Emmett Investment Management LP Lowers Stake in Spotify Technology $SPOT

Key Points

• Emmett Investment Management LP has reduced its stake in Spotify Technology by 8.1%, now holding 15,588 shares worth approximately $8.6 million.
• Spotify's quarterly earnings report showed an EPS of ($0.42), significantly missing estimates, despite revenue of $4.94 billion surpassing analyst expectations.
• Analysts have varied target prices for Spotify, with Goldman Sachs increasing its target from $680 to $775, while Barclays dropped theirs from $800 to $750.

Emmett Investment Management LP decreased its holdings in shares of Spotify Technology (NYSE:SPOT - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,588 shares of the company's stock after selling 1,380 shares during the period. Spotify Technology comprises 7.8% of Emmett Investment Management LP's portfolio, making the stock its 2nd biggest holding. Emmett Investment Management LP's holdings in Spotify Technology were worth $8,600,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of Spotify Technology during the 4th quarter worth approximately $26,000. Tsfg LLC acquired a new position in Spotify Technology during the first quarter worth $28,000. Copia Wealth Management bought a new position in shares of Spotify Technology during the fourth quarter valued at $29,000. Cornerstone Planning Group LLC lifted 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 acquiring an additional 41 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in shares of Spotify Technology by 52.8% in 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 in the last quarter. 84.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SPOT shares. The Goldman Sachs Group increased their target price on shares of Spotify Technology from $680.00 to $775.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Benchmark decreased 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 note on Wednesday, July 30th. Barclays dropped their price objective on shares of Spotify Technology from $800.00 to $750.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Bank of America lifted their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Cantor Fitzgerald increased their price target on Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Twenty equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $720.07.

Spotify Technology Price Performance

SPOT opened at $719.8870 on Wednesday. The stock has a market capitalization of $147.37 billion, a P/E ratio of 174.73, a price-to-earnings-growth ratio of 3.15 and a beta of 1.69. The company's 50 day simple moving average is $704.39 and its 200-day simple moving average is $639.65. Spotify Technology has a one year low of $319.07 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share (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 analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The firm's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Spotify Technology will post 10.3 EPS for the current 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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