Concurrent Investment Advisors LLC Purchases 4,287 Shares of Spotify Technology $SPOT

Key Points

• Concurrent Investment Advisors LLC increased its stake in Spotify Technology by 319.9% in Q2, now holding 5,627 shares worth approximately $4.3 million.
• Spotify reported a net revenue of $4.94 billion for the quarter, exceeding estimates of $4.29 billion, but missed EPS estimates, posting ($0.42) per share.
• Analysts maintain a Moderate Buy rating for Spotify, with an average price target of $731.16, reflecting continued optimism despite recent earnings misses.

Concurrent Investment Advisors LLC raised its stake in Spotify Technology (NYSE:SPOT - Free Report) by 319.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,627 shares of the company's stock after acquiring an additional 4,287 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Spotify Technology were worth $4,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sapient Capital LLC acquired a new stake in Spotify Technology in the 2nd quarter valued at about $322,000. Swedbank AB increased its position in Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company's stock valued at $527,802,000 after acquiring an additional 13,458 shares in the last quarter. Legacy Capital Group California Inc. increased its position in Spotify Technology by 110.9% in the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company's stock valued at $2,990,000 after acquiring an additional 2,049 shares in the last quarter. Harbor Investment Advisory LLC increased its position in Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company's stock valued at $1,576,000 after acquiring an additional 544 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company's stock valued at $1,486,000 after acquiring an additional 769 shares in the last quarter. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Stock Performance

Shares of SPOT opened at $691.38 on Tuesday. Spotify Technology has a twelve month low of $364.26 and a twelve month high of $785.00. The firm's 50 day moving average price is $699.82 and its two-hundred day moving average price is $669.16. The firm has a market cap of $141.53 billion, a P/E ratio of 167.81, a PEG ratio of 3.23 and a beta of 1.67.

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 for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company 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 firm posted $1.33 EPS. The business's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPOT has been the subject of several analyst reports. Guggenheim reiterated a "buy" rating and set a $850.00 price target on shares of Spotify Technology in a research report on Wednesday, September 3rd. Sanford C. Bernstein lifted their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. UBS Group lowered their price target on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a research report on Wednesday, July 30th. Cantor Fitzgerald lifted their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, DZ Bank upgraded shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target for the company in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $731.16.

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.

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