Sandler Capital Management Has $3.25 Million Position in Spotify Technology $SPOT

Key Points

• Sandler Capital Management reduced its stake in Spotify Technology by 72.3%, now holding 5,899 shares valued at $3,245,000 after selling 15,416 shares in the first quarter.
• Recent analyst ratings show a consensus price target of $720.07 for Spotify, with twenty analysts rating it as a Buy and ten as Hold.
• In its most recent earnings report, Spotify missed the EPS estimate, reporting ($0.42) per share, while revenue was higher than expected at $4.94 billion.

Sandler Capital Management decreased its stake in shares of Spotify Technology (NYSE:SPOT - Free Report) by 72.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,899 shares of the company's stock after selling 15,416 shares during the quarter. Sandler Capital Management's holdings in Spotify Technology were worth $3,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Parkwood LLC boosted its holdings in shares of Spotify Technology by 23.1% in the 1st quarter. Parkwood LLC now owns 27,655 shares of the company's stock valued at $15,211,000 after acquiring an additional 5,185 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Spotify Technology in the first quarter valued at about $5,060,000. NewEdge Advisors LLC increased its position in Spotify Technology by 0.4% during the first quarter. NewEdge Advisors LLC now owns 9,238 shares of the company's stock worth $5,081,000 after purchasing an additional 39 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Spotify Technology by 39.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company's stock valued at $1,486,000 after acquiring an additional 769 shares during the last quarter. Finally, Hancock Whitney Corp boosted its stake in shares of Spotify Technology by 300.7% in the first quarter. Hancock Whitney Corp now owns 3,338 shares of the company's stock valued at $1,836,000 after purchasing an additional 2,505 shares during the period. Institutional investors and hedge funds own 84.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Spotify Technology from $680.00 to $775.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. KeyCorp reduced their target price 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. Morgan Stanley cut their price target on shares of Spotify Technology from $850.00 to $800.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Spotify Technology from $700.00 to $775.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Benchmark cut their target price on Spotify Technology from $840.00 to $800.00 and set a "buy" rating on the stock in a research note on Wednesday, July 30th. Twenty equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $721.07.

Spotify Technology Stock Performance

SPOT traded up $1.14 during trading on Tuesday, reaching $719.42. The company had a trading volume of 283,541 shares, compared to its average volume of 2,223,209. Spotify Technology has a 12-month low of $324.16 and a 12-month high of $785.00. The firm's 50-day simple moving average is $694.82 and its 200 day simple moving average is $646.60. The company has a market cap of $147.27 billion, a price-to-earnings ratio of 174.45, a PEG ratio of 3.04 and a beta of 1.71.

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 business had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period last year, the firm earned $1.33 EPS. The company's revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Spotify Technology will post 10.3 EPS for the current year.

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.