Compound Planning Inc. Purchases 163 Shares of Spotify Technology $SPOT

Compound Planning Inc. raised its position in shares of Spotify Technology (NYSE:SPOT) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,938 shares of the company’s stock after acquiring an additional 163 shares during the quarter. Compound Planning Inc.’s holdings in Spotify Technology were worth $1,066,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Hartford Investment Management Co. raised its holdings in shares of Spotify Technology by 1.1% during the first quarter. Hartford Investment Management Co. now owns 1,449 shares of the company’s stock valued at $797,000 after purchasing an additional 16 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of Spotify Technology by 3.7% during the first quarter. Citizens Financial Group Inc. RI now owns 477 shares of the company’s stock valued at $262,000 after purchasing an additional 17 shares during the period. HM Payson & Co. raised its holdings in shares of Spotify Technology by 39.1% during the first quarter. HM Payson & Co. now owns 64 shares of the company’s stock valued at $35,000 after purchasing an additional 18 shares during the period. Adero Partners LLC raised its holdings in shares of Spotify Technology by 0.7% during the first quarter. Adero Partners LLC now owns 2,635 shares of the company’s stock valued at $1,449,000 after purchasing an additional 19 shares during the period. Finally, North Star Investment Management Corp. raised its holdings 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 valued at $30,000 after purchasing an additional 19 shares during the period. Institutional investors own 84.09% of the company’s stock.

Spotify Technology Price Performance

SPOT opened at $692.6780 on Friday. Spotify Technology has a fifty-two week low of $319.07 and a fifty-two week high of $785.00. The firm has a market capitalization of $141.80 billion, a PE ratio of 168.13, a P/E/G ratio of 2.98 and a beta of 1.69. The company’s 50-day moving average is $703.72 and its 200 day moving average is $641.66.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPOT shares. KeyCorp dropped their price objective on shares of Spotify Technology from $860.00 to $830.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Rosenblatt Securities dropped their price objective on shares of Spotify Technology from $703.00 to $679.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Guggenheim upped their price objective on shares of Spotify Technology from $800.00 to $850.00 and gave the company a “buy” rating in a report on Monday, August 18th. Phillip Securities upgraded shares of Spotify Technology from a “moderate sell” rating to a “hold” rating in a report on Monday, August 4th. Finally, DZ Bank upgraded shares of 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. Twenty investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Spotify Technology has an average rating of “Moderate Buy” and an average price target of $720.07.

About Spotify Technology

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.