Raleigh Capital Management Inc. Acquires 75 Shares of Spotify Technology $SPOT

Raleigh Capital Management Inc. lifted its holdings in Spotify Technology (NYSE:SPOT) by 15.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 555 shares of the company’s stock after buying an additional 75 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Spotify Technology were worth $426,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC bought a new position in shares of Spotify Technology in the first quarter worth about $28,000. Cornerstone Planning Group LLC increased its holdings in shares of Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after purchasing an additional 41 shares in the last quarter. North Star Investment Management Corp. raised its position in Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Spotify Technology by 156.3% during the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after buying an additional 25 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Spotify Technology during the 1st quarter worth $34,000. Institutional investors own 84.09% of the company’s stock.

Wall Street Analyst Weigh In

SPOT has been the subject of a number of recent research reports. BNP Paribas Exane started coverage on Spotify Technology in a research report on Tuesday, September 16th. They set an “outperform” rating and a $900.00 target price for the company. Pivotal Research lifted their price objective on Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Sanford C. Bernstein upped their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. Argus assumed coverage on shares of Spotify Technology in a research report on Monday. They set a “buy” rating and a $845.00 price target for the company. Finally, Bank of America boosted their price target on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Price Performance

Shares of SPOT stock opened at $698.66 on Wednesday. The stock has a market cap of $143.02 billion, a PE ratio of 169.58, a price-to-earnings-growth ratio of 3.13 and a beta of 1.71. The stock has a 50-day moving average of $694.95 and a 200-day moving average of $662.49. Spotify Technology has a one year low of $362.31 and a one year high of $785.00.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) 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 firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Spotify Technology will post 10.3 earnings per share for the current year.

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.