Northwestern Mutual Wealth Management Co. Buys 3,895 Shares of Spotify Technology $SPOT

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Spotify Technology by 16.5% in the 1st quarter, owning 27,558 shares valued at approximately $15.16 million.
• Spotify reported a loss of $0.42 EPS for the last quarter, missing estimates of $2.00, despite a revenue increase to $4.94 billion.
• Analysts maintain a Moderate Buy consensus for Spotify stock, with price targets ranging from $640 to $900, following varied adjustments by multiple research firms.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 16.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,558 shares of the company's stock after purchasing an additional 3,895 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Spotify Technology were worth $15,158,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in shares of Spotify Technology by 36.3% during the first quarter. QRG Capital Management Inc. now owns 710 shares of the company's stock worth $391,000 after purchasing an additional 189 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Spotify Technology by 38.1% during the first quarter. GAMMA Investing LLC now owns 1,305 shares of the company's stock worth $718,000 after purchasing an additional 360 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Spotify Technology by 16.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,543 shares of the company's stock worth $4,699,000 after purchasing an additional 1,179 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Spotify Technology by 30.7% in the first quarter. Fifth Third Bancorp now owns 302 shares of the company's stock valued at $166,000 after buying an additional 71 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Spotify Technology by 238.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company's stock valued at $13,993,000 after buying an additional 17,932 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Spotify Technology Price Performance

SPOT traded down $4.62 during mid-day trading on Friday, hitting $683.19. The stock had a trading volume of 1,004,079 shares, compared to its average volume of 1,712,580. The stock's fifty day simple moving average is $701.49 and its 200-day simple moving average is $643.74. The firm has a market capitalization of $139.85 billion, a price-to-earnings ratio of 165.82, a price-to-earnings-growth ratio of 2.93 and a beta of 1.71. Spotify Technology has a 1-year low of $319.07 and a 1-year high of $785.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted 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 firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a report on Tuesday, July 8th. KeyCorp cut their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. The Goldman Sachs Group increased their price objective on shares of Spotify Technology from $680.00 to $775.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Benchmark cut their price objective 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. Finally, Bank of America increased their price objective on shares of Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a report on Thursday, June 26th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.