valued at approximately $1,057,000 during the 2nd quarter.
• Analyst ratings for Spotify Technology are predominantly positive, with 20 analysts rating it as "Buy" and a consensus price target of $721.07.
• Spotify reported a Q2 earnings miss with an EPS of ($0.42), despite revenue increasing by 10.1% year-over-year, reaching $4.94 billion.

Little House Capital LLC purchased a new stake in Spotify Technology (NYSE:SPOT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,378 shares of the company's stock, valued at approximately $1,057,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lingohr Asset Management GmbH acquired a new stake in Spotify Technology in the 2nd quarter valued at $614,000. Parallel Advisors LLC increased its stake in Spotify Technology by 2.8% in the 2nd quarter. Parallel Advisors LLC now owns 2,931 shares of the company's stock valued at $2,249,000 after buying an additional 79 shares during the last quarter. Accelerate Investment Advisors LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at $201,000. Verde Capital Management increased its stake in Spotify Technology by 0.8% in the 2nd quarter. Verde Capital Management now owns 8,645 shares of the company's stock valued at $6,634,000 after buying an additional 69 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Spotify Technology by 1,958.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,400 shares of the company's stock valued at $1,074,000 after buying an additional 1,332 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Oppenheimer lifted their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an "outperform" rating in a research note on Monday, August 18th. Sanford C. Bernstein boosted their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Guggenheim restated a "buy" rating and set a $850.00 price objective on shares of Spotify Technology in a research note on Wednesday, September 3rd. Pivotal Research boosted their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Finally, UBS Group lowered their price objective on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Twenty analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus price target of $721.07.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $703.28 on Tuesday. The company has a market capitalization of $143.97 billion, a price-to-earnings ratio of 170.70, a PEG ratio of 2.99 and a beta of 1.71. The company has a 50-day simple moving average of $692.82 and a 200 day simple moving average of $650.27. Spotify Technology has a 52 week low of $337.15 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported ($0.42) EPS 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 the consensus estimate of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts forecast 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.

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