Goldstream Capital Management Ltd Purchases New Stake in Spotify Technology $SPOT

Key Points

• Goldstream Capital Management Ltd has acquired a new stake in Spotify Technology, investing approximately $3.34 million to purchase 6,068 shares, making Spotify its 11th largest holding.
• Recent earnings results show that Spotify reported a loss of ($0.42) EPS for the quarter, significantly missing analyst expectations, while revenue increased by 10.1% year-over-year.
• Analyst ratings for Spotify indicate a consensus rating of "Moderate Buy", with various firms adjusting target prices, reflecting a broad interest among institutional investors in the stock.

Goldstream Capital Management Ltd purchased a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,068 shares of the company's stock, valued at approximately $3,338,000. Spotify Technology comprises 1.5% of Goldstream Capital Management Ltd's investment portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPOT. Mpwm Advisory Solutions LLC acquired a new position in Spotify Technology during the fourth quarter worth approximately $26,000. Tsfg LLC acquired a new position in Spotify Technology during the first quarter worth approximately $28,000. Copia Wealth Management acquired a new position in Spotify Technology during the fourth quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its holdings in shares of 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 purchasing an additional 41 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in shares of Spotify Technology by 52.8% during the 1st 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 period. Institutional investors and hedge funds own 84.09% of the company's stock.

Wall Street Analyst Weigh In

SPOT has been the subject of a number of research reports. Sanford C. Bernstein boosted their target price on Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Macquarie boosted their target price on Spotify Technology from $600.00 to $665.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Pivotal Research boosted their target price on Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Finally, JPMorgan Chase & Co. boosted their target price on Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Twenty analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus target price of $720.07.

Spotify Technology Stock Up 0.5%

Shares of SPOT traded up $3.2080 during trading on Friday, reaching $692.6780. The company's stock had a trading volume of 935,624 shares, compared to its average volume of 2,736,379. The company has a fifty day moving average of $703.72 and a two-hundred day moving average of $641.66. Spotify Technology has a twelve month low of $319.07 and a twelve month high of $785.00. The company has a market cap of $141.80 billion, a price-to-earnings ratio of 168.13, a P/E/G ratio of 2.98 and a beta of 1.69.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced 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 business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The business'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. As a group, equities 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.