Nomura Holdings Inc. purchased a new position in Pandora Media Inc. (NYSE:P) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,600 shares of the Internet radio service’s stock, valued at approximately $169,000.
Several other institutional investors also recently bought and sold shares of P. Squarepoint Ops LLC acquired a new position in Pandora Media during the first quarter valued at approximately $600,000. Seven Eight Capital LLC acquired a new position in Pandora Media during the first quarter valued at approximately $272,000. LPL Financial LLC increased its position in Pandora Media by 8.6% in the first quarter. LPL Financial LLC now owns 146,558 shares of the Internet radio service’s stock valued at $1,316,000 after buying an additional 11,630 shares during the last quarter. Sterling Ridge Capital Management LP acquired a new position in Pandora Media during the first quarter valued at approximately $419,000. Finally, Natixis acquired a new position in Pandora Media during the first quarter valued at approximately $159,000.
Pandora Media Inc. (NYSE:P) opened at 14.33 on Friday. Pandora Media Inc. has a 1-year low of $7.10 and a 1-year high of $22.20. The stock’s 50 day moving average is $13.88 and its 200 day moving average is $11.78. The firm’s market capitalization is $3.31 billion.
Pandora Media (NYSE:P) last issued its earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The business had revenue of $343 million for the quarter, compared to analyst estimates of $351.48 million. Pandora Media had a negative net margin of 23.04% and a negative return on equity of 25.53%. Analysts predict that Pandora Media Inc. will post ($0.39) EPS for the current fiscal year.
A number of equities research analysts have issued reports on P shares. B. Riley restated a “buy” rating and set a $15.00 price target on shares of Pandora Media in a report on Tuesday, June 28th. Canaccord Genuity restated a “buy” rating and set a $14.00 price target on shares of Pandora Media in a report on Tuesday, June 14th. MKM Partners restated a “hold” rating and set a $11.50 price target on shares of Pandora Media in a report on Saturday, July 9th. Finally, Vetr cut shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $15.56 price target for the company. in a report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.81.
In other Pandora Media news, insider Christopher Douglas Martin sold 2,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $13.60, for a total value of $27,200.00. Following the transaction, the insider now directly owns 344,470 shares of the company’s stock, valued at $4,684,792. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher W. Phillips sold 12,274 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $12.15, for a total transaction of $149,129.10. Following the completion of the transaction, the insider now directly owns 288,878 shares in the company, valued at $3,509,867.70. The disclosure for this sale can be found here. Corporate insiders own 6.64% of the company’s stock.
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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