Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Spotify Technology NYSE: SPOT. In a filing disclosed on July 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Spotify Technology stock on June 5th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Spotify Technology Price Performance
Shares of SPOT opened at $694.90 on Friday. The company has a market capitalization of $142.25 billion, a P/E ratio of 115.24, a PEG ratio of 1.85 and a beta of 1.68. Spotify Technology has a one year low of $290.13 and a one year high of $785.00. The business's 50 day simple moving average is $696.06 and its 200-day simple moving average is $610.84.
Spotify Technology (NYSE:SPOT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($1.16). Spotify Technology had a return on equity of 22.53% and a net margin of 7.19%. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm's revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Spotify Technology will post 10.3 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SPOT has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Spotify Technology from $650.00 to $800.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Morgan Stanley lifted their target price on shares of Spotify Technology from $700.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Guggenheim lifted their target price on shares of Spotify Technology from $725.00 to $840.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Sanford C. Bernstein lifted their target price 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. Finally, Cantor Fitzgerald lifted their target price on shares of Spotify Technology from $610.00 to $640.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $701.31.
View Our Latest Analysis on Spotify Technology
Institutional Investors Weigh In On Spotify Technology
A number of large investors have recently bought and sold shares of the company. Jennison Associates LLC grew its stake in Spotify Technology by 42.3% during the first quarter. Jennison Associates LLC now owns 4,247,940 shares of the company's stock worth $2,336,494,000 after buying an additional 1,262,614 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Spotify Technology by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,526,988 shares of the company's stock worth $1,939,949,000 after acquiring an additional 112,553 shares during the last quarter. FMR LLC lifted its holdings in shares of Spotify Technology by 30.2% in the fourth quarter. FMR LLC now owns 2,041,387 shares of the company's stock worth $913,276,000 after acquiring an additional 473,569 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Spotify Technology by 0.4% in the fourth quarter. Schroder Investment Management Group now owns 1,912,937 shares of the company's stock worth $855,810,000 after acquiring an additional 7,075 shares during the last quarter. Finally, GQG Partners LLC bought a new position in shares of Spotify Technology in the fourth quarter worth about $800,725,000. 84.09% of the stock is currently owned by institutional investors and hedge funds.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Spotify Technology
(
Get Free Report)
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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