Optimize Financial Inc Purchases Shares of 2,458 Spotify Technology $SPOT

Key Points

• Optimize Financial Inc has acquired 2,458 shares of Spotify Technology valued at approximately $1.35 million, indicating increased interest from institutional investors, which now own 84.09% of the stock.
• Equities research analysts have raised price targets on Spotify shares, with the consensus target now at $720.07 and a majority rating the stock as a "Buy" or "Outperform."
• Spotify reported a 10.1% increase in quarterly revenue compared to last year but missed EPS estimates, highlighting a mixed financial performance in their latest earnings report.

Optimize Financial Inc purchased a new stake in Spotify Technology (NYSE:SPOT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,458 shares of the company's stock, valued at approximately $1,352,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after acquiring an additional 41 shares during the last quarter. Tsfg LLC acquired a new stake in Spotify Technology in the 1st quarter valued at about $28,000. North Star Investment Management Corp. lifted its holdings in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Spotify Technology during the fourth quarter valued at about $26,000. Finally, Truvestments Capital LLC purchased a new stake in Spotify Technology during the first quarter valued at about $34,000. 84.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group reduced their price objective on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Oppenheimer upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Spotify Technology from $730.00 to $780.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Sanford C. Bernstein upped their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $721.07.

Spotify Technology Price Performance

NYSE:SPOT traded down $13.09 during mid-day trading on Thursday, reaching $691.00. The stock had a trading volume of 2,153,149 shares, compared to its average volume of 1,277,807. The business's 50 day moving average is $694.05 and its 200 day moving average is $648.12. Spotify Technology has a fifty-two week low of $337.13 and a fifty-two week high of $785.00. The stock has a market cap of $141.45 billion, a P/E ratio of 167.72, a PEG ratio of 3.03 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the company posted $1.33 EPS. The company's quarterly revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology Company 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.