Pandora Media Inc (P) Given Consensus Rating of “Hold” by Brokerages

Shares of Pandora Media Inc (NYSE:P) have been given a consensus rating of “Hold” by the forty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.10.

A number of research firms have weighed in on P. Raymond James Financial raised shares of Pandora Media from a “market perform” rating to a “strong-buy” rating and set a $8.00 target price for the company in a research report on Thursday. UBS raised shares of Pandora Media from a “market perform” rating to a “strong-buy” rating in a research report on Thursday. Barrington Research reissued a “hold” rating on shares of Pandora Media in a research report on Thursday, March 8th. Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, Macquarie reissued a “hold” rating and set a $5.00 target price on shares of Pandora Media in a research report on Sunday, February 25th.

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Shares of P stock opened at $5.11 on Friday. The stock has a market cap of $1,345.79, a price-to-earnings ratio of -2.21 and a beta of -0.38. Pandora Media has a fifty-two week low of $4.09 and a fifty-two week high of $12.13. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.79.

Pandora Media (NYSE:P) last issued its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.14). The business had revenue of $395.00 million during the quarter, compared to the consensus estimate of $376.79 million. Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) earnings per share. analysts anticipate that Pandora Media will post -0.99 EPS for the current fiscal year.

In related news, COO David Gerbitz sold 10,135 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.07, for a total value of $51,384.45. Following the sale, the chief operating officer now owns 510,276 shares of the company’s stock, valued at $2,587,099.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kristen Robinson sold 11,403 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.07, for a total transaction of $57,813.21. Following the completion of the sale, the insider now directly owns 487,526 shares in the company, valued at approximately $2,471,756.82. The disclosure for this sale can be found here. In the last three months, insiders sold 45,497 shares of company stock worth $230,670. 2.59% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nationwide Fund Advisors bought a new stake in Pandora Media during the third quarter worth about $334,000. Aperio Group LLC grew its stake in Pandora Media by 90.6% during the third quarter. Aperio Group LLC now owns 24,550 shares of the Internet radio service’s stock worth $189,000 after buying an additional 11,673 shares during the last quarter. Swiss National Bank grew its stake in Pandora Media by 2.5% during the third quarter. Swiss National Bank now owns 401,900 shares of the Internet radio service’s stock worth $3,095,000 after buying an additional 9,900 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Pandora Media by 1.7% during the third quarter. Russell Investments Group Ltd. now owns 1,481,600 shares of the Internet radio service’s stock worth $11,409,000 after buying an additional 25,132 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Pandora Media by 254.2% during the third quarter. Oppenheimer & Co. Inc. now owns 54,900 shares of the Internet radio service’s stock worth $422,000 after buying an additional 39,400 shares during the last quarter.

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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.

Analyst Recommendations for Pandora Media (NYSE:P)

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