Triasima Portfolio Management inc. Makes New $5.78 Million Investment in Spotify Technology $SPOT

Key Points

• Triasima Portfolio Management Inc. has made a new investment in Spotify Technology, purchasing 7,529 shares valued at approximately $5.78 million.
• Spotify Technology's stock opened at $679.89, with a market cap of $139.18 billion and a one-year price range from $364.26 to $785.00.
• The company reported Q2 earnings with a loss of ($0.42) per share, missing analyst expectations, despite revenue of $4.94 billion, surpassing predictions of $4.29 billion.

Triasima Portfolio Management inc. purchased a new position in shares of Spotify Technology (NYSE:SPOT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,529 shares of the company's stock, valued at approximately $5,777,000.

Several other institutional investors also recently added to or reduced their stakes in SPOT. Tsfg LLC acquired a new position in Spotify Technology during the first quarter worth approximately $28,000. Cornerstone Planning Group LLC increased its position in Spotify Technology by 512.5% during the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company's stock worth $29,000 after buying an additional 41 shares during the period. North Star Investment Management Corp. increased its position 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 period. Sound Income Strategies LLC increased its position in Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company's stock worth $31,000 after buying an additional 25 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Spotify Technology during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 84.09% of the company's stock.

Spotify Technology Price Performance

Spotify Technology stock opened at $679.89 on Wednesday. Spotify Technology has a 1-year low of $364.26 and a 1-year high of $785.00. The company has a market cap of $139.18 billion, a PE ratio of 165.02, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67. The stock's 50 day moving average price is $696.61 and its 200 day moving average price is $666.00.

Spotify Technology (NYSE:SPOT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share 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 business had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The firm's quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on SPOT shares. UBS Group cut their price target on Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Phillip Securities upgraded Spotify Technology from a "moderate sell" rating to a "hold" rating in a research note on Monday, August 4th. Argus assumed coverage on Spotify Technology in a research note on Monday, September 29th. They set a "buy" rating and a $845.00 price target for the company. Bank of America upped their price target on Spotify Technology from $700.00 to $900.00 and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, BNP Paribas upgraded Spotify Technology to a "strong-buy" rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, Spotify Technology has an average rating of "Moderate Buy" and an average target price of $731.16.

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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