Spotify Technology (NYSE:SPOT) Receives "Hold (C-)" Rating from Weiss Ratings

Key Points

• Weiss Ratings maintained a "Hold (C-)" rating for Spotify Technology (NYSE:SPOT), indicating a cautious outlook on the stock.
• Analyst ratings vary, with one Strong Buy, twenty-one Buy ratings, and twelve Hold ratings, and a consensus average price target of $731.16.
• Despite a recent trading drop of 0.8% to $674.91, Spotify has shown a year-over-year revenue increase of 10.1% with projected 10.3 EPS for the current fiscal year.

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

SPOT has been the topic of several other reports. Oppenheimer raised their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an "outperform" rating in a research report on Monday, August 18th. Sanford C. Bernstein raised their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Canaccord Genuity Group raised their target price on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. DZ Bank upgraded shares of Spotify Technology from a "sell" rating to a "hold" rating and set a $652.00 price target on the stock in a report on Wednesday, July 30th. Finally, UBS Group cut their price target on shares of Spotify Technology from $895.00 to $850.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $731.16.

Spotify Technology Trading Down 0.8%

Shares of Spotify Technology stock traded down $5.53 during mid-day trading on Wednesday, hitting $674.91. 1,428,520 shares of the stock were exchanged, compared to its average volume of 1,561,694. The company has a 50-day simple moving average of $697.12 and a 200 day simple moving average of $666.06. Spotify Technology has a twelve month low of $364.26 and a twelve month high of $785.00. The stock has a market capitalization of $138.16 billion, a price-to-earnings ratio of 163.81, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business posted $1.33 earnings per share. Spotify Technology's revenue was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Trading of Spotify Technology

A number of hedge funds have recently made changes to their positions in the company. Joel Isaacson & Co. LLC raised its stake in shares of Spotify Technology by 1.0% during the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company's stock valued at $1,190,000 after purchasing an additional 15 shares during the period. Ignite Planners LLC increased its stake in shares of Spotify Technology by 2.4% in the second quarter. Ignite Planners LLC now owns 637 shares of the company's stock worth $489,000 after buying an additional 15 shares during the last quarter. Hartford Investment Management Co. increased its stake in shares of Spotify Technology by 1.1% in the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company's stock worth $797,000 after buying an additional 16 shares during the last quarter. Stonekeep Investments LLC increased its stake in shares of Spotify Technology by 2.1% in the second quarter. Stonekeep Investments LLC now owns 773 shares of the company's stock worth $593,000 after buying an additional 16 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Spotify Technology by 0.5% in the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company's stock worth $2,249,000 after buying an additional 16 shares during the last quarter. Hedge funds and other 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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