Spotify Technology (NYSE:SPOT) Downgraded to Hold Rating by Wall Street Zen

Spotify Technology (NYSE:SPOT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

SPOT has been the subject of a number of other reports. Rosenblatt Securities upped their price objective on Spotify Technology from $500.00 to $534.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Pivotal Research lowered their target price on Spotify Technology from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Wednesday, April 29th. Arete Research raised Spotify Technology from a “neutral” rating to a “buy” rating and set a $586.00 price target for the company in a research report on Thursday, February 26th. JPMorgan Chase & Co. increased their target price on Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Guggenheim decreased their target price on Spotify Technology from $600.00 to $565.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average price target of $655.92.

Spotify Technology Stock Down 1.1%

Spotify Technology stock opened at $480.77 on Friday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $785.00. The business has a 50-day simple moving average of $482.76 and a 200 day simple moving average of $510.88. The stock has a market cap of $98.98 billion, a price-to-earnings ratio of 38.31, a PEG ratio of 1.19 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last posted its 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 analysts’ expectations of $5.23 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The firm’s revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that Spotify Technology will post 14.71 earnings per share for the current year.

Insider Buying and Selling

In other Spotify Technology news, Director Sven Hans Martin Lorentzon sold 35,380 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $525.73, for a total transaction of $18,600,327.40. Following the sale, the director directly owned 6,383 shares in the company, valued at approximately $3,355,734.59. This trade represents a 84.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas O. Staggs sold 5,477 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $526.00, for a total value of $2,880,902.00. Following the sale, the director owned 3,619 shares in the company, valued at approximately $1,903,594. This represents a 60.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 111,442 shares of company stock worth $54,647,508 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Several institutional investors have recently added to or reduced their stakes in SPOT. KERR FINANCIAL PLANNING Corp purchased a new stake in Spotify Technology during the 3rd quarter valued at $26,000. Portus Wealth Advisors LLC purchased a new stake in Spotify Technology during the 1st quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new stake in Spotify Technology during the 4th quarter valued at $32,000. Whipplewood Advisors LLC boosted its stake in Spotify Technology by 423.1% during the 1st quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. Finally, Palladiem LLC purchased a new stake in Spotify Technology during the 1st quarter valued at $34,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Spotify Technology News Summary

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

• Positive Sentiment: Spotify’s Investor Day emphasized long-term growth targets focused on increasing subscriber conversion and strengthening its broader brand and AI-driven strategy, which investors viewed favorably. Spotify’s “North Star” Outlook Was Music to Investors Ears
• Positive Sentiment: Spotify also brought in a new head of PR and communications, signaling a stronger focus on reputation management and clearer messaging as it expands its content and AI initiatives. Will Spotify (SPOT) Elevate Its Brand Narrative As AI Strategy Deepens Under New PR Leadership?
• Neutral Sentiment: Spotify reversed its iPhone app icon change after user backlash, a small brand-related issue that is unlikely to materially affect fundamentals. Spotify reverts iPhone app icon to original after disco-ball backlash
• Negative Sentiment: Several analysts trimmed earnings estimates slightly, including Erste Group Bank lowering FY2026 and FY2027 EPS forecasts, which adds a modest headwind to sentiment. Spotify Technology (SPOT) analyst estimate updates
• Negative Sentiment: Recent trading has also reflected broader weakness, with SPOT sliding in the latest sessions even as the market rose, suggesting investors are still cautious after a strong run. Spotify (SPOT) Stock Slides as Market Rises: Facts to Know Before You Trade

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.