Lingohr Asset Management GmbH Takes Position in Spotify Technology $SPOT

Key Points

• Lingohr Asset Management GmbH has made a new investment in Spotify Technology, acquiring 800 shares worth approximately $614,000 in the second quarter.
• Spotify's recent quarterly earnings report showed a loss per share of ($0.42), which was significantly below analysts' expectations of $2.00, although its revenue increased by 10.1% year-over-year.
• Institutional investors and hedge funds collectively own 84.09% of Spotify's stock, indicating strong support from large financial entities.

Lingohr Asset Management GmbH purchased a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 800 shares of the company's stock, valued at approximately $614,000.

Several other hedge funds also recently made changes to their positions in the business. Hartford Investment Management Co. boosted its holdings in shares of Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock valued at $797,000 after buying an additional 16 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Spotify Technology by 3.7% in the 1st quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company's stock valued at $262,000 after buying an additional 17 shares during the last quarter. HM Payson & Co. boosted its holdings in shares of Spotify Technology by 39.1% in the 1st quarter. HM Payson & Co. now owns 64 shares of the company's stock valued at $35,000 after buying an additional 18 shares during the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after buying an additional 19 shares during the last quarter. Finally, Adero Partners LLC boosted its holdings in shares of Spotify Technology by 0.7% in the 1st quarter. Adero Partners LLC now owns 2,635 shares of the company's stock valued at $1,449,000 after buying an additional 19 shares during the last quarter. 84.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Guggenheim reissued a "buy" rating and issued a $850.00 price objective on shares of Spotify Technology in a report on Wednesday, September 3rd. KeyCorp cut their price objective on Spotify Technology from $860.00 to $830.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Phillip Securities raised Spotify Technology from a "moderate sell" rating to a "hold" rating in a report on Monday, August 4th. Finally, Pivotal Research raised their price target on Spotify Technology from $800.00 to $900.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Twenty-one investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus price target of $726.84.

Spotify Technology Stock Up 0.1%

SPOT traded up $0.75 during trading on Tuesday, hitting $703.85. The company's stock had a trading volume of 1,573,487 shares, compared to its average volume of 1,209,740. Spotify Technology has a twelve month low of $339.28 and a twelve month high of $785.00. The stock's fifty day moving average price is $692.48 and its 200-day moving average price is $650.65. The firm has a market capitalization of $144.09 billion, a P/E ratio of 170.84, a PEG ratio of 3.02 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 (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 during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm posted $1.33 earnings per share. Spotify Technology's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts expect 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.