USA Financial Formulas Sells 190 Shares of Spotify Technology $SPOT

USA Financial Formulas lowered its position in Spotify Technology (NYSE:SPOT) by 36.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338 shares of the company’s stock after selling 190 shares during the period. USA Financial Formulas’ holdings in Spotify Technology were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Tsfg LLC bought a new stake in Spotify Technology in the first quarter worth about $28,000. Cornerstone Planning Group LLC lifted its stake in Spotify Technology by 512.5% in the first quarter. Cornerstone Planning Group LLC now owns 49 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Spotify Technology by 52.8% during the first quarter. North Star Investment Management Corp. now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the period. Sound Income Strategies LLC increased its position in shares of Spotify Technology by 156.3% during the second quarter. Sound Income Strategies LLC now owns 41 shares of the company’s stock worth $31,000 after acquiring an additional 25 shares during the period. Finally, Truvestments Capital LLC purchased a new position in shares of Spotify Technology during the first quarter worth approximately $34,000. Institutional investors own 84.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on SPOT. Pivotal Research raised their target price on shares of Spotify Technology from $800.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Morgan Stanley reduced their target price on shares of Spotify Technology from $850.00 to $800.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Canaccord Genuity Group raised their target price on shares of Spotify Technology from $775.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Sanford C. Bernstein raised their target price on shares of Spotify Technology from $825.00 to $840.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 8th. Finally, Phillip Securities raised shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Stock Up 1.0%

Shares of SPOT opened at $707.70 on Friday. The company has a market cap of $144.87 billion, a price-to-earnings ratio of 171.77, a price-to-earnings-growth ratio of 3.32 and a beta of 1.67. Spotify Technology has a twelve month low of $362.31 and a twelve month high of $785.00. The company has a 50 day moving average of $696.08 and a two-hundred day moving average of $663.52.

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