Clifford Group LLC Makes New Investment in Spotify Technology $SPOT

Clifford Group LLC bought a new position in shares of Spotify Technology (NYSE:SPOT) during the first quarter, HoldingsChannel.com reports. The firm bought 400 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SPOT. QRG Capital Management Inc. raised its holdings in Spotify Technology by 36.3% in the first quarter. QRG Capital Management Inc. now owns 710 shares of the company’s stock valued at $391,000 after acquiring an additional 189 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Spotify Technology by 38.1% in the 1st quarter. GAMMA Investing LLC now owns 1,305 shares of the company’s stock valued at $718,000 after purchasing an additional 360 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Spotify Technology by 16.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,543 shares of the company’s stock valued at $4,699,000 after purchasing an additional 1,179 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Spotify Technology by 30.7% in the 1st quarter. Fifth Third Bancorp now owns 302 shares of the company’s stock valued at $166,000 after purchasing an additional 71 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Spotify Technology by 238.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,441 shares of the company’s stock worth $13,993,000 after purchasing an additional 17,932 shares during the last quarter. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology Trading Up 1.1%

Spotify Technology stock opened at $697.04 on Thursday. The stock has a 50 day moving average of $698.53 and a two-hundred day moving average of $644.75. Spotify Technology has a twelve month low of $319.07 and a twelve month high of $785.00. The stock has a market capitalization of $142.69 billion, a price-to-earnings ratio of 169.18, a PEG ratio of 2.93 and a beta of 1.71.

Spotify Technology (NYSE:SPOT) last announced its quarterly earnings data 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 net margin of 4.76% and a return on equity of 13.67%. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Equities analysts predict that Spotify Technology will post 10.3 earnings per share for the current year.

Analysts Set New Price Targets

SPOT has been the topic of several recent analyst reports. DZ Bank raised Spotify Technology from a “sell” rating to a “hold” rating and set a $652.00 target price on the stock in a report on Wednesday, July 30th. Evercore ISI upped their price objective on Spotify Technology from $650.00 to $750.00 and gave the stock an “outperform” rating in a research report on Monday, June 16th. Pivotal Research increased their price objective on Spotify Technology from $800.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, June 17th. Phillip Securities upgraded Spotify Technology from a “moderate sell” rating to a “hold” rating in a research note on Monday, August 4th. Finally, Cantor Fitzgerald upped their price target on Spotify Technology from $610.00 to $640.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. Twenty research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spotify Technology currently has a consensus rating of “Moderate Buy” and an average target price of $720.07.

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.