Spotify Technology (NYSE:SPOT) Stock Rating Lowered by Stonex Financia

Spotify Technology (NYSE:SPOT) was downgraded by equities research analysts at Stonex Financia from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks reports.

SPOT has been the subject of a number of other reports. Argus restated a “buy” rating and set a $600.00 price objective on shares of Spotify Technology in a report on Thursday, August 13th. Phillip Securities raised Spotify Technology to a “buy” rating and set a $650.00 price target for the company in a research report on Tuesday, August 11th. KeyCorp lowered their price target on Spotify Technology from $680.00 to $660.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Weiss Ratings upgraded Spotify Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Finally, Piper Sandler started coverage on Spotify Technology in a research note on Thursday, October 8th. They set a “neutral” rating and a $540.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $610.25.

Spotify Technology Price Performance

NYSE:SPOT opened at $532.69 on Wednesday. The firm has a market cap of $109.67 billion, a PE ratio of 33.17, a P/E/G ratio of 1.61 and a beta of 1.61. Spotify Technology has a 1-year low of $405.00 and a 1-year high of $696.95. The firm has a 50 day simple moving average of $521.34 and a 200-day simple moving average of $495.34.

Spotify Technology (NYSE:SPOT) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $3.03 earnings per share for the quarter, missing the consensus estimate 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 company’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.42) earnings per share. As a group, sell-side analysts expect that Spotify Technology will post 13.77 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Alex Norström sold 5,436 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $502.10, for a total transaction of $2,729,415.60. Following the sale, the chief executive officer directly owned 66,773 shares in the company, valued at approximately $33,526,723.30. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Gustav Söderström sold 20,910 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $10,553,828.04. The trade was a 51.23% decrease in their ownership of the stock. 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 68,092 shares of company stock valued at $35,762,410 in the last ninety days. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Spotify Technology

Hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Spotify Technology by 20.1% during the first quarter. Janus Henderson Group PLC now owns 1,711,015 shares of the company’s stock worth $829,641,000 after purchasing an additional 286,844 shares in the last quarter. Tiger Global Management LLC boosted its stake in shares of Spotify Technology by 25.3% during the 1st quarter. Tiger Global Management LLC now owns 1,580,761 shares of the company’s stock valued at $766,527,000 after buying an additional 319,300 shares during the last quarter. Amundi grew its stake in Spotify Technology by 20.0% in the first quarter. Amundi now owns 1,104,484 shares of the company’s stock worth $535,575,000 after purchasing an additional 183,994 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Spotify Technology by 53.4% in the first quarter. Principal Financial Group Inc. now owns 989,667 shares of the company’s stock worth $479,899,000 after purchasing an additional 344,471 shares during the period. Finally, Sei Investments Co. boosted its stake in Spotify Technology by 1.8% in the first quarter. Sei Investments Co. now owns 749,495 shares of the company’s stock valued at $363,415,000 after acquiring an additional 13,381 shares during the period. Hedge funds and other institutional investors own 84.09% of the company’s stock.

Key Headlines Impacting Spotify Technology

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

• Positive Sentiment: Spotify outperformed the broader market in the latest session, suggesting investors may be focusing on its improving profitability and long-term growth prospects ahead of its upcoming earnings report. Why Spotify outpaced the stock market
• Positive Sentiment: Baillie Gifford highlighted Spotify’s potential to benefit from artificial-intelligence-driven personalization and deeper listener insights, which could support engagement, targeting and monetization over time. Spotify AI personalization opportunity
• Positive Sentiment: Expanded Siri functionality in Apple’s iOS 27 makes Spotify easier to control by voice, potentially improving discovery and usage among iPhone customers. Spotify Siri integration
• Neutral Sentiment: StoneX downgraded SPOT to Hold from Buy, citing limited near-term catalysts for revenue per user and higher payments to record labels. The call adds pressure to a stock trading at a premium earnings multiple. StoneX Spotify downgrade
• Neutral Sentiment: Spotify is expected to report earnings soon, but analysts anticipate a decline in earnings and see limited evidence of a likely consensus beat. Investors will focus on margins, subscriber trends and management’s outlook. Spotify earnings expectations
• Negative Sentiment: Reports that lossless audio is disrupting the Spotify desktop application could hurt customer satisfaction and complicate the rollout of a higher-quality service. Spotify lossless audio issues
• Negative Sentiment: CEO Gustav Söderström sold approximately $11.1 million of shares, reducing his direct holdings by more than half. The filing says the sale covered tax withholding on vested equity awards, which limits—but does not eliminate—the negative signaling effect. Spotify CEO SEC filing

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.