Polar Asset Management Partners Inc. Buys New Position in Spotify Technology $SPOT

Key Points

• Polar Asset Management Partners Inc. has acquired a new position in Spotify Technology, purchasing 9,200 shares valued at approximately $5.06 million.
• Spotify reported a loss of ($0.42) earnings per share for the last quarter, significantly missing the analysts' estimates of $2.00.
• Currently, institutional investors and hedge funds collectively hold 84.09% of Spotify's stock, indicating strong institutional interest in the company.

Polar Asset Management Partners Inc. purchased a new position in Spotify Technology (NYSE:SPOT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,200 shares of the company's stock, valued at approximately $5,060,000.

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after acquiring an additional 41 shares in the last quarter. Tsfg LLC purchased a new position in Spotify Technology during the first quarter worth approximately $28,000. North Star Investment Management Corp. raised its holdings in shares of Spotify Technology by 52.8% during the first 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 acquired a new position in Spotify Technology during the fourth quarter worth about $26,000. Finally, Truvestments Capital LLC purchased a new position in shares of Spotify Technology during the 1st quarter worth $34,000. 84.09% of the stock is owned by institutional investors.

Spotify Technology Price Performance

Shares of NYSE:SPOT traded up $1.61 on Tuesday, reaching $719.89. 944,640 shares of the company traded hands, compared to its average volume of 1,296,593. Spotify Technology has a fifty-two week low of $324.16 and a fifty-two week high of $785.00. The stock has a market capitalization of $147.37 billion, a PE ratio of 174.34, a P/E/G ratio of 3.09 and a beta of 1.71. The company's 50 day moving average is $694.82 and its 200-day moving average is $646.60.

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

Analyst Upgrades and Downgrades

SPOT has been the subject of several recent analyst reports. KeyCorp reduced their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Pivotal Research increased their price target on shares of Spotify Technology from $800.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Morgan Stanley lowered their target price on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lifted their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Twenty investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $721.07.

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.