Pandora Media Inc (P) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lifted its position in shares of Pandora Media Inc (NYSE:P) by 254.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,900 shares of the Internet radio service’s stock after acquiring an additional 39,400 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Pandora Media were worth $422,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Pandora Media by 1,179.5% in the 3rd quarter. SG Americas Securities LLC now owns 4,505,951 shares of the Internet radio service’s stock valued at $34,696,000 after buying an additional 4,153,778 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Pandora Media by 1.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,481,600 shares of the Internet radio service’s stock valued at $11,409,000 after buying an additional 25,132 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its stake in Pandora Media by 15.1% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 296,369 shares of the Internet radio service’s stock valued at $2,282,000 after buying an additional 38,932 shares in the last quarter. Swiss National Bank lifted its stake in Pandora Media by 2.5% in the 3rd quarter. Swiss National Bank now owns 401,900 shares of the Internet radio service’s stock valued at $3,095,000 after buying an additional 9,900 shares in the last quarter. Finally, Teton Advisors Inc. lifted its stake in Pandora Media by 200.7% in the 3rd quarter. Teton Advisors Inc. now owns 75,721 shares of the Internet radio service’s stock valued at $583,000 after buying an additional 50,540 shares in the last quarter.

Pandora Media Inc (NYSE P) traded down $0.24 during mid-day trading on Friday, hitting $4.77. The stock had a trading volume of 14,180,000 shares, compared to its average volume of 15,393,541. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18. Pandora Media Inc has a 1-year low of $4.44 and a 1-year high of $14.10.

Pandora Media (NYSE:P) last released its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The business had revenue of $378.60 million during the quarter, compared to the consensus estimate of $380.54 million. During the same period in the prior year, the firm posted ($0.07) EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts forecast that Pandora Media Inc will post -1.09 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. FBR & Co reiterated a “buy” rating and issued a $11.00 price target on shares of Pandora Media in a report on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and issued a $12.00 price target on shares of Pandora Media in a report on Wednesday, August 23rd. BidaskClub upgraded Pandora Media from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Wells Fargo & Company reiterated a “hold” rating on shares of Pandora Media in a report on Tuesday, August 15th. Finally, TD Securities reiterated a “hold” rating on shares of Pandora Media in a report on Thursday, November 23rd. Three analysts have rated the stock with a sell rating, twenty-five have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.11.

In related news, General Counsel Stephen G. Bene sold 7,967 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $40,711.37. Following the completion of the sale, the general counsel now directly owns 330,865 shares of the company’s stock, valued at approximately $1,690,720.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher W. Phillips sold 9,988 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $51,038.68. Following the sale, the insider now directly owns 413,884 shares of the company’s stock, valued at $2,114,947.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,682 shares of company stock valued at $192,555. 2.59% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This news story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/12/03/pandora-media-inc-p-shares-bought-by-oppenheimer-co-inc.html.

About Pandora Media

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)

What are top analysts saying about Pandora Media Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pandora Media Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit