<div id="readability-page-1"><p>Versant Capital Management Inc raised its position in shares of  Spotify Technology S.A. (NYSE:SPOT - Free Report) by 336.7% in the first quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 655 shares of the company's stock after purchasing an additional 505 shares during the quarter. Versant Capital Management Inc's holdings in Spotify Technology were worth $360,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Spotify Technology</strong> alerts:</span></p></div><ul><li>Spotify Stock's Rally Still Has Legs To Run Higher </li></ul><p>A number of other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division grew its stake in shares of  Spotify Technology by 34.2% during the 1st quarter. Central Pacific Bank Trust Division now owns 2,869 shares of the company's stock valued at $1,578,000 after purchasing an additional 731 shares during the period.  MassMutual Private Wealth &amp; Trust FSB grew its stake in shares of  Spotify Technology by 16.7% during the 1st quarter. MassMutual Private Wealth &amp; Trust FSB now owns 670 shares of the company's stock valued at $369,000 after purchasing an additional 96 shares during the period.  Prostatis Group LLC bought a new stake in shares of  Spotify Technology during the 4th quarter valued at about $213,000.  111 Capital bought a new stake in shares of  Spotify Technology during the 4th quarter valued at about $545,000.  Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of  Spotify Technology during the 4th quarter valued at about $633,000. 84.09% of the stock is currently owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities research analysts have issued reports on SPOT shares. Barclays cut their price target on Spotify Technology from $710.00 to $650.00 and set an &#34;overweight&#34; rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group boosted their price objective on Spotify Technology from $550.00 to $695.00 and gave the company a &#34;buy&#34; rating in a research note on Thursday, February 6th. Benchmark boosted their price objective on Spotify Technology from $600.00 to $720.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, February 5th. Guggenheim boosted their price objective on Spotify Technology from $675.00 to $725.00 and gave the company a &#34;buy&#34; rating in a research note on Monday, May 12th. Finally, Phillip Securities upgraded Spotify Technology to a &#34;moderate sell&#34; rating in a research note on Monday, May 5th. Eight research analysts have rated the stock with a hold rating and twenty have assigned  a buy rating to the stock. According to MarketBeat, the stock  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $609.07.</p><ul><li>These 3 Rock Star Entertainment Stocks Are Dominating 2025</li></ul><p><b>Get Our Latest Research Report on SPOT</b></p><h2>Spotify Technology Stock Performance</h2><p>NYSE SPOT opened at $667.14 on Friday. The company has a market capitalization of $136.57 billion, a P/E ratio of 112.12 and a beta of 1.72. Spotify Technology S.A. has a one year low of $288.07 and a one year high of $671.24. The stock has a 50 day moving average price of $599.93 and a 200-day moving average price of $550.38. </p><ul><li>Why Spotify Stock Still Has Room to Run in 2025</li></ul><p>Spotify Technology (NYSE:SPOT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $1.13 EPS for the quarter, missing analysts' consensus estimates of $2.29 by ($1.16). Spotify Technology had a net margin of 7.26% and a return on equity of 25.56%. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm's revenue was up 15.2% compared to the same quarter last year.  As a group, equities analysts predict that  Spotify Technology S.A. will post 10.3 EPS for the current fiscal year. </p><h2>Spotify Technology Profile</h2> (Free Report)<p>Spotify Technology SA, together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Spotify Technology</li><li>EV Stocks and How to Profit from Them </li><li>Nike’s Amazon Expansion Could Signal a Turnaround in 2025</li><li>Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time</li><li>Intel’s Turnaround May Be the Best Bet No One’s Watching</li><li>Stock Sentiment Analysis: How it Works</li><li>3 Defense Stocks That Will Profit From a Golden Dome</li></ul><p><strong>Want to see what other hedge funds are holding SPOT?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spotify Technology S.A. (NYSE:SPOT - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQT1Q?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNQT1Q"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Spotify Technology Right Now?</h2><p>Before you consider Spotify Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spotify Technology wasn't on the list.</p><p>While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SPOT

<p>Versant Capital Management Inc increased its stake in Spotify Technology S.A. (NYSE:SPOT) by 336.7% in Q1, acquiring an additional 505 shares, bringing its total to 655 shares valued at $360,000. Other investors also raised their positions, with 84.09% of the stock owned by institutional investors. Analysts have mixed ratings on Spotify, with a consensus rating of "Moderate Buy" and an average price target of $609.07. Spotify's stock opened at $667.14, with a market cap of $136.57 billion and a P/E ratio of 112.12.</p>

Versant Capital Management Inc Purchases 505 Shares of Spotify Technology S.A. (NYSE:SPOT)