Signaturefd LLC increased its holdings in Spotify Technology (NYSE:SPOT - Free Report) by 21.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,895 shares of the company's stock after buying an additional 686 shares during the period. Signaturefd LLC's holdings in Spotify Technology were worth $2,142,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of SPOT. Mpwm Advisory Solutions LLC bought a new position in Spotify Technology in the fourth quarter worth approximately $26,000. Hillsdale Investment Management Inc. acquired a new position in shares of Spotify Technology during the fourth quarter worth $27,000. Tsfg LLC acquired a new position in shares of Spotify Technology during the first quarter worth $28,000. Copia Wealth Management acquired a new position in shares of Spotify Technology during the fourth quarter worth $29,000. Finally, Cornerstone Planning Group LLC increased its position 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 worth $29,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 84.09% of the company's stock.
Spotify Technology Price Performance
NYSE:SPOT traded down $27.69 during mid-day trading on Friday, hitting $693.22. The company's stock had a trading volume of 1,445,178 shares, compared to its average volume of 2,216,273. Spotify Technology has a 1 year low of $288.07 and a 1 year high of $785.00. The stock has a market cap of $141.91 billion, a price-to-earnings ratio of 114.96, a PEG ratio of 1.88 and a beta of 1.68. The business's fifty day moving average is $695.14 and its two-hundred day moving average is $608.01.
Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($1.16). Spotify Technology had a return on equity of 22.53% and a net margin of 7.19%. The firm had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company's revenue was up 15.2% compared to the same quarter last year. Analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.
Analyst Ratings Changes
SPOT has been the topic of a number of recent analyst reports. Pivotal Research upped their price target on Spotify Technology from $800.00 to $900.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. JPMorgan Chase & Co. upped their price target on Spotify Technology from $730.00 to $780.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Bank of America upped their price target on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Morgan Stanley upped their price target on Spotify Technology from $700.00 to $850.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein upped their price target on Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $701.31.
View Our Latest Stock Analysis on Spotify Technology
Spotify Technology Company Profile
(
Free Report)
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.
Further Reading
Before you consider Spotify Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spotify Technology wasn't on the list.
While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
