Bouvel Investment Partners LLC Purchases 11,758 Shares of Spotify Technology $SPOT

Bouvel Investment Partners LLC bought a new position in Spotify Technology (NYSE:SPOT) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 11,758 shares of the company’s stock, valued at approximately $5,731,000.

A number of other hedge funds also recently made changes to their positions in SPOT. Sax Wealth Advisors LLC bought a new stake in Spotify Technology during the 3rd quarter valued at approximately $587,000. NorthCrest Asset Manangement LLC bought a new position in Spotify Technology during the 3rd quarter valued at about $588,000. Avior Wealth Management LLC purchased a new stake in shares of Spotify Technology in the third quarter worth approximately $215,000. JGP Wealth Management LLC bought a new stake in shares of Spotify Technology during the 3rd quarter worth approximately $241,000. Finally, Kaizen Financial Strategies bought a new stake in shares of Spotify Technology during the third quarter worth $203,000. 84.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPOT has been the topic of several research reports. Piper Sandler started coverage on Spotify Technology in a report on Thursday, October 8th. They set a “neutral” rating and a $540.00 price objective on the stock. Cantor Fitzgerald dropped their target price on Spotify Technology from $530.00 to $490.00 and set a “neutral” rating on the stock in a research report on Monday. Rosenblatt Securities decreased their price objective on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of Spotify Technology from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $610.25.

Spotify Technology Trading Down 0.2%

NYSE:SPOT traded down $0.80 during trading hours on Tuesday, hitting $528.00. 1,252,400 shares of the stock were exchanged, compared to its average volume of 2,206,249. The firm’s fifty day moving average price is $518.49 and its 200 day moving average price is $494.22. The company has a market cap of $108.70 billion, a P/E ratio of 32.88, a P/E/G ratio of 1.62 and a beta of 1.61. Spotify Technology has a 52-week low of $405.00 and a 52-week high of $700.12.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.42) EPS. Equities analysts expect that Spotify Technology will post 13.81 EPS for the current fiscal year.

Key Spotify Technology News

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

• Positive Sentiment: Easier Siri integration could improve engagement. Spotify users on Apple devices running iOS 27 can now ask Siri to play Spotify content without saying “on Spotify.” The streamlined voice experience may reduce friction and help Spotify compete more effectively for listening time. Spotify users on iOS 27 can now ask Siri to play music without having to say on Spotify
• Positive Sentiment: New commercial software effort may create an additional growth avenue. Spotify is reportedly launching “Spotify Technology” to sell internal software tools to other companies, positioning its technology organization as an external research-and-development platform. Revenue potential remains unproven, but the initiative could diversify the company beyond subscriptions and advertising. Spotify launches Spotify Technology to sell its internal software tools to other companies
• Positive Sentiment: Content and audiobook expansion support the long-term story. Spotify renewed its multiyear agreement with Joe Rogan, while its audiobook service is planned to expand from 22 markets to more than 180 by the end of 2026. These initiatives could strengthen retention, increase user engagement and broaden monetization opportunities, although licensing and expansion costs remain considerations. Spotify Won’t Let Go of Joe Rogan
• Neutral Sentiment: Valuation remains dependent on continued cash-flow growth. Commentary highlighting Spotify’s substantial multiyear share-price gains suggests investors are increasingly focused on whether new content deals and product lines can justify the company’s valuation and support future cash generation. Spotify Stock Looks Discounted As Its Run Continues
• Negative Sentiment: Analyst revisions are weighing on sentiment. Erste Group Bank reduced its Spotify earnings forecasts to $13.71 per share for fiscal 2026 from $14.07 and to $17.16 for fiscal 2027 from $17.52. Cantor Fitzgerald also cut its price target from $530 to $490 and maintained a neutral rating, implying downside from recent trading levels. Spotify Technology Price Target Cut by Cantor Fitzgerald

Insiders Place Their Bets

In related news, CEO Alex Norström sold 5,436 shares of Spotify Technology stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total value of $2,729,415.60. Following the completion of the transaction, the chief executive officer owned 66,773 shares in the company, valued at approximately $33,526,723.30. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gustav Söderström sold 20,913 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $544.19, for a total value of $11,380,645.47. Following the sale, the chief executive officer directly owned 20,025 shares in the company, valued at $10,897,404.75. This represents a 51.08% 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. Insiders sold 47,182 shares of company stock worth $24,677,392 in the last 90 days. Company insiders own 0.40% of the company’s stock.

About Spotify Technology

Spotify Technology SA is a global audio streaming company that operates the Spotify platform. The service provides users with access to a broad catalog of music, podcasts and audiobooks, along with personalized recommendations, playlists and other discovery features.

Spotify offers a subscription-based Premium service with enhanced listening features, as well as an ad-supported service available at no direct cost to users. The company generates revenue primarily through Premium subscriptions and advertising, including audio, video and display advertising delivered across its platform.

Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify is headquartered in Stockholm, Sweden, and serves listeners, creators, advertisers and other partners across markets worldwide.