Spotify Technology $SPOT Shares Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC increased its stake in Spotify Technology by 11.1%, now holding 5,189 shares valued at approximately $2.85 million.
• Spotify reported a Q2 EPS loss of $0.42, significantly missing the consensus estimate of $2.00, despite revenue exceeding expectations at $4.94 billion.
• Wall Street analysts have a mixed outlook, with the average target price for Spotify shares set at $720.07, indicating a strong "Moderate Buy" sentiment overall.

Kestra Advisory Services LLC raised its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,189 shares of the company's stock after buying an additional 520 shares during the quarter. Kestra Advisory Services LLC's holdings in Spotify Technology were worth $2,854,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in Spotify Technology by 512.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock valued at $29,000 after buying an additional 41 shares during the last quarter. Tsfg LLC acquired a new stake in Spotify Technology during the 1st quarter valued at $28,000. North Star Investment Management Corp. lifted its stake in shares of 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 during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Spotify Technology during the 4th quarter worth $26,000. Finally, Copia Wealth Management purchased a new position in shares of Spotify Technology during the 4th quarter worth $29,000. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Trading Down 0.7%

NYSE:SPOT traded down $4.62 during mid-day trading on Friday, hitting $683.19. The company had a trading volume of 1,004,079 shares, compared to its average volume of 1,712,580. The business has a fifty day simple moving average of $701.49 and a 200-day simple moving average of $643.77. Spotify Technology has a 1 year low of $319.07 and a 1 year high of $785.00. The firm has a market capitalization of $139.85 billion, a price-to-earnings ratio of 165.82, a PEG ratio of 2.93 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $2.00 by ($2.42). The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The firm's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Canaccord Genuity Group increased their price target on Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Sanford C. Bernstein increased their price target on Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Guggenheim increased their price target on Spotify Technology from $800.00 to $850.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. DZ Bank raised Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target on the stock in a research note on Wednesday, July 30th. Finally, Evercore ISI increased their price target on Spotify Technology from $650.00 to $750.00 and gave the stock an "outperform" rating in a research note on Monday, June 16th. Twenty investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Spotify Technology has an average rating of "Moderate Buy" and a consensus price target of $720.07.

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.