Knights of Columbus Asset Advisors LLC Buys 1,022 Shares of Spotify Technology $SPOT

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in Spotify Technology by 51.6%, acquiring an additional 1,022 shares during the 2nd quarter, bringing its total holdings to 3,003 shares valued at approximately $2.3 million.
• Spotify reported a loss of ($0.42) earnings per share for the last quarter, significantly missing analysts' expectations, although revenue increased to $4.94 billion, surpassing estimates.
• Recent analyst ratings for Spotify indicate mixed sentiments, with Barclays lowering their price target to $750 while Oppenheimer raised theirs to $825, reflecting a consensus rating of "Moderate Buy".

Knights of Columbus Asset Advisors LLC increased its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 51.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,003 shares of the company's stock after buying an additional 1,022 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Spotify Technology were worth $2,304,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPOT. Tsfg LLC bought a new stake in Spotify Technology during the 1st quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its position 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. North Star Investment Management Corp. grew its position in 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 acquiring an additional 19 shares during the last quarter. Sound Income Strategies LLC grew its position 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. Finally, Truvestments Capital LLC bought a new stake in Spotify Technology during the 1st quarter worth approximately $34,000. 84.09% of the stock is currently owned by institutional investors.

Spotify Technology Stock Performance

Shares of SPOT opened at $680.28 on Tuesday. The firm has a market capitalization of $139.26 billion, a price-to-earnings ratio of 165.12, a PEG ratio of 3.22 and a beta of 1.67. The business's fifty day moving average price is $695.42 and its two-hundred day moving average price is $665.91. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted 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). The company had revenue of $4.94 billion during the quarter, compared to analyst estimates 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 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 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Analyst Upgrades and Downgrades

SPOT has been the topic of a number of research analyst reports. Barclays decreased their price target on Spotify Technology from $800.00 to $750.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Oppenheimer increased their price target on Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. KeyCorp decreased their price target on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Argus started coverage on Spotify Technology in a research report on Monday, September 29th. They set a "buy" rating and a $845.00 price target on the stock. Finally, Sanford C. Bernstein increased their price objective on Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $731.16.

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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