B.A. Schrock Wealth Management Inc. Purchases 7,751 Shares of Spotify Technology $SPOT

B.A. Schrock Wealth Management Inc. acquired a new stake in Spotify Technology (NYSE:SPOT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,751 shares of the company’s stock, valued at approximately $3,809,000. Spotify Technology comprises approximately 1.3% of B.A. Schrock Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Spotify Technology in the 2nd quarter valued at approximately $27,000. Osbon Capital Management LLC bought a new position in Spotify Technology during the 4th quarter worth approximately $35,000. Portus Wealth Advisors LLC acquired a new position in Spotify Technology during the first quarter valued at approximately $32,000. Whipplewood Advisors LLC grew its holdings in Spotify Technology by 423.1% during the first quarter. Whipplewood Advisors LLC now owns 68 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Finally, Palladiem LLC acquired a new position in Spotify Technology during the first quarter valued at approximately $34,000. 84.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SPOT shares. Benchmark reduced their price target on shares of Spotify Technology from $695.00 to $650.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Guggenheim reaffirmed a “buy” rating and set a $565.00 price objective on shares of Spotify Technology in a research note on Wednesday, August 5th. Wells Fargo & Company dropped their price objective on Spotify Technology from $600.00 to $570.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Piper Sandler began coverage on Spotify Technology in a report on Thursday, October 8th. They set a “neutral” rating and a $540.00 target price on the stock. Finally, KeyCorp decreased their target price on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $610.25.

Key Stories Impacting Spotify Technology

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

• Positive Sentiment: Spotify expanded its audiobooks business and renewed its agreement with Joe Rogan, supporting efforts to diversify beyond music streaming and strengthen user engagement. Some analysts view the stock as modestly undervalued despite its elevated valuation. Spotify Technology expands audiobooks and renews Rogan
• Positive Sentiment: The launch of Spotify’s internal software-tools business could create a new enterprise revenue stream, while closer Siri integration in iOS 27 makes it easier for iPhone users to control Spotify by voice. Spotify launches software-tools business Spotify Siri integration
• Neutral Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares to cover tax withholding tied to vested equity awards. The transaction substantially reduced his direct holdings, but its stated tax-related purpose makes it less concerning than a discretionary sale. Spotify CEO SEC filing
• Neutral Sentiment: Investment commentary highlighted Spotify’s strong profitability but questioned whether a valuation near 39 times earnings is justified. The stock has also lagged major market benchmarks over the past six months, adding to investor caution. Spotify valuation analysis
• Negative Sentiment: Erste Group Bank lowered its FY2026 EPS forecast to $13.71 from $14.07 and its FY2027 estimate to $17.16 from $17.52. The reductions reinforce concerns about earnings momentum, particularly with the shares trading at a premium valuation.
• Negative Sentiment: Reports that Spotify’s new lossless-audio feature is causing problems for many desktop users could hurt the rollout’s reception and create near-term customer-experience and support costs. Spotify lossless audio desktop-app problems

Spotify Technology Trading Down 0.7%

Shares of NYSE SPOT opened at $524.00 on Thursday. The company has a fifty day moving average price of $520.20 and a 200 day moving average price of $494.93. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $696.95. The firm has a market cap of $107.88 billion, a PE ratio of 32.63, a PEG ratio of 1.62 and a beta of 1.61.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.47 billion. Spotify Technology had a net margin of 18.44% and a return on equity of 41.39%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.42) earnings per share. Equities research analysts forecast that Spotify Technology will post 13.77 EPS for the current year.

Insider Activity at Spotify Technology

In other news, CEO Gustav Söderström sold 20,910 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $530.13, for a total value of $11,085,018.30. Following the sale, the chief executive officer owned 19,908 shares of the company’s stock, valued at $10,553,828.04. The trade was a 51.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 66,773 shares of the company’s stock, valued at approximately $33,526,723.30. This trade represents 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 sold a total of 68,092 shares of company stock worth $35,762,410 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Spotify Technology Profile

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.