Silvant Capital Management LLC Decreases Stock Position in Spotify Technology $SPOT

Key Points

• Silvant Capital Management LLC has reduced its stake in Spotify Technology by 31.1%, now holding 14,985 shares valued at approximately $8.24 million after selling off 6,754 shares in the first quarter.
• Several institutional investors, including Cornerstone Planning Group LLC and North Star Investment Management Corp., have significantly increased their positions in Spotify, indicating ongoing investor interest.
• Analysts have mixed ratings on Spotify, with a consensus rating of "Moderate Buy" and a price target of around $720.07, showcasing varied expectations for the stock's performance.

Silvant Capital Management LLC cut its position in Spotify Technology (NYSE:SPOT - Free Report) by 31.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,985 shares of the company's stock after selling 6,754 shares during the quarter. Silvant Capital Management LLC's holdings in Spotify Technology were worth $8,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in shares of Spotify Technology by 512.5% in 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 during the period. Tsfg LLC acquired a new stake in Spotify Technology in the first quarter valued at $28,000. North Star Investment Management Corp. raised its holdings in Spotify Technology by 52.8% in the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after acquiring an additional 19 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Spotify Technology in the fourth quarter valued at $26,000. Finally, Copia Wealth Management acquired a new stake in shares of Spotify Technology during the fourth quarter worth $29,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPOT has been the topic of a number of research reports. Sanford C. Bernstein increased their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Rosenblatt Securities dropped their target price on shares of Spotify Technology from $703.00 to $679.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Robert W. Baird increased their target price on shares of Spotify Technology from $700.00 to $730.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Benchmark dropped their target price on shares of Spotify Technology from $840.00 to $800.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Twenty 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.com, Spotify Technology has a consensus rating of "Moderate Buy" and a consensus price target of $720.07.

Spotify Technology Price Performance

NYSE SPOT opened at $696.67 on Wednesday. The company has a 50 day simple moving average of $702.80 and a 200-day simple moving average of $642.65. The firm has a market capitalization of $142.61 billion, a price-to-earnings ratio of 169.09, a price-to-earnings-growth ratio of 2.99 and a beta of 1.69. Spotify Technology has a 52-week low of $319.07 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 (EPS) 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 analysts' expectations of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.Spotify Technology'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 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. On average, analysts predict that Spotify Technology will post 10.3 EPS 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.

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