Pandora Media (P) Trading Down 0%

Pandora Media Inc (NYSE:P)’s share price fell 0% on Monday . The company traded as low as $4.72 and last traded at $4.85. 13,683,276 shares were traded during mid-day trading, an increase of 67% from the average session volume of 8,210,245 shares. The stock had previously closed at $4.85.

A number of equities analysts have commented on P shares. Zacks Investment Research cut Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Stifel Nicolaus set a $12.00 target price on Pandora Media and gave the company a “buy” rating in a report on Tuesday, October 31st. Canaccord Genuity reissued a “buy” rating and set a $14.00 target price on shares of Pandora Media in a report on Monday, October 30th. BMO Capital Markets raised Pandora Media from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $11.00 to $7.00 in a report on Thursday, November 16th. Finally, FBR & Co reissued a “buy” rating and set a $11.00 target price on shares of Pandora Media in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Pandora Media has an average rating of “Hold” and a consensus target price of $10.64.

The firm has a market cap of $1,210.00, a PE ratio of -1.95 and a beta of -0.25. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58.

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

In other news, CRO John Trimble sold 10,204 shares of the firm’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 $52,142.44. Following the completion of the transaction, the executive now directly owns 454,645 shares in the company, valued at $2,323,235.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Roger Lynch sold 78,707 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total value of $375,432.39. Following the transaction, the chief executive officer now owns 701,607 shares of the company’s stock, valued at $3,346,665.39. The disclosure for this sale can be found here. Insiders sold 116,389 shares of company stock valued at $567,987 over the last quarter. 2.59% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in P. SG Americas Securities LLC boosted its position in shares of Pandora Media by 1,179.5% during the third quarter. SG Americas Securities LLC now owns 4,505,951 shares of the Internet radio service’s stock worth $34,696,000 after buying an additional 4,153,778 shares during the period. Nordea Investment Management AB purchased a new position in shares of Pandora Media during the second quarter worth $14,821,000. SLS Management LLC boosted its position in shares of Pandora Media by 200.5% during the second quarter. SLS Management LLC now owns 2,090,156 shares of the Internet radio service’s stock worth $18,644,000 after buying an additional 1,394,520 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Pandora Media by 21.3% during the third quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock worth $39,773,000 after buying an additional 906,180 shares during the period. Finally, Vanguard Group Inc. boosted its position 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 period.

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Pandora Media Company 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.

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