Azzad Asset Management Inc. ADV Buys New Shares in Spotify Technology $SPOT

Azzad Asset Management Inc. ADV purchased a new stake in Spotify Technology (NYSE:SPOT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,009 shares of the company’s stock, valued at approximately $2,798,000.

Several other hedge funds also recently made changes to their positions in the company. Knuff & Co LLC purchased a new stake in shares of Spotify Technology during the 2nd quarter valued at $27,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Spotify Technology in the third quarter valued at about $27,000. Greykasell Wealth Strategies Inc. increased its holdings in Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after buying an additional 38 shares during the period. Total Investment Management Inc. purchased a new position in Spotify Technology during the 2nd quarter worth approximately $29,000. Finally, Westfuller Advisors LLC acquired a new stake in Spotify Technology during the 3rd quarter valued at approximately $29,000. 84.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPOT. Wells Fargo & Company lowered their target price on Spotify Technology from $750.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. 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. Pivotal Research cut their price target on Spotify Technology from $900.00 to $875.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Guggenheim lowered their price target on Spotify Technology from $800.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein cut their price objective on Spotify Technology from $830.00 to $650.00 and set an “outperform” rating for the company in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $727.71.

Spotify Technology Price Performance

Shares of SPOT stock opened at $422.57 on Monday. The company has a market cap of $87.00 billion, a P/E ratio of 66.44, a P/E/G ratio of 0.81 and a beta of 1.66. The firm has a 50-day moving average of $544.79 and a 200-day moving average of $627.98. Spotify Technology has a one year low of $405.00 and a one year high of $785.00.

Key Spotify Technology News

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

• Positive Sentiment: Citi upgraded SPOT to Buy, citing accelerating price increases and faster buybacks as tangible catalysts for upside and better valuation support. Citi upgrades Spotify (SPOT) To Buy
• Positive Sentiment: Spotify announced a partnership with Bookshop.org to sell physical books through the app — a new commerce revenue channel that expands monetization beyond streaming and audiobooks. Spotify to let users buy physical books on app
• Positive Sentiment: Feature upgrades — global lyric translations, offline lyrics and “Page Match” for switching between book and audiobook reading — boost engagement and cross‑sell potential in Spotify’s content ecosystem. Product momentum supports long‑term ARPU upside if adoption scales. Spotify makes lyrics smarter
• Neutral Sentiment: Wall Street is parsing key Q4 metrics (user growth, average revenue per user, ad revenue) ahead of the earnings release — estimates guide expectations but outcomes remain binary around the print. Gear Up for Spotify Q4 Earnings
• Neutral Sentiment: Recent market weakness hit many richly valued names, dragging SPOT lower at times — a reminder that macro/momentum flows can move the stock independent of company fundamentals. Spotify Fell Along with Highly Valued Stocks
• Negative Sentiment: Zacks warns that despite expected Q4 EPS of ~$2.95 and ~14% revenue growth, Spotify’s history of earnings surprises and a comparatively rich valuation could temper upside if the quarter disappoints. Upcoming results are a key near‑term risk. Pre-Q4 Earnings: Should Spotify Stock be in Your Portfolio?

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.