Focus Partners Advisor Solutions LLC Makes New $364,000 Investment in Spotify Technology $SPOT

Key Points

• Focus Partners Advisor Solutions LLC invested approximately $364,000 in Spotify Technology by purchasing 662 shares in the first quarter, according to SEC filings.
• Wall Street analysts have issued a consensus rating of "Moderate Buy" for Spotify, with a target price averaging $720.07, while several analysts have projected more favorable price targets up to $850.00.
• Spotify's latest financial report showed a revenue increase of 10.1% year-over-year, reporting $4.94 billion for the quarter, despite a reported earnings per share (EPS) miss at ($0.42).

Focus Partners Advisor Solutions LLC acquired a new stake in Spotify Technology (NYSE:SPOT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 662 shares of the company's stock, valued at approximately $364,000.

A number of other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after buying an additional 41 shares during the last quarter. Tsfg LLC acquired a new stake in shares of Spotify Technology during the 1st quarter worth about $28,000. North Star Investment Management Corp. lifted 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 purchasing an additional 19 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Spotify Technology in the fourth quarter valued at approximately $26,000. Finally, Truvestments Capital LLC acquired a new position in Spotify Technology in the first quarter valued at approximately $34,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPOT shares. JPMorgan Chase & Co. boosted their target price on Spotify Technology from $730.00 to $780.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Bank of America lifted their price objective 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. Oppenheimer increased their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a research note on Monday, August 18th. DZ Bank upgraded Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target on the stock in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald upped their price objective on Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology currently has an average rating of "Moderate Buy" and a consensus target price of $721.07.

Spotify Technology Stock Performance

SPOT traded up $1.61 on Tuesday, hitting $719.89. 944,640 shares of the company were exchanged, compared to its average volume of 1,296,593. Spotify Technology has a fifty-two week low of $324.16 and a fifty-two week high of $785.00. The firm has a market capitalization of $147.37 billion, a P/E ratio of 174.73, a price-to-earnings-growth ratio of 3.09 and a beta of 1.71. The business's fifty day moving average is $694.75 and its 200 day moving average is $647.11.

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). The business had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts forecast that Spotify Technology will post 10.3 EPS for the current fiscal year.

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.