Fintel reported that on April 21, 2023, Benchmark maintained Spotify Know-how (NYSE:SPOT) protection with a He buys suggestion.
Analyst value forecasts are for a acquire of 0.79%.
As of April 6, 2023, one 12 months common value goal For Spotify Know-how it is $134.38. Forecasts vary from $85.85 to $194.25. The common value goal represents a rise of 0.79% from the final reported closing value of $133.33.
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Spotify Know-how’s projected annual income is $13,855 million, a rise of 18.15%. Non-GAAP projected annual EPS It’s – 1.88 {dollars}.
What do different shareholders do?
FMDGX – Constancy Mid-Vary Development Index Fund She owns 23,000 shares representing 0.01% of the corporate’s possession. Within the advance submitting, the corporate reported holding 22,000 shares, represented by extra 3.56%. an organization dropped Its portfolio allocation in Spot elevated by 11.18% over the past quarter.
CMIEX – Institutional Class Multi-Supervisor Worldwide Fairness Methods Fund She owns 44,000 shares representing 0.02% of the corporate’s possession. Within the advance submitting, the corporate reported holding 48,000 shares, represented by drop from 8.62%. an organization dropped Its portfolio allocation in Spot elevated by 34.56% over the past quarter.
VT – Vanguard Complete World Inventory Index Fund ETF Shares She owns 73,000 shares representing 0.04% of the corporate’s possession. Within the advance submitting, the corporate reported proudly owning 71,000 shares, representing extra 2.71%. an organization extra Its portfolio allocation in Spot elevated by 25.74% over the past quarter.
BBTLX – Bridge Builder Massive Capital Tax Fund She owns 36,000 shares representing 0.02% of the corporate’s possession. Within the advance submitting, the corporate reported holding 6,000 shares, represented by extra 83.50%. an organization dropped Its portfolio allocation in Spot elevated by 14.47% over the past quarter.
Corient Capital Companions She owns 2 thousand shares representing 0.00% possession of the corporate. No change within the final quarter.
What’s fund sentiment?
there 857 fund or basis studies positions in Spotify Know-how. That is a lower of 13 homeowners, or 1.49%, in the latest quarter. The common weight of the pockets From all of the containers Allotted to SPOT is 0.45%, a rise of 11.57%. The overall shares owned by establishments previously three months decreased by 1.39% to 116,501 thousand shares. 
the Place/Ratio name of SPOT is 1.01, which signifies a bearish outlook.
Spotify expertise background info
(This description is offered by the corporate.)
Spotify is the world’s hottest subscription audio streaming service with a neighborhood of 345 million month-to-month lively customers and 155 million premium subscribers. With a presence in 93 markets, and greater than 70 million tracks together with over 2 million podcast titles, it has modified the way in which individuals entry and luxuriate in music and podcasts.
Watch all of Spotify’s expertise Regulatory filings.
This story initially appeared Ventel.
The views and opinions expressed herein are these of the creator and don’t essentially mirror the views and opinions of Nasdaq, Inc.