Accent Capital Management LLC Sells 2,566 Shares of Spotify Technology $SPOT

Key Points

• Accent Capital Management cut its Spotify stake by 70.2% in the fourth quarter, selling 2,566 shares and ending with 1,091 shares worth about $634,000.
• Spotify stock rose 5.9% to $518.92, with the company valuing at $106.83 billion; its shares have traded between $405 and $785 over the past 52 weeks.
• Recent results topped expectations, as Spotify reported $4.04 in EPS versus $3.41 expected and revenue of $5.25 billion, while analysts currently keep a “Moderate Buy” consensus with a $652.46 target price.

Accent Capital Management LLC lessened its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 70.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,091 shares of the company's stock after selling 2,566 shares during the period. Accent Capital Management LLC's holdings in Spotify Technology were worth $634,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPOT. Sivia Capital Partners LLC bought a new position in shares of Spotify Technology during the 2nd quarter valued at about $312,000. Jump Financial LLC lifted its holdings in shares of Spotify Technology by 5.2% during the 2nd quarter. Jump Financial LLC now owns 1,132 shares of the company's stock valued at $869,000 after purchasing an additional 56 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Spotify Technology during the 2nd quarter valued at about $178,000. NewEdge Advisors LLC lifted its holdings in shares of Spotify Technology by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,650 shares of the company's stock valued at $9,707,000 after purchasing an additional 3,412 shares in the last quarter. Finally, Glenview Trust co bought a new position in shares of Spotify Technology during the 2nd quarter valued at about $298,000. Institutional investors own 84.09% of the company's stock.

Spotify Technology Stock Up 5.9%

NYSE:SPOT opened at $518.92 on Friday. The firm has a market capitalization of $106.83 billion, a price-to-earnings ratio of 41.35, a price-to-earnings-growth ratio of 1.25 and a beta of 1.55. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The stock's 50 day moving average price is $479.80 and its two-hundred day moving average price is $523.86.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The firm's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 EPS. As a group, analysts anticipate that Spotify Technology will post 14.86 earnings per share for the current year.

Key Stories Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify announced a new AI partnership with Universal Music Group that will let Premium users create licensed AI-generated covers and remixes, opening a potential new revenue stream while giving artists a cut of the economics. Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
• Positive Sentiment: Management reinforced a bullish 2030 outlook, calling for mid-teens annual revenue growth and gross margins of 35% to 40%, which supports the argument that profitability can keep improving. Spotify stock pops on guidance at first investor day since 2022
• Positive Sentiment: Several Wall Street firms raised price targets after the event, including JPMorgan, Wells Fargo, Morgan Stanley, Barclays, Citizens JMP, and Jefferies, signaling stronger confidence in Spotify’s growth story. Analyst target hikes
• Positive Sentiment: Spotify also introduced new product features tied to engagement and monetization, including AI-generated podcasts, audiobook tools, and reserved concert tickets for top fans, which could deepen user activity and subscription value. Spotify adds AI-powered Q&A and briefing generation features to podcasts
• Neutral Sentiment: A Seeking Alpha opinion piece argued Spotify’s long-term path deserves a premium valuation, but this is more commentary than a new fundamental catalyst. Spotify's Path Forward Deserves This Premium
• Negative Sentiment: One Seeking Alpha note warned that weaker advertising trends could be a concern, suggesting ad-market softness may remain a headwind even as Spotify’s premium business improves. Spotify: Weaker Advertising Trends Are Becoming A Concern (Downgrade)

Insider Buying and Selling

In related news, CEO Alex Norstrom sold 5,436 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the transaction, the chief executive officer directly owned 69,989 shares of the company's stock, valued at approximately $33,560,425.39. The trade was a 7.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gustav Soderstrom sold 20,833 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. The trade was a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 47,102 shares of company stock worth $21,444,648 over the last three months. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. KeyCorp cut their target price on Spotify Technology from $745.00 to $680.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 29th. UBS Group cut their target price on Spotify Technology from $760.00 to $735.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Spotify Technology from $600.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday. The Goldman Sachs Group cut their target price on Spotify Technology from $670.00 to $600.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Finally, Benchmark cut their target price on Spotify Technology from $760.00 to $695.00 and set a "buy" rating on the stock in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $652.46.

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

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