Shares of Pandora Media, Inc. (NYSE:P) have been given a consensus recommendation of “Hold” by the forty-two research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.17.
A number of research firms have recently commented on P. Credit Suisse Group reissued a “neutral” rating and set a $8.95 target price (up previously from $8.55) on shares of Pandora Media in a research note on Tuesday, August 1st. Wedbush reissued a “buy” rating on shares of Pandora Media in a research note on Tuesday, August 1st. MKM Partners reissued a “neutral” rating and set a $10.00 target price on shares of Pandora Media in a research note on Wednesday, August 2nd. FBR & Co reissued a “buy” rating and set a $11.00 target price on shares of Pandora Media in a research note on Monday, September 25th. Finally, Royal Bank Of Canada cut their target price on shares of Pandora Media from $15.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 1st.
In related news, EVP David Gerbitz sold 30,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $8.34, for a total value of $250,200.00. Following the transaction, the executive vice president now directly owns 335,607 shares of the company’s stock, valued at approximately $2,798,962.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.59% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Falcon Point Capital LLC purchased a new position in shares of Pandora Media in the 2nd quarter valued at $102,000. Prudential Financial Inc. purchased a new position in shares of Pandora Media in the 2nd quarter valued at $109,000. Symmetry Peak Management LLC purchased a new position in shares of Pandora Media in the 2nd quarter valued at $112,000. Aperio Group LLC purchased a new position in shares of Pandora Media in the 2nd quarter valued at $115,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Pandora Media in the 3rd quarter valued at $111,000.
Shares of Pandora Media (NYSE P) opened at $5.14 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18. Pandora Media has a one year low of $4.44 and a one year high of $14.10.
Pandora Media (NYSE:P) last released its earnings results 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. The business had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. equities analysts forecast that Pandora Media will post -1.09 earnings per share for the current fiscal year.
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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