Spotify Technology (NYSE:SPOT) Sees Significant Decrease in Short Interest

Spotify Technology (NYSE:SPOT) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 6,241,381 shares, a drop of 17.7% from the December 31st total of 7,584,968 shares. Based on an average trading volume of 2,689,070 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.0% of the company’s stock are short sold. Approximately 3.0% of the company’s stock are short sold. Based on an average trading volume of 2,689,070 shares, the days-to-cover ratio is currently 2.3 days.

Spotify Technology Trading Down 7.1%

NYSE:SPOT traded down $33.49 during trading hours on Wednesday, reaching $440.50. The company had a trading volume of 6,807,424 shares, compared to its average volume of 2,823,313. The firm has a market cap of $90.69 billion, a price-to-earnings ratio of 69.26, a PEG ratio of 0.97 and a beta of 1.66. The firm’s 50 day moving average price is $555.01 and its 200-day moving average price is $633.47. Spotify Technology has a 52 week low of $438.71 and a 52 week high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, November 4th. The company reported $3.83 earnings per share for the quarter, beating the consensus estimate of $1.87 by $1.96. Spotify Technology had a return on equity of 21.68% and a net margin of 8.46%.The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the prior year, the firm earned $1.45 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, analysts forecast that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spotify Technology

A number of large investors have recently made changes to their positions in the company. Knuff & Co LLC purchased a new position in shares of Spotify Technology in the second quarter worth approximately $27,000. Total Investment Management Inc. bought a new position in Spotify Technology in the second quarter worth approximately $29,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Spotify Technology during the 3rd quarter worth $27,000. Greykasell Wealth Strategies Inc. boosted its stake in shares of Spotify Technology by 3,800.0% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 38 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Spotify Technology during the 3rd quarter valued at $26,000. 84.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Erste Group Bank cut shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Citizens Jmp started coverage on shares of Spotify Technology in a report on Wednesday, December 17th. They issued a “market outperform” rating and a $800.00 target price for the company. DZ Bank upgraded shares of Spotify Technology from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Rosenblatt Securities decreased their price objective on shares of Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group upgraded Spotify Technology from a “neutral” rating to a “buy” rating and cut their target price for the company from $735.00 to $700.00 in a research note on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $727.71.

Key Spotify Technology News

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: MarketBeat deep-dive highlights Spotify’s margin expansion, record free cash flow, successful price hikes, Discovery Mode economics and a Netflix syndication push — a bullish take that supports the view Spotify is becoming a higher‑margin “audio utility” and could justify upside ahead of earnings. The Sound of Money: How Spotify Turned Audio Into Profit Power
• Positive Sentiment: Product update — Spotify added offline lyrics and expanded translation features, improving usability and global engagement (helps retention and time‑in‑app). This is a modest but positive engagement/retention catalyst. Spotify Adds Offline Lyrics and Expands Global Translation Features
• Positive Sentiment: Zacks included SPOT among Internet stocks positioned to beat estimates this earnings season — reinforcing expectations for an earnings beat that could reverse short‑term weakness. 4 Internet Stocks Poised to Top Estimates This Earnings Season
• Neutral Sentiment: Upcoming earnings catalyst — Spotify is set to report next week; Wall Street expects earnings growth. The report is the immediate binary event that investors are pricing in. Spotify (SPOT) Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Periodic user churn anecdotes — a piece about a user abandoning Spotify for a DIY music server highlights niche dissatisfaction among power users; likely limited impact but a reminder of competition and alternative behaviors. I finally fired Spotify and built my own music server for $0 a month

Spotify Technology Company Profile

Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.