Golden State Equity Partners Takes Position in Spotify Technology $SPOT

Key Points

• Golden State Equity Partners acquired a new position in Spotify Technology, purchasing 357 shares valued at approximately $274,000 during the 2nd quarter, according to SEC filings.
• Spotify's stock has a market cap of $146.89 billion with earnings per share reported at ($0.42), missing analyst estimates of $2.00.
• Institutional investors own 84.09% of Spotify's stock, indicating strong interest from large investment firms.

Golden State Equity Partners bought a new position in Spotify Technology (NYSE:SPOT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 357 shares of the company's stock, valued at approximately $274,000.

Several other large investors also recently added to or reduced their stakes in SPOT. Mackenzie Financial Corp grew its position in Spotify Technology by 1,508.1% in the fourth quarter. Mackenzie Financial Corp now owns 50,574 shares of the company's stock worth $22,626,000 after acquiring an additional 47,429 shares in the last quarter. Ascent Group LLC grew its position in Spotify Technology by 13.0% in the fourth quarter. Ascent Group LLC now owns 749 shares of the company's stock worth $335,000 after acquiring an additional 86 shares in the last quarter. Integrated Advisors Network LLC grew its position in Spotify Technology by 5.7% in the fourth quarter. Integrated Advisors Network LLC now owns 2,870 shares of the company's stock worth $1,284,000 after acquiring an additional 154 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in Spotify Technology by 15.4% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 957 shares of the company's stock worth $428,000 after acquiring an additional 128 shares in the last quarter. Finally, Brooklyn FI LLC bought a new stake in Spotify Technology in the fourth quarter worth approximately $658,000. 84.09% of the stock is owned by institutional investors.

Spotify Technology Price Performance

Shares of Spotify Technology stock opened at $717.57 on Wednesday. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The firm has a fifty day moving average price of $693.76 and a two-hundred day moving average price of $656.13. The company has a market cap of $146.89 billion, a PE ratio of 174.17, a price-to-earnings-growth ratio of 3.18 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued 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 last year, the company earned $1.33 earnings per share. Spotify Technology'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. Analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPOT. Morgan Stanley decreased their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Cantor Fitzgerald upped their price objective on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Benchmark decreased their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Pivotal Research upped their price objective on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, KeyCorp decreased their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. One 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 data from MarketBeat.com, the stock currently 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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