Rosenblatt Securities Cuts Spotify Technology (NYSE:SPOT) Price Target to $527.00

Spotify Technology (NYSE:SPOT) had its price target decreased by equities research analysts at Rosenblatt Securities from $531.00 to $527.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 9.11% from the company’s current price.

Several other research firms have also issued reports on SPOT. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays lifted their price objective on Spotify Technology from $500.00 to $565.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Weiss Ratings lowered Spotify Technology from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Morgan Stanley increased their target price on Spotify Technology from $590.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Benchmark reduced their price target on Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Spotify Technology presently has an average rating of “Moderate Buy” and an average target price of $629.55.

Spotify Technology Stock Performance

SPOT stock opened at $483.00 on Wednesday. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $748.30. The firm’s fifty day moving average is $484.53 and its 200 day moving average is $485.46. The firm has a market cap of $99.44 billion, a P/E ratio of 38.49, a P/E/G ratio of 1.21 and a beta of 1.58.

Insiders Place Their Bets

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $478.45, for a total value of $9,967,548.85. Following the sale, the chief executive officer owned 20,259 shares of the company’s stock, valued at $9,692,918.55. This trade represents a 50.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 business’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 completion of the transaction, the chief executive officer owned 67,582 shares in the company, valued at $32,497,480.52. The trade was a 7.44% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 90,609 shares of company stock worth $45,784,363. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Spotify Technology

A number of hedge funds have recently made changes to their positions in SPOT. Portus Wealth Advisors LLC bought a new position in Spotify Technology during the 1st quarter valued at approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in Spotify Technology in the fourth quarter worth $32,000. Whipplewood Advisors LLC grew its stake in shares of Spotify Technology by 423.1% in the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the last quarter. Palladiem LLC purchased a new stake in shares of Spotify Technology in the first quarter worth $34,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Spotify Technology during the fourth quarter valued at $35,000. 84.09% of the stock is owned by institutional investors.

Key Stories Impacting Spotify Technology

Here are the key news stories impacting Spotify Technology this week:

• Positive Sentiment: Spotify surpassed 300 million Premium subscribers for the first time, while monthly active users rose 12% year over year to 777 million. The milestone reinforces the company’s scale and supports its long-term pricing, advertising and engagement opportunities. Spotify now has over 300M subscribers
• Positive Sentiment: Second-quarter revenue increased approximately 14% year over year to €4.78 billion, and Spotify swung from a year-earlier loss to roughly €545 million in net income. The company also reported record gross-margin performance, highlighting operating leverage as the business expands. Spotify tops 300 million premium subscribers as profit surges
• Positive Sentiment: Spotify expanded its planned AI-powered remix and cover product through a licensing agreement with Merlin, which represents more than 30,000 independent labels and distributors. The opt-in model is intended to provide artist credit and compensation while creating a potential new paid feature. Spotify adds Merlin to its AI music remix and covers effort
• Neutral Sentiment: Management issued a strong third-quarter revenue outlook of about €5.00 billion, with projected operating income of approximately €670 million and gross margin of 32.9%. However, the guidance also calls for 788 million monthly active users, implying slower growth than the latest quarter.
• Negative Sentiment: Second-quarter earnings per share came in below analyst expectations, and revenue was slightly under consensus. The shortfall overshadowed the subscriber milestone and raised concerns that Spotify’s higher marketing investment and spending on AI features could pressure near-term profitability. Spotify forecasts weak profit as user growth slows
• Negative Sentiment: User growth is slowing in Spotify’s key North American and European markets, while the third-quarter profit forecast fell below Wall Street expectations. That outlook, rather than subscriber totals alone, appears to be driving the negative investor reaction. Spotify Stock Falls After Music Streamer Misses Earnings Goal

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.