Sapient Capital LLC Buys Shares of 420 Spotify Technology $SPOT

Sapient Capital LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 420 shares of the company's stock, valued at approximately $322,000.

Other institutional investors have also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in Spotify Technology during the 4th quarter worth about $26,000. Tsfg LLC bought a new stake in shares of Spotify Technology in the 1st quarter valued at about $28,000. Copia Wealth Management purchased a new stake in shares of Spotify Technology in the 4th quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 84.09% of the company's stock.

Spotify Technology Price Performance

NYSE:SPOT opened at $706.98 on Thursday. The company's fifty day moving average price is $692.20 and its 200-day moving average price is $651.03. Spotify Technology has a 1-year low of $340.37 and a 1-year high of $785.00. The firm has a market capitalization of $144.73 billion, a P/E ratio of 171.60, a PEG ratio of 3.03 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings results 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 during 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 in the previous year, the company posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on SPOT. Canaccord Genuity Group boosted their price objective 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. Evercore ISI boosted their price target on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research report on Monday, June 16th. Deutsche Bank Aktiengesellschaft upped their price objective on Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Barclays dropped their price objective 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. Finally, Wells Fargo & Company boosted their target price on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Spotify Technology currently has a consensus rating of "Moderate Buy" and a consensus target price of $726.84.

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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