Headlines about Pandora Media (NYSE:P) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pandora Media earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the Internet radio service an impact score of 44.7761919205102 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Why Pandora Media, Inc. Stock Fell 32% in November (fool.com)
- Pandora Media (P) Research Coverage Started at Evercore ISI (americanbankingnews.com)
- An Eye on Data – Pandora Media, Inc., (NYSE: P) – Stock Watch (stocksnewstimes.com)
- The Markets Are Undervaluing these stock’s: Pandora Media, Inc., (NYSE: P), Allegheny Technologies Incorporated … – Stocks In The News (press release) (tradingnewsnow.com)
- Analysts Rating Review: Pandora Media Inc (P) – ExpertGazette (expertgazette.com)
Shares of Pandora Media (NYSE:P) opened at $4.82 on Thursday. Pandora Media has a fifty-two week low of $4.44 and a fifty-two week high of $14.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.
A number of analysts have recently weighed in on P shares. J P Morgan Chase & Co downgraded shares of Pandora Media from an “overweight” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $12.00 target price on shares of Pandora Media and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies set a $13.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Pandora Media in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Pandora Media presently has a consensus rating of “Hold” and a consensus target price of $10.94.
In related news, insider Christopher W. Phillips sold 9,988 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $51,038.68. Following the completion of the transaction, the insider now directly owns 413,884 shares of the company’s stock, valued at $2,114,947.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Stephen G. Bene sold 7,967 shares of the firm’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 transaction, the general counsel now directly owns 330,865 shares of the company’s stock, valued at $1,690,720.15. 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. Insiders own 2.59% of the company’s stock.
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.
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