Spotify Technology (NYSE:SPOT) Cut to "Hold" at Wall Street Zen

Spotify Technology (NYSE:SPOT - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the stock. Citizens Jmp reissued a "market outperform" rating and issued a $600.00 price objective (down from $800.00) on shares of Spotify Technology in a research report on Wednesday, April 29th. UBS Group cut their target price on Spotify Technology from $760.00 to $735.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Moffett Nathanson initiated coverage on Spotify Technology in a report on Tuesday, January 27th. They issued a "neutral" rating and a $487.00 price target on the stock. Wells Fargo & Company decreased their price target on Spotify Technology from $640.00 to $580.00 and set an "overweight" rating for the company in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group dropped their price objective on Spotify Technology from $670.00 to $600.00 and set a "buy" rating for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $645.77.

Spotify Technology Stock Down 2.2%

SPOT stock opened at $417.86 on Friday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $785.00. The stock has a market capitalization of $86.03 billion, a price-to-earnings ratio of 33.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55. The firm's fifty day simple moving average is $496.76 and its two-hundred day simple moving average is $539.88.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter last year, the business earned $1.07 EPS. The business's revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts expect that Spotify Technology will post 14.62 EPS for the current year.

Insider Transactions at Spotify Technology

In other news, CEO Alex Norstrom sold 5,436 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the transaction, the chief executive officer directly owned 69,989 shares of the company's stock, valued at approximately $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gustav Soderstrom sold 20,833 shares of Spotify Technology stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total transaction of $9,864,842.16. Following the sale, the chief executive officer directly owned 20,609 shares of the company's stock, valued at $9,758,773.68. This represents a 50.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,102 shares of company stock worth $21,444,648 over the last 90 days. Insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Spotify Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new position in shares of Spotify Technology during the second quarter valued at $312,000. Jump Financial LLC lifted its stake in Spotify Technology by 5.2% in the second quarter. Jump Financial LLC now owns 1,132 shares of the company's stock worth $869,000 after acquiring an additional 56 shares during the period. Cary Street Partners Financial LLC purchased a new stake in Spotify Technology in the second quarter worth about $178,000. NewEdge Advisors LLC grew its holdings in Spotify Technology by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 12,650 shares of the company's stock worth $9,707,000 after acquiring an additional 3,412 shares in the last quarter. Finally, Glenview Trust co bought a new position in Spotify Technology during the 2nd quarter worth about $298,000. 84.09% of the stock is owned by institutional investors.

Key Headlines Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify continues to draw bullish analyst attention, with recent commentary highlighting meaningful upside from current levels and noting that most covering analysts still rate the stock a Buy. Spotify Technology (SPOT) Down 23% YTD, Should You Buy Before the Next Bull Run?
• Positive Sentiment: Spotify is expanding its AI push, including adding French, German, Italian, and Brazilian Portuguese support to its AI DJ feature, which could broaden engagement and strengthen product differentiation. Spotify's AI DJ now supports French, German, Italian and Brazilian Portuguese
• Positive Sentiment: Management is also leaning into AI-generated personal audio, suggesting a potential new growth avenue and longer-term monetization opportunity. Spotify wants to become the home for AI-generated personal audio
• Positive Sentiment: The company’s recent earnings report was solid, with an earnings beat and revenue slightly above expectations, reinforcing the case that fundamentals remain healthy.
• Neutral Sentiment: Spotify is receiving more investor attention online, which can increase trading interest but does not by itself change the business outlook. Investors Heavily Search Spotify Technology (SPOT): Here is What You Need to Know
• Neutral Sentiment: Coverage of a Peloton earnings beat mentioned a Spotify partnership, but that looks more like incremental visibility than a major near-term driver for Spotify. Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
• Negative Sentiment: CEO Gustav Söderström sold 20,833 shares in a pre-arranged 10b5-1 sale, which can weigh on sentiment even though it was tied to tax withholding on vesting awards. Insider sale by Gustav Söderström
• Negative Sentiment: Pomerantz LLP announced an investor investigation into Spotify, adding a legal overhang that could pressure the shares until more details emerge. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spotify Technology S.A. - SPOT

About Spotify Technology

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

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