REAP Financial Group LLC Purchases 86 Shares of Spotify Technology $SPOT

REAP Financial Group LLC grew its position in Spotify Technology (NYSE:SPOT) by 172.0% in the second quarter, HoldingsChannel.com reports. The fund owned 136 shares of the company’s stock after buying an additional 86 shares during the period. REAP Financial Group LLC’s holdings in Spotify Technology were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tsfg LLC bought a new position in shares of Spotify Technology in the 1st quarter valued at about $28,000. Cornerstone Planning Group LLC grew its position in shares of Spotify Technology by 512.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock valued at $29,000 after acquiring an additional 41 shares during the period. North Star Investment Management Corp. grew its position in shares of Spotify Technology by 52.8% in the 1st quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. Sound Income Strategies LLC grew its position in shares of Spotify Technology by 156.3% in the 2nd quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after acquiring an additional 25 shares during the period. Finally, Truvestments Capital LLC bought a new position in shares of Spotify Technology in the 1st quarter valued at about $34,000. Institutional investors own 84.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPOT shares. Citigroup lifted their price objective on shares of Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. DZ Bank raised shares of Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price for the company in a report on Wednesday, July 30th. Benchmark reduced their target price on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Phillip Securities raised shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Finally, Oppenheimer lifted their target price on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $731.16.

Spotify Technology Stock Down 0.1%

NYSE SPOT opened at $679.89 on Wednesday. The company has a market capitalization of $139.18 billion, a P/E ratio of 165.02, a P/E/G ratio of 3.22 and a beta of 1.67. Spotify Technology has a 12-month low of $364.26 and a 12-month high of $785.00. The firm has a 50-day moving average price of $696.61 and a two-hundred day moving average price of $666.00.

Spotify Technology (NYSE:SPOT) last posted 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). The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.29 billion. Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 EPS. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts expect that Spotify Technology will post 10.3 EPS 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.