“We have ticked lower our EBITDA estimate, which is now $(93) million, down from $(91) million. Full?year cash flow generation should improve relative to 2017 as sub levels increase and ad revenue trends improve.”,” Barrington Research’s analyst commented.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Pandora Media from a sell rating to a hold rating in a report on Wednesday, February 28th. Macquarie reissued a hold rating and set a $5.00 price objective on shares of Pandora Media in a report on Sunday, February 25th. Stifel Nicolaus reissued a hold rating and set a $7.00 price objective on shares of Pandora Media in a report on Friday, February 23rd. Cowen reaffirmed a market perform rating and issued a $4.00 target price (down from $6.00) on shares of Pandora Media in a report on Friday, February 23rd. Finally, Wells Fargo & Co reaffirmed a hold rating and issued a $6.00 target price on shares of Pandora Media in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $9.14.
Pandora Media (NYSE:P) last posted its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.14). Pandora Media had a negative net margin of 36.83% and a negative return on equity of 111.95%. The company had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $376.79 million. During the same period in the previous year, the business earned ($0.13) earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. sell-side analysts predict that Pandora Media will post -1 earnings per share for the current fiscal year.
In other Pandora Media news, insider Kristen Robinson sold 11,403 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,813.21. Following the completion of the transaction, the insider now owns 487,526 shares in the company, valued at approximately $2,471,756.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO David Gerbitz sold 10,135 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $51,384.45. Following the completion of the transaction, the chief operating officer now owns 510,276 shares of the company’s stock, valued at approximately $2,587,099.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,204 shares of company stock valued at $606,102. Corporate insiders own 2.59% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Pandora Media during the fourth quarter valued at about $106,000. Two Sigma Advisers LP bought a new position in Pandora Media during the fourth quarter valued at about $110,000. Two Sigma Securities LLC boosted its stake in Pandora Media by 106.7% during the fourth quarter. Two Sigma Securities LLC now owns 23,323 shares of the Internet radio service’s stock valued at $112,000 after buying an additional 12,040 shares in the last quarter. Creative Planning bought a new position in Pandora Media during the fourth quarter valued at about $128,000. Finally, Xact Kapitalforvaltning AB bought a new position in Pandora Media during the fourth quarter valued at about $138,000.
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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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