Calamos Wealth Management LLC Purchases 1,397 Shares of Spotify Technology $SPOT

Key Points

• Calamos Wealth Management LLC increased its holdings in Spotify Technology by 42.2% in the second quarter, now owning a total of 4,711 shares worth approximately $3.6 million.
• Spotify reported a quarterly earnings miss, with EPS of ($0.42), significantly below the consensus estimate of $2.00, although revenue reached $4.94 billion, exceeding expectations.
• Research analysts have varying ratings for Spotify, with a consensus target price of $731.16, indicating overall optimism amidst the recent earnings report.

Calamos Wealth Management LLC boosted its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 42.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,711 shares of the company's stock after buying an additional 1,397 shares during the quarter. Calamos Wealth Management LLC's holdings in Spotify Technology were worth $3,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock worth $31,000 after purchasing an additional 25 shares in the last quarter. GFG Capital LLC bought a new position in Spotify Technology in the 2nd quarter worth $33,000. Cornerstone Planning Group LLC raised its holdings in Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Tsfg LLC bought a new position in Spotify Technology in the 1st quarter worth $28,000. Finally, Truvestments Capital LLC bought a new position in Spotify Technology in the 1st quarter worth $34,000. 84.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. DZ Bank upgraded shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective for the company in a report on Wednesday, July 30th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $679.00 target price on shares of Spotify Technology in a research report on Wednesday, October 1st. Bank of America upped their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. KeyCorp reduced their target price 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. Finally, Morgan Stanley reduced 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $731.16.

Spotify Technology Stock Performance

Shares of SPOT stock opened at $671.04 on Friday. Spotify Technology has a one year low of $369.42 and a one year high of $785.00. The company's 50-day moving average is $699.44 and its 200 day moving average is $671.61. The company has a market capitalization of $137.37 billion, a price-to-earnings ratio of 162.87, a price-to-earnings-growth ratio of 3.20 and a beta of 1.67.

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). 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 analysts' expectations of $4.29 billion. During the same period last year, the company posted $1.33 earnings per share. 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. As a group, research analysts predict that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Spotify Technology Company 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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