748 Shares in Spotify Technology $SPOT Acquired by First Dallas Securities Inc.

Key Points

• First Dallas Securities Inc. has acquired 748 shares of Spotify Technology valued at approximately $411,000, indicating growing institutional interest in the company.
• Spotify's earnings report showed a miss on earnings per share of ($0.42), despite revenue of $4.94 billion exceeding estimates and representing a 10.1% year-over-year growth.
• Brokerage analysts have mixed views on Spotify, with target prices ranging between $700 and $900, and a consensus rating of "Moderate Buy."

First Dallas Securities Inc. acquired a new position in Spotify Technology (NYSE:SPOT - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 748 shares of the company's stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPOT. Fiduciary Trust Co acquired a new position in Spotify Technology in the 4th quarter worth approximately $230,000. Ensign Peak Advisors Inc boosted its stake in shares of Spotify Technology by 136.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 22,021 shares of the company's stock valued at $9,852,000 after buying an additional 12,720 shares during the period. Focus Partners Wealth boosted its stake in shares of Spotify Technology by 310.6% during the 4th quarter. Focus Partners Wealth now owns 7,543 shares of the company's stock valued at $3,375,000 after buying an additional 5,706 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Spotify Technology by 15.5% during the 4th quarter. Gotham Asset Management LLC now owns 27,708 shares of the company's stock valued at $12,396,000 after buying an additional 3,715 shares during the period. Finally, Hudson Way Capital Management LLC boosted its stake in shares of Spotify Technology by 1.1% during the 4th quarter. Hudson Way Capital Management LLC now owns 64,795 shares of the company's stock valued at $28,988,000 after buying an additional 727 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPOT. Morgan Stanley decreased their target price on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price 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. JPMorgan Chase & Co. lifted their target price 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. Bank of America lifted their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Benchmark decreased their target price on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Spotify Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $720.07.

Spotify Technology Trading Up 0.6%

Spotify Technology stock opened at $707.72 on Monday. The company has a market capitalization of $144.88 billion, a P/E ratio of 171.78, a P/E/G ratio of 3.04 and a beta of 1.71. The firm's fifty day simple moving average is $695.80 and its 200-day simple moving average is $645.82. Spotify Technology has a 1-year low of $319.07 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last released 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). The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts predict that Spotify Technology will post 10.3 earnings per share 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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