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Fintel reports that as of April 18, 2023, Keybanc has maintained coverage of Spotify Technology (NYSE:SPOT). Overweight recommendation.
Analyst price forecasts suggest a 0.45% gain
As of April 6, 2023, the average one-year price target for Spotify technology is $134.38. Predictions range from a low of $85.85 to a high of $194.25. The average price target represents a 0.45% increase from the latest reported closing price of $133.78.
Check out our leaderboard of companies with the biggest price target upside.
Projected annual revenue for Spotify technology is $13,855 million, an increase of 18.15%. Projected full-year non-GAAP EPS is -$1.88.
What are other shareholders doing?
Zenyatta Capital Management owns 20,000 shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 0,000 shares of him.
will increase
100.00%.
Schonfeld Strategic Advisors holds 155,000 shares representing a 0.08% ownership interest in the company. In previous filings, the company reported that it owned 59,000 of his shares.
will increase
61.61%.office
gain
Portfolio allocation in SPOT increased 136.91% last quarter.
DHIYX – Diamond Hill International Fund Class Y holds 13,000 shares representing a 0.01% ownership interest in the company. No change from the previous quarter.
PDT Partners owns 13,000 shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 18,000 of his shares.
Decrease
37.35%.office
decreased
Portfolio allocation in SPOT increased by 28.73% last quarter.
Mariner holds 6,000 shares representing 0.00% ownership of the company. In previous filings, the company reported that it owned 7,000 of his shares.
Decrease
19.76%.office
gain
Portfolio allocation in SPOT increased by 61,387.97% last quarter.
What is Fund Sentiment?
858 funds or institutions have reported positions in Spotify technology. That’s a decrease of 9 owners or 1.04% in the last quarter.Portfolio average weight of all funds SPOT Dedicated was 0.44%, an increase of 8.59%. The total number of shares owned by institutional investors fell by 1.37% to 116,562,000 shares over the past three months.
SPOT’s put/call ratio stands at 0.97, indicating a bullish outlook.
Spotify Technology Background Information
(This description is provided by the company.)
Spotify is the world’s most popular audio streaming subscription service, with a community of 345 million monthly active users and 155 million premium subscribers. With a presence in 93 markets and over 70 million tracks, including over 2 million podcast titles, we have transformed the way people access and enjoy music and podcasts.
View all regulatory filings for Spotify technology.
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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