Canopy Partners LLC Makes New $219,000 Investment in Spotify Technology $SPOT

Canopy Partners LLC purchased a new position in shares of Spotify Technology (NYSE:SPOT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 285 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors also recently bought and sold shares of the company. Sapient Capital LLC purchased a new stake in Spotify Technology during the 2nd quarter worth about $322,000. Swedbank AB lifted its holdings in Spotify Technology by 1.4% during the 1st quarter. Swedbank AB now owns 959,587 shares of the company’s stock worth $527,802,000 after buying an additional 13,458 shares during the last quarter. Legacy Capital Group California Inc. lifted its holdings in Spotify Technology by 110.9% during the 2nd quarter. Legacy Capital Group California Inc. now owns 3,896 shares of the company’s stock worth $2,990,000 after buying an additional 2,049 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Spotify Technology by 36.0% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,054 shares of the company’s stock valued at $1,576,000 after purchasing an additional 544 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Spotify Technology by 39.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,702 shares of the company’s stock valued at $1,486,000 after purchasing an additional 769 shares during the last quarter. 84.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Phillip Securities raised Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Morgan Stanley reduced their target price on Spotify Technology from $850.00 to $800.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Spotify Technology from $700.00 to $775.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Citigroup boosted their target price on Spotify Technology from $715.00 to $750.00 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Finally, Barclays reduced their target price on Spotify Technology from $800.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $731.16.

Spotify Technology Stock Down 0.1%

Shares of SPOT stock opened at $679.89 on Wednesday. The stock’s 50-day moving average price is $696.61 and its 200 day moving average price is $666.00. Spotify Technology has a 52-week low of $364.26 and a 52-week high of $785.00. The stock has a market capitalization of $139.18 billion, a PE ratio of 165.02, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, July 29th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($2.42). Spotify Technology had a return on equity of 13.67% and a net margin of 4.76%.The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Spotify Technology has set its Q3 2025 guidance at EPS. Analysts expect that Spotify Technology will post 10.3 earnings per share for the current fiscal year.

Spotify Technology Company Profile

Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.