TBH Global Asset Management LLC Takes $303,000 Position in Spotify Technology $SPOT

Key Points

• TBH Global Asset Management LLC has taken a new position in Spotify Technology, acquiring 395 shares valued at approximately $303,000 during the second quarter.
• Spotify reported a loss of $0.42 EPS for the last quarter, significantly missing analysts' estimates, while its revenue increased to $4.94 billion, surpassing expectations.
• Multiple research firms have recently upgraded Spotify's stock, with BNP Paribas issuing a "strong-buy" rating and Guggenheim setting a target price of $850.00 per share.

TBH Global Asset Management LLC acquired a new position in Spotify Technology (NYSE:SPOT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 395 shares of the company's stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tsfg LLC acquired a new stake in shares of Spotify Technology during the 1st quarter valued at $28,000. Cornerstone Planning Group LLC grew its holdings in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after acquiring an additional 41 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of 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 purchasing an additional 19 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Spotify Technology during the first quarter valued at $34,000. Finally, HM Payson & Co. lifted its holdings in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company's stock valued at $35,000 after purchasing an additional 18 shares during the last quarter. 84.09% of the stock is owned by institutional investors and hedge funds.

Spotify Technology Price Performance

Shares of SPOT stock opened at $715.87 on Monday. The stock's 50-day moving average is $694.06 and its two-hundred day moving average is $661.18. Spotify Technology has a fifty-two week low of $362.31 and a fifty-two week high of $785.00. The firm has a market cap of $146.55 billion, a P/E ratio of 173.76, a PEG ratio of 3.08 and a beta of 1.71.

Spotify Technology (NYSE:SPOT - Get Free Report) last issued 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 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 analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $1.33 EPS. The business's revenue 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 expect that Spotify Technology will post 10.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPOT. BNP Paribas upgraded Spotify Technology to a "strong-buy" rating in a report on Tuesday, September 16th. Guggenheim reissued a "buy" rating and issued a $850.00 target price on shares of Spotify Technology in a research report on Wednesday, September 3rd. Sanford C. Bernstein boosted their price target 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. Wells Fargo & Company raised their price objective on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Phillip Securities upgraded shares of Spotify Technology from a "moderate sell" rating to a "hold" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $726.84.

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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