Spotify Technology $SPOT Shares Sold by Junto Capital Management LP

Key Points

• Junto Capital Management LP reduced its stake in Spotify Technology by 5.5%, now holding 72,727 shares worth approximately $40 million.
• Spotify's Q2 earnings showed a reported loss of ($0.42) EPS, significantly missing analysts' expectations, despite a revenue increase to $4.94 billion.
• Analysts have given the stock a consensus rating of "Moderate Buy," with price targets ranging from $720.07 to $900.00, indicating optimism for future performance.

Junto Capital Management LP lowered its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 5.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,727 shares of the company's stock after selling 4,262 shares during the quarter. Junto Capital Management LP's holdings in Spotify Technology were worth $40,002,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Spotify Technology during the 4th quarter valued at approximately $26,000. Tsfg LLC acquired a new position in Spotify Technology during the 1st quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in Spotify Technology during the 4th quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its position 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 purchasing an additional 41 shares during the period. Finally, North Star Investment Management Corp. boosted its position in Spotify Technology by 52.8% during the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock valued at $30,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Stock Performance

SPOT opened at $683.19 on Friday. Spotify Technology has a one year low of $319.07 and a one year high of $785.00. The stock's fifty day moving average is $701.49 and its 200-day moving average is $643.75. The company has a market capitalization of $139.85 billion, a PE ratio of 165.82, a P/E/G ratio of 2.96 and a beta of 1.69.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Spotify Technology from $775.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley cut their target price on Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their target price on Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein lifted their target price on Spotify Technology from $825.00 to $840.00 and gave the company an "outperform" rating in a research note on Tuesday, July 8th. Finally, Bank of America lifted their target price on Spotify Technology from $700.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, June 26th. Twenty equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Spotify Technology currently has a consensus 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.

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