Pandora Media (P) Lifted to “Strong-Buy” at UBS

UBS upgraded shares of Pandora Media (NYSE:P) from a market perform rating to a strong-buy rating in a research report sent to investors on Thursday morning, The Fly reports.

P has been the topic of several other reports. Zacks Investment Research raised shares of Pandora Media from a sell rating to a hold rating in a report on Wednesday, February 28th. Vetr cut shares of Pandora Media from a strong-buy rating to a buy rating and set a $5.06 target price on the stock. in a report on Tuesday, January 30th. Wedbush set a $12.00 price target on shares of Pandora Media and gave the stock a buy rating in a research report on Friday, February 16th. B. Riley reduced their price target on shares of Pandora Media from $8.00 to $6.00 and set a neutral rating on the stock in a research report on Thursday, February 22nd. Finally, Bank of America reduced their price target on shares of Pandora Media from $7.00 to $5.60 and set an underperform rating on the stock in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Pandora Media currently has a consensus rating of Hold and an average price target of $9.10.

How to Become a New Pot Stock Millionaire

Pandora Media stock opened at $5.11 on Thursday. Pandora Media has a fifty-two week low of $4.09 and a fifty-two week high of $12.13. The company has a market cap of $1,302.46, a P/E ratio of -2.21 and a beta of -0.38. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.79.

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

In other Pandora Media news, insider Kristen Robinson sold 11,403 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.07, for a total value of $57,813.21. Following the sale, the insider now owns 487,526 shares in the company, valued at $2,471,756.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stephen G. Bene sold 11,260 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.07, for a total transaction of $57,088.20. The disclosure for this sale can be found here. Insiders sold 45,497 shares of company stock worth $230,670 in the last 90 days. Company insiders own 2.59% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Swiss National Bank lifted its holdings in shares of 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 purchasing an additional 9,900 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Pandora Media by 5.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 212,083 shares of the Internet radio service’s stock worth $1,022,000 after purchasing an additional 11,497 shares during the period. Aperio Group LLC lifted its holdings in shares of 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 purchasing an additional 11,673 shares during the period. Two Sigma Securities LLC lifted its holdings in shares of 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 worth $112,000 after purchasing an additional 12,040 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Pandora Media by 3.7% during the fourth quarter. Alliancebernstein L.P. now owns 376,008 shares of the Internet radio service’s stock worth $1,812,000 after purchasing an additional 13,261 shares during the period.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3298881/pandora-media-p-lifted-to-strong-buy-at-ubs.html.

About Pandora Media

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

The Fly

Analyst Recommendations for Pandora Media (NYSE:P)

Receive News & Ratings for Pandora Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Tintri  Receives Daily Media Impact Rating of 0.13
Tintri Receives Daily Media Impact Rating of 0.13
Advanced Internet Blocks  24 Hour Trading Volume Reaches $15.00
Advanced Internet Blocks 24 Hour Trading Volume Reaches $15.00
Synereo  Trading 12% Higher  This Week
Synereo Trading 12% Higher This Week
bitCNY Price Tops $0.16
bitCNY Price Tops $0.16
$1.06 Earnings Per Share Expected for Eagle Bancorp, Inc.  This Quarter
$1.06 Earnings Per Share Expected for Eagle Bancorp, Inc. This Quarter
Analysts Expect Camden National Bank  to Post $0.82 EPS
Analysts Expect Camden National Bank to Post $0.82 EPS


© 2006-2018 Ticker Report. Google+.