Page 10 - Spotify Technology News Today

Sure, the music and podcast streamer is showing great growth -- but is the stock overpriced?

Spotify made some tough decisions after its stock collapsed in 2022, but they're starting to pay off.

Spotify Technology (NYSE:SPOT – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.42, Zacks reports. Spotify Technology had a negative net margin of 0.80% and a negative return on equity of 4.39%. The firm had revenue […]

California Public Employees Retirement System reduced its position in Spotify Technology S.A. (NYSE:SPOT – Free Report) by 0.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 261,420 shares of the company’s stock after selling 90 shares during the period. California Public […]

Spotify Technology (NYSE:SPOT – Get Free Report) had its price target upped by investment analysts at Benchmark from $325.00 to $375.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 29.67% from the stock’s previous close. […]

Parkside Financial Bank & Trust grew its stake in Spotify Technology S.A. (NYSE:SPOT – Free Report) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 354 shares of the company’s stock after purchasing an additional 63 shares during the quarter. Parkside […]

Parkside Financial Bank & Trust lifted its holdings in Spotify Technology S.A. (NYSE:SPOT – Free Report) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 354 shares of the company’s stock after acquiring an additional 63 shares during the period. […]

Sure, the music and podcast streamer is showing great growth -- but is the stock overpriced?

Spotify Technology (NYSE:SPOT – Free Report) had its target price upped by Loop Capital from $165.00 to $250.00 in a research report released on Monday morning, Benzinga reports. Loop Capital currently has a hold rating on the stock. A number of other brokerages also recently weighed in on SPOT. DZ Bank raised shares of Spotify […]

Shares of Spotify Technology S.A. (NYSE:SPOT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1 year […]