Spotify Technology $SPOT Shares Sold by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. significantly reduced its stake in Spotify Technology by 59.0% in the first quarter, selling 2,854 shares and now holding only 1,980 shares.
• Despite a revenue increase of 10.1% year-over-year, Spotify reported a loss of ($0.42) earnings per share for the latest quarter, missing analysts' expectations.
• Spotify has received mixed ratings from analysts, with a consensus price target of $720.07 and the majority rating the stock as a Moderate Buy.

Landscape Capital Management L.L.C. decreased its stake in Spotify Technology (NYSE:SPOT - Free Report) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,980 shares of the company's stock after selling 2,854 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Spotify Technology were worth $1,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPOT. Cornerstone Planning Group LLC raised its position in shares of Spotify Technology by 512.5% during the first 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 shares of Spotify Technology during the 1st quarter worth approximately $28,000. North Star Investment Management Corp. boosted its holdings in Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company's stock worth $30,000 after buying an additional 19 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Spotify Technology in the fourth quarter worth $26,000. Finally, Truvestments Capital LLC acquired a new position in shares of Spotify Technology in the first quarter valued at approximately $34,000. Institutional investors own 84.09% of the company's stock.

Spotify Technology Trading Down 0.7%

Shares of SPOT opened at $683.19 on Friday. The business's fifty day simple moving average is $701.49 and its two-hundred day simple moving average is $643.75. Spotify Technology has a 12 month low of $319.07 and a 12 month high of $785.00. The company has a market cap of $139.85 billion, a price-to-earnings 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 released 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). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the firm posted $1.33 earnings per share. Spotify Technology'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. As a group, research analysts forecast that Spotify Technology will post 10.3 EPS for the current year.

Wall Street Analysts Forecast Growth

SPOT has been the subject of a number of analyst reports. DZ Bank raised shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price objective for the company in a research report on Wednesday, July 30th. Sanford C. Bernstein upped their price target 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. Cantor Fitzgerald upped their price target on shares of Spotify Technology from $610.00 to $640.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. KeyCorp cut their target price on shares of Spotify Technology from $860.00 to $830.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Morgan Stanley reduced their price objective on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $720.07.

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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