Generate Investment Management Ltd Cuts Stake in Spotify Technology $SPOT

Key Points

• Generate Investment Management Ltd reduced its stake in Spotify Technology by 17.5%, selling 4,339 shares, leaving it with 20,468 shares worth approximately $15.7 million.
• Spotify reported disappointing quarterly earnings with an EPS of ($0.42), missing analysts' estimates, but achieved revenue of $4.94 billion, surpassing expectations.
• Analyst ratings on Spotify are generally positive, with one Strong Buy, 21 Buy ratings, and 10 Hold ratings, while the consensus target price is $726.84.

Generate Investment Management Ltd lessened its stake in Spotify Technology (NYSE:SPOT - Free Report) by 17.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,468 shares of the company's stock after selling 4,339 shares during the quarter. Generate Investment Management Ltd's holdings in Spotify Technology were worth $15,706,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in shares of Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock valued at $31,000 after purchasing an additional 25 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after buying an additional 41 shares in the last quarter. Tsfg LLC bought a new position in Spotify Technology during the first quarter valued at approximately $28,000. North Star Investment Management Corp. boosted 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 valued at $30,000 after buying an additional 19 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new position in Spotify Technology during the 1st quarter valued at approximately $34,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Spotify Technology Stock Up 0.5%

SPOT stock opened at $715.87 on Monday. The business's fifty day simple moving average is $694.06 and its two-hundred day simple moving average is $661.18. Spotify Technology has a twelve month low of $362.31 and a twelve month high of $785.00. The firm has a market cap of $146.55 billion, a price-to-earnings ratio of 173.76, a PEG ratio of 3.08 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Research analysts expect that Spotify Technology will post 10.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group decreased their price objective on Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group upped their price target 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. Benchmark dropped their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Morgan Stanley decreased their target price on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Finally, Evercore ISI boosted their price objective on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research note on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $726.84.

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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