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IS SPOTIFY STOCK A BUY FREE
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IS SPOTIFY STOCK A BUY OFFLINE
The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. It operates through Premium and Ad-Supported segments. Spotify Technology SA, together with its subsidiaries, provides audio streaming services worldwide. 55.32% of the stock is owned by institutional investors. Canal Capital Management LLC now owns 15,800 shares of the company’s stock valued at $2,386,000 after purchasing an additional 5,006 shares in the last quarter. Finally, Canal Capital Management LLC raised its position in Spotify Technology by 46.4% during the 1st quarter. IndexIQ Advisors LLC now owns 1,413 shares of the company’s stock valued at $213,000 after purchasing an additional 1,068 shares in the last quarter. IndexIQ Advisors LLC raised its position in Spotify Technology by 309.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,654 shares of the company’s stock valued at $5,989,000 after purchasing an additional 23,048 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Spotify Technology by 138.8% during the 1st quarter. now owns 1,617 shares of the company’s stock valued at $244,000 after purchasing an additional 471 shares in the last quarter. raised its position in Spotify Technology by 41.1% during the 1st quarter. Carnegie Capital Asset Management LLC now owns 1,803 shares of the company’s stock valued at $272,000 after purchasing an additional 670 shares in the last quarter. Carnegie Capital Asset Management LLC raised its position in Spotify Technology by 59.1% during the 1st quarter. Institutional investors and hedge funds have recently bought and sold shares of the company. Institutional Investors Weigh In On Spotify Technology

Equities research analysts predict that Spotify Technology will post -2.03 earnings per share for the current year. The business’s revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.23) EPS. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.82 billion. Spotify Technology had a negative return on equity of 1.15% and a negative net margin of 0.24%. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.23). Spotify Technology ( NYSE:SPOT – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. Based on data from, the company currently has an average rating of Moderate Buy and a consensus price target of $181.76.

Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Finally, The Goldman Sachs Group decreased their price target on Spotify Technology from $150.00 to $133.00 and set a neutral rating on the stock in a report on Thursday, June 9th. UBS Group dropped their target price on Spotify Technology from $185.00 to $142.00 and set a neutral rating for the company in a report on Thursday, July 28th. Citigroup decreased their price objective on Spotify Technology from $150.00 to $145.00 and set a buy rating on the stock in a research report on Thursday, July 28th. Evercore ISI dropped their price target on Spotify Technology from $235.00 to $230.00 and set an outperform rating for the company in a research report on Thursday, July 7th. Wells Fargo & Company raised shares of Spotify Technology from an underweight rating to an equal weight rating and lifted their price objective for the stock from $101.00 to $124.00 in a research note on Wednesday, June 15th. Spotify Technology ( NYSE:SPOT – Get Rating) had its price objective lowered by Truist Financial from $150.00 to $125.00 in a research note published on Thursday morning, The Fly reports.Ī number of other brokerages have also recently commented on SPOT.
