BSW Wealth Partners Takes Position in Spotify Technology $SPOT

BSW Wealth Partners purchased a new position in shares of Spotify Technology (NYSE:SPOT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 316 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sapient Capital LLC bought a new stake in shares of Spotify Technology in the 2nd quarter worth $322,000. Legacy Capital Group California Inc. boosted its holdings in Spotify Technology by 110.9% during the second quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after purchasing an additional 2,049 shares during the last quarter. Swedbank AB grew its position in Spotify Technology by 1.4% in the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after purchasing an additional 13,458 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after buying an additional 544 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock valued at $1,486,000 after buying an additional 769 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPOT has been the subject of several recent analyst reports. Cantor Fitzgerald upped their target price on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price objective on Spotify Technology from $740.00 to $805.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp decreased their target price on Spotify Technology from $860.00 to $830.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price target on shares of Spotify Technology from $740.00 to $750.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Oppenheimer increased their price target on shares of Spotify Technology from $750.00 to $825.00 and gave the company an “outperform” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $731.16.

Spotify Technology Stock Up 1.0%

NYSE SPOT opened at $707.70 on Friday. The company has a market cap of $144.87 billion, a PE ratio of 171.77, a price-to-earnings-growth ratio of 3.32 and a beta of 1.67. Spotify Technology has a 52 week low of $362.31 and a 52 week high of $785.00. The firm’s 50-day simple moving average is $696.08 and its two-hundred day simple moving average is $663.52.

Spotify Technology (NYSE:SPOT) last posted its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share 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 business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

Spotify Technology 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.