Pivotal Research Cuts Spotify Technology (NYSE:SPOT) Price Target to $400.00

Spotify Technology (NYSE:SPOT) had its target price decreased by Pivotal Research from $420.00 to $400.00 in a research note released on Wednesday morning, Marketbeat reports. Pivotal Research currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $735.00 to $700.00 in a research note on Friday, January 23rd. Guggenheim decreased their price target on shares of Spotify Technology from $720.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Citigroup raised shares of Spotify Technology from a “neutral” rating to a “buy” rating and set a $650.00 target price on the stock in a research note on Friday, January 30th. Cantor Fitzgerald reduced their target price on shares of Spotify Technology from $615.00 to $525.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Finally, Weiss Ratings downgraded shares of Spotify Technology from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $645.77.

Spotify Technology Stock Performance

Shares of NYSE:SPOT traded down $4.71 during midday trading on Wednesday, hitting $441.84. The company’s stock had a trading volume of 1,435,800 shares, compared to its average volume of 2,012,592. The business’s 50 day simple moving average is $499.80 and its 200 day simple moving average is $547.02. The company has a market cap of $90.97 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.56. Spotify Technology has a 12-month low of $405.00 and a 12-month high of $785.00.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.63. The firm had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.07 earnings per share. On average, sell-side analysts predict that Spotify Technology will post 14.64 earnings per share for the current fiscal year.

Insider Transactions at Spotify Technology

In other news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $473.52, for a total value of $9,864,842.16. Following the sale, the chief executive officer directly owned 20,609 shares of the company’s stock, valued at approximately $9,758,773.68. The trade was a 50.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total transaction of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares in the company, valued at $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Spotify Technology

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of Spotify Technology by 31.4% in the 1st quarter. International Assets Investment Management LLC now owns 962 shares of the company’s stock valued at $452,000 after acquiring an additional 230 shares during the period. Anchor Investment Management LLC raised its stake in shares of Spotify Technology by 7.3% in the 1st quarter. Anchor Investment Management LLC now owns 2,054 shares of the company’s stock valued at $996,000 after acquiring an additional 139 shares during the period. Diversify Wealth Management LLC raised its stake in shares of Spotify Technology by 387.9% in the 1st quarter. Diversify Wealth Management LLC now owns 2,064 shares of the company’s stock valued at $916,000 after acquiring an additional 1,641 shares during the period. Gables Capital Management Inc. raised its stake in shares of Spotify Technology by 65.8% in the 1st quarter. Gables Capital Management Inc. now owns 2,368 shares of the company’s stock valued at $1,148,000 after acquiring an additional 940 shares during the period. Finally, Carnegie Investment Counsel raised its stake in shares of Spotify Technology by 321.6% in the 1st quarter. Carnegie Investment Counsel now owns 3,339 shares of the company’s stock valued at $1,619,000 after acquiring an additional 2,547 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Product actions to protect listener trust — Spotify is rolling out a “Verified”/“Verified by Spotify” artist badge and other features to clamp down on AI-generated impostor artists, which could preserve user trust and ad/retention metrics. Spotify introduces verified artist badges to help distinguish humans from AI
• Positive Sentiment: Monetization lift from pricing — Spotify said it will raise monthly Premium prices by €1–€3 in some markets, a near-term revenue tailwind that can help offset slower user-growth trends. Spotify to hike all monthly premium plans by €1 to €3
• Positive Sentiment: Stake sale / buyback support — Universal Music’s move to sell half its Spotify stake and ramp buybacks could tighten float or lead to buyback activity that supports the share price. Universal Music to sell half of Spotify stake, boosts buybacks
• Positive Sentiment: Some analysts still bullish — Canaccord and a few other firms maintained high price targets (e.g., $720), signaling continued conviction in Spotify’s long-term story despite near-term headwinds. Spotify Technology (NYSE:SPOT) Given New $720.00 Price Target at Canaccord Genuity Group
• Neutral Sentiment: Trimmed-but-positive ratings — UBS cut its price target (from $760 to $735) but kept a Buy view, reflecting reduced upside expectations while still supporting a constructive medium-term thesis. UBS trims Spotify price target
• Neutral Sentiment: Valuation/entry debate — Several market pieces are assessing whether the recent pullback creates a buying opportunity or simply prices in slower growth; this keeps investor sentiment mixed until guidance clarity. Is Spotify (SPOT) Offering A Chance After The Recent 13% Share Price Slide?
• Negative Sentiment: Broad analyst downgrades and target cuts — Multiple firms (JPMorgan, Goldman Sachs, Wells Fargo, Barclays, Pivotal Research, Guggenheim and others) lowered expectations or price targets after the quarter, increasing selling pressure. Spotify Technology (NYSE:SPOT) Price Target Cut to $600.00 by Analysts at JPMorgan Chase & Co.
• Negative Sentiment: Earnings pain points: growth and ad revenue — Investors reacted to Q1 results where premium-subscriber growth slowed and ad-revenue trends disappointed, triggering the recent sizable weekly selloff. Why Spotify Stock Plummeted This Week

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.