Mitchell Capital Management Co. Makes New Investment in Spotify Technology $SPOT

Mitchell Capital Management Co. purchased a new position in shares of Spotify Technology (NYSE:SPOT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,614 shares of the company’s stock, valued at approximately $2,773,000.

A number of other large investors also recently made changes to their positions in SPOT. GAMMA Investing LLC lifted its stake in shares of Spotify Technology by 38.1% during the 1st quarter. GAMMA Investing LLC now owns 1,305 shares of the company’s stock worth $718,000 after purchasing an additional 360 shares during the period. Fifth Third Bancorp grew its position in Spotify Technology by 30.7% during the first quarter. Fifth Third Bancorp now owns 302 shares of the company’s stock valued at $166,000 after acquiring an additional 71 shares during the period. CVA Family Office LLC grew its position in Spotify Technology by 35.1% during the first quarter. CVA Family Office LLC now owns 100 shares of the company’s stock valued at $55,000 after acquiring an additional 26 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Spotify Technology by 238.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company’s stock valued at $13,993,000 after acquiring an additional 17,932 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in Spotify Technology during the first quarter valued at about $152,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein boosted their price target on Spotify Technology from $825.00 to $840.00 and gave the company an “outperform” rating in a research report on Tuesday, July 8th. BNP Paribas Exane started coverage on shares of Spotify Technology in a research note on Tuesday, September 16th. They set an “outperform” rating and a $900.00 price objective for the company. Guggenheim reiterated a “buy” rating and set a $850.00 price objective on shares of Spotify Technology in a research note on Wednesday, September 3rd. Phillip Securities upgraded shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Benchmark decreased their price objective on shares of Spotify Technology from $840.00 to $800.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. One 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 stock. Based on data from MarketBeat.com, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Price Performance

NYSE:SPOT opened at $685.66 on Monday. The business’s 50-day moving average is $699.20 and its two-hundred day moving average is $668.24. Spotify Technology has a 12 month low of $364.26 and a 12 month high of $785.00. The firm has a market capitalization of $140.36 billion, a PE ratio of 166.42, a price-to-earnings-growth ratio of 3.23 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a net margin of 4.76% and a return on equity of 13.67%. The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the business earned $1.33 earnings per share. The company’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. Equities analysts anticipate that Spotify Technology will post 10.3 EPS for the current year.

About Spotify Technology

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.