FY2026 Earnings Estimate for SPOT Issued By Erste Group Bank

Spotify Technology (NYSE:SPOT) – Erste Group Bank dropped their FY2026 EPS estimates for Spotify Technology in a report released on Thursday, August 27th. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings per share of $14.28 for the year, down from their prior forecast of $14.31. The consensus estimate for Spotify Technology’s current full-year earnings is $14.30 per share. Erste Group Bank also issued estimates for Spotify Technology’s FY2027 earnings at $17.66 EPS.

Other equities analysts have also recently issued research reports about the company. Rosenblatt Securities decreased their price target on Spotify Technology from $531.00 to $527.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Spotify Technology from $600.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Argus reissued a “buy” rating and set a $600.00 price target on shares of Spotify Technology in a research note on Thursday, August 13th. Benchmark reduced their price objective on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wall Street Zen lowered shares of Spotify Technology from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Spotify Technology has a consensus rating of “Moderate Buy” and an average target price of $609.05.

Spotify Technology Stock Performance

NYSE SPOT opened at $544.52 on Tuesday. The stock has a market capitalization of $112.11 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.58. Spotify Technology has a 52 week low of $405.00 and a 52 week high of $745.00. The stock has a fifty day moving average of $495.38 and a 200-day moving average of $489.71.

Spotify Technology (NYSE:SPOT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Spotify Technology had a return on equity of 41.39% and a net margin of 18.44%.The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.42) EPS.

Institutional Trading of Spotify Technology

Large investors have recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in Spotify Technology during the 3rd quarter worth $35,000. Kemnay Advisory Services Inc. bought a new stake in shares of Spotify Technology in the fourth quarter worth about $32,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Spotify Technology in the second quarter worth about $27,000. Osbon Capital Management LLC acquired a new stake in shares of Spotify Technology during the fourth quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Spotify Technology by 85.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 65 shares of the company’s stock worth $38,000 after purchasing an additional 30 shares during the period. Institutional investors own 84.09% of the company’s stock.

Insider Activity at Spotify Technology

In related news, CEO Gustav Soderstrom sold 20,833 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $478.45, for a total transaction of $9,967,548.85. Following the completion of the transaction, the chief executive officer owned 20,259 shares in the company, valued at approximately $9,692,918.55. The trade was a 50.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the completion of the sale, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at $33,526,723.30. The trade was a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 52,538 shares of company stock worth $25,878,250 in the last three months. 0.40% of the stock is owned by insiders.

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.