Spotify Technology $SPOT Shares Sold by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC has reduced its holdings in Spotify Technology by 32.3%, owning 1,544 shares valued at approximately $849,000 after selling 737 shares in the first quarter.
• Spotify reported a net loss of $0.42 EPS for the last quarter, missing the consensus estimate of $2.00, despite revenue increasing by 10.1% year-over-year to $4.94 billion.
• Analyst ratings for Spotify Technology show a consensus rating of "Moderate Buy" with target prices ranging from $652.00 to $850.00 among various research firms.

Driehaus Capital Management LLC reduced its stake in Spotify Technology (NYSE:SPOT - Free Report) by 32.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,544 shares of the company's stock after selling 737 shares during the quarter. Driehaus Capital Management LLC's holdings in Spotify Technology were worth $849,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Spotify Technology in the fourth quarter valued at $26,000. Tsfg LLC acquired a new position in Spotify Technology in the first quarter valued at $28,000. Copia Wealth Management acquired a new position in Spotify Technology in the fourth quarter valued at $29,000. Cornerstone Planning Group LLC increased its stake in Spotify Technology by 512.5% in the first 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. Finally, North Star Investment Management Corp. increased its stake in Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after acquiring an additional 19 shares during the last quarter. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Stock Performance

Shares of SPOT stock traded up $6.74 during trading hours on Thursday, reaching $704.07. The company had a trading volume of 1,336,855 shares, compared to its average volume of 2,247,258. Spotify Technology has a twelve month low of $319.07 and a twelve month high of $785.00. The company has a market capitalization of $144.13 billion, a P/E ratio of 170.89, a price-to-earnings-growth ratio of 2.93 and a beta of 1.71. The stock's fifty day simple moving average is $698.53 and its 200 day simple moving average is $644.75.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) 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 analyst estimates of $4.29 billion. During the same quarter last year, the business posted $1.33 EPS. Spotify Technology's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target for the company in a research note on Wednesday, July 30th. Rosenblatt Securities dropped their price target on Spotify Technology from $703.00 to $679.00 and set a "neutral" rating for the company in a research note on Wednesday, July 30th. Guggenheim restated a "buy" rating and set a $850.00 price target on shares of Spotify Technology in a research note on Wednesday. Sanford C. Bernstein upped their price target on Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company upped their price target on Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $720.07.

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.