Kondo Wealth Advisors Inc. Takes $205,000 Position in Spotify Technology $SPOT

Key Points

• Kondo Wealth Advisors Inc. has acquired a new stake in Spotify Technology by purchasing 373 shares valued at approximately $205,000.
• Analysts have mixed views on Spotify, with price targets ranging from $640.00 to $860.00, while the stock currently holds a "Moderate Buy" rating.
• Despite missing EPS estimates in its latest earnings report, Spotify reported a revenue increase of 10.1% year-over-year, totaling $4.94 billion.

Kondo Wealth Advisors Inc. purchased a new stake in Spotify Technology (NYSE:SPOT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 373 shares of the company's stock, valued at approximately $205,000.

Other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake 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 purchasing an additional 41 shares in the last quarter. Tsfg LLC bought a new stake in Spotify Technology during the 1st quarter worth approximately $28,000. North Star Investment Management Corp. increased its stake 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 purchasing an additional 19 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Spotify Technology during the 4th quarter worth approximately $26,000. 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 owned by institutional investors.

Analysts Set New Price Targets

SPOT has been the subject of several research reports. Cantor Fitzgerald raised their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Bank of America raised their price target on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Sanford C. Bernstein raised their price target on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. DZ Bank raised shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target for the company in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group raised their price target on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Twenty equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $721.07.

Spotify Technology Stock Up 1.0%

Shares of NYSE SPOT traded up $6.60 during trading hours on Friday, hitting $696.91. The company had a trading volume of 1,169,675 shares, compared to its average volume of 1,222,534. The firm's 50 day moving average is $693.51 and its 200-day moving average is $649.61. Spotify Technology has a 1-year low of $337.15 and a 1-year high of $785.00. The stock has a market capitalization of $142.66 billion, a P/E ratio of 169.15, a price-to-earnings-growth ratio of 2.99 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business earned $1.33 EPS. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Spotify Technology Company 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.