Baader Bank Aktiengesellschaft Purchases 1,150 Shares of Spotify Technology $SPOT

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Spotify Technology by 22.6%, acquiring an additional 1,150 shares and bringing its total holdings to 6,235 shares worth approximately $4.78 million.
• Spotify's stock is currently trading at $706.98, with a 52-week range between $340.37 and $785.00, and a market capitalization of $144.73 billion.
• Analysts have issued positive ratings for Spotify, with a consensus target price of $726.84 and multiple firms setting ambitious price targets as high as $900.

Baader Bank Aktiengesellschaft grew its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 22.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,235 shares of the company's stock after buying an additional 1,150 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Spotify Technology were worth $4,784,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of Spotify Technology during the fourth quarter valued at approximately $26,000. Tsfg LLC purchased a new stake in shares of Spotify Technology during the first quarter valued at approximately $28,000. Copia Wealth Management purchased a new stake in shares of Spotify Technology during the fourth quarter valued at approximately $29,000. Cornerstone Planning Group LLC grew its holdings 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 buying an additional 41 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its position in 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 purchasing an additional 19 shares during the period. Hedge funds and other institutional investors own 84.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SPOT. Guggenheim restated a "buy" rating and set a $850.00 price objective on shares of Spotify Technology in a research report on Wednesday, September 3rd. KeyCorp lowered their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. Bank of America increased their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, June 26th. Finally, Benchmark lowered their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $726.84.

Spotify Technology Stock Up 0.3%

SPOT traded up $2.36 during trading on Monday, hitting $737.28. The company's stock had a trading volume of 988,711 shares, compared to its average volume of 1,264,950. Spotify Technology has a one year low of $362.31 and a one year high of $785.00. The firm has a market cap of $150.93 billion, a PE ratio of 178.95, a P/E/G ratio of 3.16 and a beta of 1.71. The business's 50 day simple moving average is $693.62 and its 200-day simple moving average is $655.70.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.