Cerity Partners LLC Sells 4,022 Shares of Spotify Technology $SPOT

Cerity Partners LLC cut its holdings in Spotify Technology (NYSE:SPOT) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,499 shares of the company’s stock after selling 4,022 shares during the period. Cerity Partners LLC’s holdings in Spotify Technology were worth $23,382,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Knuff & Co LLC bought a new position in shares of Spotify Technology in the 2nd quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new position in Spotify Technology in the 3rd quarter worth $27,000. Total Investment Management Inc. bought a new stake in Spotify Technology during the second quarter valued at about $29,000. Sound Income Strategies LLC grew its position in shares of Spotify Technology by 156.3% in the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock valued at $31,000 after purchasing an additional 25 shares during the last quarter. Finally, Albion Financial Group UT boosted its stake in Spotify Technology by 80.0% during the 3rd quarter. Albion Financial Group UT now owns 45 shares of the company’s stock valued at $31,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 84.09% of the company’s stock.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify launched social features — “Listening Activity” and “Request to Jam” — designed to boost real-time sharing and collaboration, which could increase user engagement and retention. Spotify Adds ‘Listening Activity’ and ‘Request to Jam’ features: Here’s how they work
• Positive Sentiment: Spotify lowered criteria for video podcast monetization, broadening creator eligibility — this can expand creator supply and ad/subscription monetization opportunities. Spotify lowers criteria for video podcast monetisation. Check eligibility
• Neutral Sentiment: UBS trimmed its price target from $850 to $800 but kept a Buy rating — still implies significant upside, softening the negative impact of the cut. Benzinga
• Neutral Sentiment: Guggenheim reduced its target to $750 (from $800) while maintaining a Buy — another moderation of expectations rather than a downgrade. Benzinga
• Neutral Sentiment: Analyst-coverage summaries show mixed views across firms; useful to watch consensus revisions for guidance on future price moves. Where Spotify Technology Stands With Analysts
• Negative Sentiment: Cantor Fitzgerald cut its price target from $675 to $615 and moved to a Neutral rating — a clear downgrade signal that likely contributed to downward pressure on the stock. Benzinga

Spotify Technology Stock Down 2.6%

Shares of Spotify Technology stock opened at $539.15 on Friday. Spotify Technology has a 12-month low of $451.43 and a 12-month high of $785.00. The stock has a market capitalization of $111.01 billion, a P/E ratio of 84.77, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66. The company has a 50-day simple moving average of $593.15 and a 200 day simple moving average of $660.60.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reduced their price objective on Spotify Technology from $700.00 to $670.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group downgraded Spotify Technology from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $765.00 to $770.00 in a research report on Tuesday, September 30th. Citizens Jmp assumed coverage on Spotify Technology in a report on Wednesday, December 17th. They set a “market outperform” rating and a $800.00 price objective on the stock. Benchmark raised their target price on Spotify Technology from $800.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Spotify Technology in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $754.90.

About Spotify Technology

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.