Spotify Technology $SPOT is Gunderson Capital Management Inc.'s 8th Largest Position

Key Points

• Gunderson Capital Management Inc. has increased its investment in Spotify Technology by 68.5% during the second quarter, making it the firm's 8th largest position with holdings worth approximately $9.78 million.
• Research analysts have mixed ratings on Spotify, with Guggenheim maintaining a "buy" rating and a price target of $850.00, while the consensus price target across several analysts is $731.16.
• Spotify's recent quarterly earnings report showed a loss of $0.42 EPS, while revenue increased 10.1% year-over-year, surpassing analyst expectations at $4.94 billion.

Gunderson Capital Management Inc. grew its position in shares of Spotify Technology (NYSE:SPOT - Free Report) by 68.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,743 shares of the company's stock after purchasing an additional 5,180 shares during the quarter. Spotify Technology makes up about 4.1% of Gunderson Capital Management Inc.'s holdings, making the stock its 8th largest position. Gunderson Capital Management Inc.'s holdings in Spotify Technology were worth $9,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Joel Isaacson & Co. LLC grew its position in Spotify Technology by 1.0% during the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company's stock worth $1,190,000 after buying an additional 15 shares during the period. Ignite Planners LLC boosted its stake in shares of Spotify Technology by 2.4% during the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company's stock worth $489,000 after acquiring an additional 15 shares in the last quarter. Hartford Investment Management Co. grew 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 worth $797,000 after acquiring an additional 16 shares during the period. Stonekeep Investments LLC raised its holdings in Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after purchasing an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock worth $2,249,000 after purchasing an additional 16 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPOT shares. Guggenheim restated a "buy" rating and issued a $850.00 price target on shares of Spotify Technology in a research report on Wednesday, September 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Spotify Technology in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Phillip Securities upgraded Spotify Technology from a "moderate sell" rating to a "hold" rating in a report on Monday, August 4th. Finally, BNP Paribas Exane initiated coverage on Spotify Technology in a research report on Tuesday, September 16th. They set an "outperform" rating and a $900.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $731.16.

Spotify Technology Stock Down 0.4%

Shares of SPOT stock opened at $671.93 on Friday. Spotify Technology has a fifty-two week low of $364.26 and a fifty-two week high of $785.00. The stock has a market cap of $137.55 billion, a price-to-earnings ratio of 163.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.67. The firm's 50 day moving average price is $698.03 and its two-hundred day moving average price is $666.52.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $4.94 billion for 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%. During the same quarter in the prior year, the business earned $1.33 EPS. The company's revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities analysts forecast 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.

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