Pandora Media, Inc. (P) Holdings Raised by Voya Investment Management LLC

Voya Investment Management LLC boosted its stake in shares of Pandora Media, Inc. (NYSE:P) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,150 shares of the Internet radio service’s stock after purchasing an additional 740 shares during the quarter. Voya Investment Management LLC’s holdings in Pandora Media were worth $777,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in P. Vanguard Group Inc. lifted its holdings in shares of Pandora Media by 4.8% during the second quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock worth $161,092,000 after buying an additional 829,682 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Pandora Media by 51.9% during the second quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock worth $64,077,000 after buying an additional 2,454,296 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of Pandora Media by 0.7% during the second quarter. Ontario Teachers Pension Plan Board now owns 7,046,899 shares of the Internet radio service’s stock worth $62,858,000 after buying an additional 46,899 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Pandora Media by 789.9% during the second quarter. Marshall Wace North America L.P. now owns 3,084,210 shares of the Internet radio service’s stock worth $27,758,000 after buying an additional 2,737,635 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Pandora Media by 3.9% during the first quarter. State Street Corp now owns 2,949,923 shares of the Internet radio service’s stock worth $34,844,000 after buying an additional 110,826 shares during the last quarter.

Pandora Media, Inc. (NYSE:P) opened at 7.23 on Tuesday. The firm has a 50-day moving average price of $7.88 and a 200 day moving average price of $8.74. The firm’s market cap is $1.75 billion. Pandora Media, Inc. has a 1-year low of $6.76 and a 1-year high of $14.10.

Pandora Media (NYSE:P) last released its quarterly earnings results on Monday, July 31st. The Internet radio service reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.08. Pandora Media had a negative return on equity of 58.81% and a negative net margin of 39.90%. The firm had revenue of $376.83 million for the quarter, compared to analyst estimates of $367.51 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The business’s revenue was up 9.9% on a year-over-year basis. Equities analysts predict that Pandora Media, Inc. will post ($0.51) earnings per share for the current year.

A number of research analysts have recently commented on P shares. Canaccord Genuity reiterated a “buy” rating and set a $14.00 price target (down from $15.00) on shares of Pandora Media in a report on Tuesday, August 1st. Citigroup Inc. reiterated a “buy” rating and set a $11.00 price target (down from $12.00) on shares of Pandora Media in a report on Tuesday, August 1st. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 price target (down from $14.00) on shares of Pandora Media in a report on Tuesday, August 1st. Wedbush reiterated a “buy” rating on shares of Pandora Media in a report on Tuesday, August 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Pandora Media in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.81.

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In other Pandora Media news, EVP David Gerbitz sold 30,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $8.34, for a total value of $250,200.00. Following the sale, the executive vice president now owns 335,607 shares in the company, valued at approximately $2,798,962.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen G. Bene sold 6,538 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total value of $55,049.96. The disclosure for this sale can be found here. Insiders sold a total of 67,366 shares of company stock worth $564,822 in the last quarter. Corporate insiders own 2.59% of the company’s stock.

Pandora Media Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

Institutional Ownership by Quarter for Pandora Media (NYSE:P)

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