Venturi Wealth Management LLC Sells 103 Shares of Spotify Technology $SPOT

Venturi Wealth Management LLC cut its stake in shares of Spotify Technology (NYSE:SPOT) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,798 shares of the company’s stock after selling 103 shares during the quarter. Venturi Wealth Management LLC’s holdings in Spotify Technology were worth $1,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPOT. Joel Isaacson & Co. LLC increased its holdings in Spotify Technology by 1.0% during the second quarter. Joel Isaacson & Co. LLC now owns 1,551 shares of the company’s stock worth $1,190,000 after buying an additional 15 shares during the last quarter. Hartford Investment Management Co. increased its holdings in Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock worth $797,000 after buying an additional 16 shares during the last quarter. Stonekeep Investments LLC increased its holdings in Spotify Technology by 2.1% during the second quarter. Stonekeep Investments LLC now owns 773 shares of the company’s stock worth $593,000 after buying an additional 16 shares during the last quarter. Moody National Bank Trust Division increased its holdings in Spotify Technology by 0.5% during the second quarter. Moody National Bank Trust Division now owns 2,931 shares of the company’s stock worth $2,249,000 after buying an additional 16 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in Spotify Technology by 3.7% during the first quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company’s stock worth $262,000 after buying an additional 17 shares during the last quarter. 84.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SPOT shares. Oppenheimer raised their price objective on shares of Spotify Technology from $750.00 to $825.00 and gave the stock an “outperform” rating in a report on Monday, August 18th. Bank of America lifted their target price on shares of Spotify Technology from $700.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, June 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Spotify Technology in a research note on Wednesday. UBS Group reduced their target price on shares of Spotify Technology from $895.00 to $850.00 and set a “buy” rating for the company in a research note on Wednesday, July 30th. Finally, Guggenheim reiterated a “buy” rating and issued a $850.00 target price on shares of Spotify Technology in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $731.16.

Spotify Technology Trading Down 0.8%

SPOT stock opened at $674.91 on Thursday. The firm has a 50 day moving average of $697.12 and a 200-day moving average of $666.06. Spotify Technology has a 12 month low of $364.26 and a 12 month high of $785.00. The firm has a market capitalization of $138.16 billion, a P/E ratio of 163.81, a price-to-earnings-growth ratio of 3.22 and a beta of 1.67.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $4.29 billion. During the same quarter last year, the business posted $1.33 earnings per share. Spotify Technology’s revenue was up 10.1% compared to the same quarter last year. Spotify Technology has set its Q3 2025 guidance at EPS. Sell-side analysts predict 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.