Opal Capital LLC Makes New Investment in Spotify Technology $SPOT

Opal Capital LLC bought a new position in Spotify Technology (NYSE:SPOT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,700 shares of the company’s stock, valued at approximately $5,189,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in Spotify Technology by 12.9% in the 4th quarter. Principal Financial Group Inc. now owns 645,196 shares of the company’s stock valued at $374,672,000 after acquiring an additional 73,722 shares during the period. City Holding Co. lifted its holdings in shares of Spotify Technology by 2,515.9% during the fourth quarter. City Holding Co. now owns 5,598 shares of the company’s stock worth $3,251,000 after purchasing an additional 5,384 shares during the period. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Spotify Technology during the fourth quarter worth $1,162,000. Robeco Schweiz AG grew its stake in shares of Spotify Technology by 37.6% in the fourth quarter. Robeco Schweiz AG now owns 18,544 shares of the company’s stock worth $10,769,000 after purchasing an additional 5,071 shares during the last quarter. Finally, Sycale Advisors NY LLC grew its stake in shares of Spotify Technology by 89.6% in the fourth quarter. Sycale Advisors NY LLC now owns 36,075 shares of the company’s stock worth $20,949,000 after purchasing an additional 17,050 shares during the last quarter. 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 integration with Snapchat will enable real-time music sharing, potentially increasing song discovery, engagement and traffic to the Spotify platform. Snapchat introduces real-time music sharing through Spotify integration
• Positive Sentiment: A Q2 preview from Seeking Alpha projects strong user growth and argues that Spotify shares are attractive after falling toward the lower end of their 52-week range. The view is supported by Spotify’s solid Q1 performance, including earnings that exceeded expectations, although Q2 guidance was weaker than anticipated. Spotify Q2 Preview: Expecting Strong User Growth, Shares Attractive
• Positive Sentiment: KeyCorp maintained its Overweight rating and $680 price target, implying substantial potential upside from recent trading levels despite trimming its forecasts.
• Neutral Sentiment: Spotify’s Q2 earnings release is approaching, with consensus expectations calling for approximately $3.78 to $3.41 per share depending on the estimate set. Investors are likely focused on subscriber additions, advertising trends, margins and management’s outlook. Analysts note that Spotify lacks the typical combination of positive earnings revisions and a strong earnings-surprise trend that would signal a likely beat. Spotify Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: KeyCorp lowered its EPS estimates for Q2 2026 to $3.78, Q3 to $4.03, Q4 to $4.92, FY2026 to $16.64 and FY2027 to $21.61. The cuts suggest more cautious expectations for Spotify’s near-term earnings momentum, even though the firm retained its bullish rating and target price.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings lowered Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. KeyCorp reduced their price target on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Barclays increased their price target on Spotify Technology from $500.00 to $565.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. UBS Group lowered their price objective on Spotify Technology from $735.00 to $690.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Finally, Morgan Stanley lifted their price objective on Spotify Technology from $590.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $630.70.

Spotify Technology Stock Up 3.5%

NYSE:SPOT opened at $512.11 on Wednesday. Spotify Technology has a twelve month low of $405.00 and a twelve month high of $748.30. The company has a fifty day moving average of $484.06 and a 200-day moving average of $486.68. The firm has a market capitalization of $105.43 billion, a P/E ratio of 40.81, a P/E/G ratio of 1.23 and a beta of 1.56.

Spotify Technology (NYSE:SPOT) last issued its earnings results on Tuesday, April 28th. The company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.63. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.23 billion. Spotify Technology had a net margin of 15.56% and a return on equity of 35.73%. Spotify Technology’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, analysts anticipate that Spotify Technology will post 14.46 EPS for the current fiscal year.

Insider Transactions at Spotify Technology

In other news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $478.45, for a total transaction of $9,967,548.85. Following the transaction, the chief executive officer owned 20,259 shares in the company, valued at approximately $9,692,918.55. This represents a 50.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norstrom sold 5,436 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $480.86, for a total transaction of $2,613,954.96. Following the transaction, the chief executive officer owned 67,582 shares in the company, valued at $32,497,480.52. This represents a 7.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 111,442 shares of company stock valued at $54,757,553. 0.40% of the stock is owned by insiders.

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.