Spotify Technology (NYSE:SPOT) Raised to “Buy” at Wall Street Zen

Spotify Technology (NYSE:SPOT) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

SPOT has been the subject of several other reports. Daiwa Securities Group assumed coverage on Spotify Technology in a research report on Thursday, March 26th. They set an “outperform” rating and a $535.00 price target for the company. Canaccord Genuity Group lowered their price target on Spotify Technology from $750.00 to $720.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Morgan Stanley raised their price target on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. KeyCorp lowered their price target on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Citizens Jmp raised their price target on Spotify Technology from $600.00 to $625.00 and gave the stock a “market outperform” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $655.92.

Spotify Technology Stock Down 3.9%

SPOT stock opened at $496.41 on Friday. The business has a fifty day moving average of $479.44 and a two-hundred day moving average of $519.98. The stock has a market cap of $102.20 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The business had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the business posted $1.07 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Spotify Technology will post 14.72 EPS for the current year.

Insider Transactions at Spotify Technology

In related news, Director Christopher P. Marshall sold 2,650 shares of Spotify Technology stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $519.86, for a total value of $1,377,629.00. Following the completion of the transaction, the director directly owned 4,039 shares in the company, valued at approximately $2,099,714.54. This trade represents a 39.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of Spotify Technology stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the transaction, the chief executive officer owned 69,989 shares of the company’s stock, valued at approximately $33,560,425.39. This trade represents a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,609 shares of company stock valued at $44,303,507 in the last 90 days. Insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA raised its stake in Spotify Technology by 21.4% in the first quarter. Glenmede Trust Co. NA now owns 67,213 shares of the company’s stock valued at $32,592,000 after buying an additional 11,854 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Spotify Technology in the 1st quarter valued at about $466,000. Western Wealth Management LLC acquired a new position in Spotify Technology in the 1st quarter valued at about $187,000. Hamilton Wealth LLC increased its position in Spotify Technology by 100.0% in the 1st quarter. Hamilton Wealth LLC now owns 1,568 shares of the company’s stock valued at $760,000 after acquiring an additional 784 shares during the period. Finally, Janus Henderson Group PLC increased its position in Spotify Technology by 20.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock valued at $829,641,000 after acquiring an additional 286,844 shares during the period. 84.09% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify’s new paid AI remix and cover tools, developed with Universal Music Group, could create a fresh revenue stream while keeping artists involved through revenue sharing. Article: Spotify, UMG Deal Sets Up Paid AI Music Remix Tool
• Positive Sentiment: The company is also expanding its platform with “Reserved by Spotify” concert-ticket access and narrated long-form audio, which could deepen user engagement and improve Premium subscriber value. Article: Spotify Tests Superfan Tickets And Narrated Articles To Deepen Engagement
• Positive Sentiment: Recent commentary highlighted that Spotify’s broader AI and audio expansion strategy is helping investors view the company as more than just a music streamer. Article: Why Spotify Technology (SPOT) Is Up 5.5% After Launching Paid AI Remixes And Superfan Tools
• Neutral Sentiment: Analysts remain generally constructive, but recent price-target changes and mixed ratings suggest the market is still weighing execution risk against long-term growth potential. Article: Spotify Technology S.A. (SPOT) Gains Attention Following AI Remix Collaboration With Universal Music Group
• Negative Sentiment: Recent insider sales by directors, including Thomas Staggs and Christopher Marshall, may pressure sentiment because investors often view heavy insider selling cautiously. SEC filing for insider sale SEC filing for insider sale
• Negative Sentiment: A shareholder law firm is investigating potential securities-law issues at Spotify, adding a legal overhang for the stock. Article: SPOT Investors Have Opportunity to Join Spotify Technology S.A. Fraud Investigation

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.