Spotify Technology (NYSE:SPOT) Given Hold (C-) Rating at Weiss Ratings

Key Points

• Spotify Technology's stock received a "hold (C-)" rating from Weiss Ratings, while other analysts issued buy ratings with target prices ranging from $850 to $900.
• The company's stock opened at $645.22, showing significant volatility with a one-year range between $376.00 and $785.00.
• Spotify reported a quarterly revenue of $4.94 billion but missed earnings expectations, posting a loss of ($0.42) per share against a consensus of $2.00.

Spotify Technology (NYSE:SPOT - Get Free Report)'s stock had its "hold (c-)" rating restated by analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the stock. Guggenheim reaffirmed a "buy" rating and set a $850.00 target price on shares of Spotify Technology in a research note on Wednesday, September 3rd. BNP Paribas Exane assumed coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an "outperform" rating and a $900.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Spotify Technology from $700.00 to $775.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. UBS Group decreased their target price on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, Argus initiated coverage on shares of Spotify Technology in a research report on Monday, September 29th. They set a "buy" rating and a $845.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Spotify Technology presently has an average rating of "Moderate Buy" and a consensus price target of $731.16.

Spotify Technology Price Performance

Shares of SPOT opened at $645.22 on Friday. Spotify Technology has a one year low of $376.00 and a one year high of $785.00. The company has a 50-day simple moving average of $696.53 and a two-hundred day simple moving average of $675.70. The firm has a market capitalization of $132.08 billion, a PE ratio of 156.61, a price-to-earnings-growth ratio of 3.21 and a beta of 1.67.

Spotify Technology (NYSE:SPOT - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $1.33 EPS. Spotify Technology's revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts expect that Spotify Technology will post 10.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Spotify Technology

A number of large investors have recently added to or reduced their stakes in the stock. Joel Isaacson & Co. LLC grew its position in Spotify Technology by 1.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company's stock worth $1,190,000 after purchasing an additional 15 shares during the period. Ignite Planners LLC grew its position in Spotify Technology by 2.4% in the 2nd quarter. Ignite Planners LLC now owns 637 shares of the company's stock worth $489,000 after purchasing an additional 15 shares during the period. Hartford Investment Management Co. grew its position in Spotify Technology by 1.1% in the 1st quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock worth $797,000 after purchasing an additional 16 shares during the period. Stonekeep Investments LLC grew its position in Spotify Technology by 2.1% in the 2nd quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after purchasing an additional 16 shares during the period. Finally, Moody National Bank Trust Division grew its position in Spotify Technology by 0.5% in the 2nd quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock worth $2,249,000 after purchasing an additional 16 shares during the period. Institutional investors own 84.09% of the company's stock.

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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