584 Shares in Spotify Technology $SPOT Acquired by Vigilare Wealth Management

Key Points

• Vigilare Wealth Management acquired 584 shares of Spotify Technology valued at approximately $448,000 in the second quarter, reflecting growing interest from various institutional investors.
• Spotify Technology's stock has seen a 4.1% decline recently, with a market capitalization of $143.02 billion and earnings per share (EPS) reported at ($0.42), missing expectations.
• Wall Street analysts maintain a generally positive outlook on Spotify, with several firms adjusting target prices, leading to a consensus rating of "Moderate Buy" and an average target price of $731.16.

Vigilare Wealth Management purchased a new position in Spotify Technology (NYSE:SPOT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 584 shares of the company's stock, valued at approximately $448,000.

Several other hedge funds have also made changes to their positions in the stock. Hartford Investment Management Co. grew its holdings in shares of Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock worth $797,000 after acquiring an additional 16 shares during the last quarter. Stonekeep Investments LLC grew its holdings in shares of Spotify Technology by 2.1% in the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after acquiring an additional 16 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock worth $2,249,000 after buying an additional 16 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of Spotify Technology by 3.7% in the first quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company's stock worth $262,000 after buying an additional 17 shares during the period. Finally, HM Payson & Co. boosted its position in shares of Spotify Technology by 39.1% in the first quarter. HM Payson & Co. now owns 64 shares of the company's stock worth $35,000 after buying an additional 18 shares during the period. Institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Down 4.1%

SPOT stock opened at $698.66 on Wednesday. The business's fifty day moving average is $694.95 and its 200-day moving average is $662.49. The company has a market cap of $143.02 billion, a P/E ratio of 169.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.71. Spotify Technology has a twelve month low of $362.31 and a twelve month high of $785.00.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays decreased their target price on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Guggenheim reaffirmed a "buy" rating and set a $850.00 price objective on shares of Spotify Technology in a report on Wednesday, September 3rd. Canaccord Genuity Group lifted their price objective on Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. UBS Group reduced their target price on Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Finally, Bank of America upped their price objective on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $731.16.

Spotify Technology 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.

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