Spotify Technology (NYSE:SPOT) Price Target Lowered to $400.00 at Pivotal Research

Spotify Technology (NYSE:SPOT) had its price objective reduced by stock analysts at Pivotal Research from $420.00 to $400.00 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Pivotal Research’s price target would indicate a potential downside of 8.43% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Wells Fargo & Company reduced their price target on Spotify Technology from $650.00 to $640.00 and set an “overweight” rating for the company in a research report on Monday, April 13th. Barclays dropped their price objective on Spotify Technology from $650.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. KeyCorp cut their target price on Spotify Technology from $745.00 to $680.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley began coverage on Spotify Technology in a report on Monday, April 13th. They set an “overweight” rating and a $630.00 target price for the company. Finally, Rosenblatt Securities lowered their price target on shares of Spotify Technology from $670.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $683.04.

Spotify Technology Stock Up 0.6%

SPOT traded up $2.60 on Wednesday, hitting $436.80. The company’s stock had a trading volume of 276,151 shares, compared to its average volume of 2,666,076. The company’s 50 day simple moving average is $501.23 and its 200-day simple moving average is $548.45. The firm has a market cap of $89.93 billion, a P/E ratio of 45.13, a price-to-earnings-growth ratio of 1.08 and a beta of 1.70. Spotify Technology has a 12 month low of $405.00 and a 12 month high of $785.00.

Spotify Technology (NYSE:SPOT) last released its quarterly earnings data on Wednesday, February 11th. The company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $2.00. Spotify Technology had a net margin of 13.16% and a return on equity of 31.35%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business earned $1.88 EPS. Spotify Technology’s revenue was up 6.8% compared to the same quarter last year. Equities analysts predict that Spotify Technology will post 15.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Spotify Technology

In other Spotify Technology news, CEO Gustav Soderstrom sold 20,833 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $473.52, for a total value of $9,864,842.16. Following the transaction, the chief executive officer directly owned 20,609 shares in the company, valued at $9,758,773.68. This represents a 50.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alex Norstrom sold 5,436 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $479.51, for a total value of $2,606,616.36. Following the completion of the sale, the chief executive officer directly owned 69,989 shares in the company, valued at approximately $33,560,425.39. The trade was a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp purchased a new stake in Spotify Technology in the third quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. grew its stake in Spotify Technology by 3,800.0% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 39 shares of the company’s stock worth $27,000 after buying an additional 38 shares in the last quarter. Westfuller Advisors LLC purchased a new position in Spotify Technology in the 3rd quarter worth approximately $29,000. Albion Financial Group UT increased its holdings in shares of Spotify Technology by 80.0% in the 3rd quarter. Albion Financial Group UT now owns 45 shares of the company’s stock worth $31,000 after buying an additional 20 shares during the last quarter. Finally, Portus Wealth Advisors LLC bought a new position in shares of Spotify Technology in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Spotify Technology News Roundup

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

• Positive Sentiment: Q1 beat — Spotify reported stronger-than-expected revenue, EPS and monthly active user growth, which supports the company’s top-line momentum. Earnings Call Highlights
• Positive Sentiment: Subscriber strength — Premium subscribers and MAUs continue to climb (near 293M paying users), indicating pricing power and resilience after recent price hikes. Subscriber Report
• Positive Sentiment: New product/partnership upside — Spotify is expanding into fitness content with a global Peloton partnership (1,400+ classes), which diversifies content and could broaden engagement/ARPU for Premium users. Peloton Partnership
• Neutral Sentiment: Analyst note: Rosenblatt trimmed its price target from $670 to $500 and assigned a “neutral” rating — a signal that some analysts are tempering upside expectations even though the new target still implies some upside from current levels. Rosenblatt Note
• Negative Sentiment: Weak Q2 guidance drove the selloff — Spotify forecast Q2 operating income and premium-subscriber additions below Street estimates (operating income guidance ~€630M vs. higher consensus), which triggered heavy selling despite the Q1 beat. Guidance/Reuters
• Negative Sentiment: Ad-revenue softness and higher AI investment expectations — Management highlighted ad-market weakness and that AI initiatives could pressure margins near-term, a key reason the stock dropped despite strong reported profit. Ad Weakness
• Negative Sentiment: AI/regulatory and product risks — Reports that Spotify has no firm plan to label AI-generated music (and user tools to filter AI tracks) plus regulatory scrutiny (investigations into playlist practices) add reputational and operational uncertainty. AI Labeling Concerns

Spotify Technology Company Profile

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.