Klingman & Associates LLC Makes New $438,000 Investment in Spotify Technology $SPOT

Key Points

• Klingman & Associates LLC has made a new investment in Spotify Technology, acquiring 571 shares valued at approximately $438,000 during the second quarter.
• Spotify recently reported earnings with a net loss of ($0.42) EPS, missing expectations, but with revenues of $4.94 billion surpassing forecasts.
• Equities analysts have mixed ratings for Spotify, with one analyst giving it a Strong Buy rating, while others suggest a cautious approach with an average price target of $731.16.

Klingman & Associates LLC acquired a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 571 shares of the company's stock, valued at approximately $438,000.

Other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its holdings in Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock worth $31,000 after acquiring an additional 25 shares during the last quarter. GFG Capital LLC purchased a new position in Spotify Technology during the 2nd quarter worth $33,000. Cornerstone Planning Group LLC boosted 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 acquiring an additional 41 shares during the last quarter. Tsfg LLC purchased a new position in Spotify Technology during the 1st quarter worth $28,000. Finally, Truvestments Capital LLC purchased a new position in Spotify Technology during the 1st quarter worth $34,000. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SPOT shares. Phillip Securities raised shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a report on Monday, August 4th. Bank of America boosted their price target on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. boosted their price target on shares of Spotify Technology from $740.00 to $805.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. DZ Bank raised shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group downgraded shares of Spotify Technology from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $765.00 to $770.00 in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $731.16.

Spotify Technology Stock Up 1.9%

NYSE SPOT opened at $688.54 on Wednesday. The company has a market cap of $140.95 billion, a PE ratio of 167.12, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. Spotify Technology has a 52 week low of $376.00 and a 52 week high of $785.00. The firm's 50-day simple moving average is $699.13 and its two-hundred day simple moving average is $673.70.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS 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%. Spotify Technology's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Spotify Technology will post 10.3 EPS for the current 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.

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