Clifford Group LLC Makes New Investment in Spotify Technology $SPOT

Key Points

• Clifford Group LLC acquired a new stake in Spotify Technology, purchasing 400 shares valued at approximately $220,000 during the first quarter.
• Spotify reported a revenue of $4.94 billion for the last quarter, exceeding analysts' expectations of $4.29 billion, but it missed EPS estimates with a loss of ($0.42).
• Several brokerages raised their price targets for Spotify, with Bank of America increasing it to $900, indicating a consensus rating of "Moderate Buy" across 30 analysts.

Clifford Group LLC acquired a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 400 shares of the company's stock, valued at approximately $220,000.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after purchasing an additional 41 shares during the last quarter. Tsfg LLC acquired a new position in Spotify Technology during the 1st quarter valued at $28,000. North Star Investment Management Corp. raised its stake in Spotify Technology by 52.8% during the 1st 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 last quarter. Mpwm Advisory Solutions LLC acquired a new position in Spotify Technology during the 4th quarter valued at $26,000. Finally, Truvestments Capital LLC acquired a new position in Spotify Technology during the 1st quarter valued at $34,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of SPOT traded up $0.95 during trading hours on Tuesday, hitting $719.23. The stock had a trading volume of 562,293 shares, compared to its average volume of 2,225,012. The company's fifty day moving average is $694.82 and its two-hundred day moving average is $646.60. Spotify Technology has a 52 week low of $324.16 and a 52 week high of $785.00. The stock has a market capitalization of $147.23 billion, a price-to-earnings ratio of 174.45, a P/E/G ratio of 3.04 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm'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. Equities analysts predict that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPOT has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Rosenblatt Securities cut their target price on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley dropped their price objective 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. Sanford C. Bernstein increased their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group increased their price objective on shares of Spotify Technology from $680.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently 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.