Dana Investment Advisors Inc. Lowers Stock Position in Spotify Technology $SPOT

Dana Investment Advisors Inc. trimmed its position in Spotify Technology (NYSE:SPOT) by 70.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 622 shares of the company’s stock after selling 1,474 shares during the period. Dana Investment Advisors Inc.’s holdings in Spotify Technology were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadcap Wealth Management LLC grew its position in Spotify Technology by 5.7% in the 3rd quarter. Quadcap Wealth Management LLC now owns 295 shares of the company’s stock valued at $206,000 after buying an additional 16 shares during the last quarter. Sage Mountain Advisors LLC grew its position in Spotify Technology by 6.3% in the 3rd quarter. Sage Mountain Advisors LLC now owns 289 shares of the company’s stock valued at $201,000 after buying an additional 17 shares during the last quarter. Sagespring Wealth Partners LLC grew its position in Spotify Technology by 2.9% in the 4th quarter. Sagespring Wealth Partners LLC now owns 636 shares of the company’s stock valued at $370,000 after buying an additional 18 shares during the last quarter. Ameritas Advisory Services LLC grew its position in Spotify Technology by 7.9% in the 3rd quarter. Ameritas Advisory Services LLC now owns 260 shares of the company’s stock valued at $181,000 after buying an additional 19 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its position in Spotify Technology by 3.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 633 shares of the company’s stock valued at $442,000 after buying an additional 19 shares during the last quarter. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SPOT shares. Weiss Ratings upgraded shares of Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Citizens Jmp reiterated a “market outperform” rating and issued a $600.00 price objective (down from $800.00) on shares of Spotify Technology in a research report on Wednesday, April 29th. Guggenheim lowered their price objective on shares of Spotify Technology from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Moffett Nathanson started coverage on shares of Spotify Technology in a research report on Tuesday, January 27th. They issued a “neutral” rating and a $487.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and a consensus target price of $645.77.

Spotify Technology Stock Performance

Spotify Technology stock opened at $440.64 on Wednesday. Spotify Technology has a one year low of $405.00 and a one year high of $785.00. The business has a fifty day moving average of $482.76 and a two-hundred day moving average of $526.62. The company has a market cap of $90.72 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.07 and a beta of 1.55.

Spotify Technology (NYSE:SPOT) last released its earnings results on Tuesday, April 28th. The company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.63. Spotify Technology had a return on equity of 35.73% and a net margin of 15.56%.The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the company earned $1.07 earnings per share. Spotify Technology’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts predict that Spotify Technology will post 14.88 EPS for the current year.

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 Tuesday, May 5th. The stock was sold at an average price of $430.72, for a total value of $8,973,189.76. Following the completion of the sale, the chief executive officer owned 20,492 shares of the company’s stock, valued at approximately $8,826,314.24. This trade represents a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $33,560,425.39. This trade represents a 7.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 47,102 shares of company stock valued at $21,444,648. 0.40% of the stock is owned by corporate insiders.

Spotify Technology News Summary

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

• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Spotify, signaling improving profit expectations and reinforcing the view that the company can deliver stronger earnings than the current consensus.
• Positive Sentiment: Spotify announced it will host an Investor Day on May 21, which could provide catalysts if management outlines better margin, subscriber, or monetization trends. Spotify Technology S.A. to Host Investor Day 2026
• Positive Sentiment: The company introduced podcast-related product updates, including banning AI-generated podcasts and adding verified badges, which may help improve content quality and trust on the platform. Spotify bans AI-generated podcasts & adds verified badges for podcasts
• Positive Sentiment: Spotify also said it is adopting Apple video podcast technology, a move that could enhance its podcast offering and support engagement over time. Spotify adopts Apple video podcast technology
• Neutral Sentiment: Spotify’s temporary 20th-anniversary app icon and related logo chatter look like branding noise rather than a fundamental business driver. Spotify’s disco ball icon is ugly. You looked!
• Negative Sentiment: Pomerantz LLP said it is investigating claims on behalf of Spotify investors, adding a legal uncertainty that can weigh on sentiment even before any formal complaint is filed. Investor alert: Pomerantz law firm investigates Spotify

Spotify Technology 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.