Economy

Pandora Media (P) Earning Somewhat Positive News Coverage, Report Finds

Pandora Media (P) Earning Somewhat Positive News Coverage, Report Finds”

(NYSE:P) in a research report sent to investors on Monday morning.

News headlines about Pandora Media (NYSE:P) have trended somewhat positive on Friday, Accern reports. The stock is above its 52-week low with 33.27% and is in the wake of its 52-week high with -0.94%. Pandora Media's revenue was up 9.9% compared to the same quarter past year. The business is expected to report its next quarterly earnings report on Monday, January 1st. The mean target price as estimated by the analysts for the company has been recorded at $10.90. Analysts review historical return data when trying to predict future returns, or to estimate how a security might react to a particular situation, such as a drop in consumer demand.

Pandora Media, Inc. (NYSE:P) received a Buy rating from 4 analysts. Pandora Media, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP Revenue Operations Gerbitz David has sold 30,000 shares of Pandora Media, Inc. Previously Pandora Media Inc (NYSE:P) reported $-0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.24 by $0.03 with surprise factor of 12.5%. Pandora Media had a negative net margin of 39.90% and a negative return on equity of 58.81%. The company had revenue of $376.83 million for the quarter, compared to analysts' expectations of $367.51 million. During the same period in the prior year, the firm posted ($0.12) earnings per share. The total amount of shares outstanding is 435.05M, giving the company a market capitalization of about 78.61B. DIAM Co. Ltd. bought a new stake in shares of Pandora Media during the third quarter worth $133,000.

The broker has just set a target price of $12.0 on Pandora Media (NYSE:P) shares. Wellington Management Group Limited Liability Partnership stated it has 0% in Pandora Media Inc (NYSE:P). The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The firm's price-to-sales ratio was noted 0.00 in contrast with an overall industry average of 86.05. In a transaction dated August 16, 2017, the shares were put up for sale at an average price of $8.42, raking in a sum of $83,855.

In the transaction dated August 16, 2017, the great number of shares disposed came courtesy the Chief Product Officer; Phillips Christopher W disposed a total of 10,322 shares at an average price of $8.42, amounting to approximately $86,911. Corporate insiders own 2.59% of the company's stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,963 shares of company stock valued at $1,212,464 in the last ninety days.

Several institutional investors have recently made changes to their positions in the stock.

Here is a rundown on some insider market activity for Pandora Media, Inc. Corporate insiders own 6.64% of the company's stock. Waddell & Reed Financial Inc. raised its holdings in shares of Pandora Media by 9.1% during the first quarter. UBS Asset Management Americas Inc. now owns 195,983 shares of the Internet radio service's stock worth $2,808,000 after buying an additional 12,985 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Pandora Media by 0.7% during the second quarter. The Company's divisions include Pandora-Internet Radio Service and Ticketfly.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

COPYRIGHT VIOLATION NOTICE: "Pandora Media's (P) "Buy" Rating Reiterated at FBR & Co" was posted by BBNS and is owned by of BBNS. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark law. General Motors Company (NYSE:GM) for the trailing twelve months paying dividend with the payout ratio of 0.00% to its shareholders.

Pandora Media (NYSE:P) last released its quarterly earnings results on Monday, July 31st. 6,871,766 shares of the company traded hands. P's latest closing price was -26.59% away from the average-price of 200 days while it maintained a distance of -9.77% from the 50 Day Moving Average and -6.99% away compared to its SMA 20.



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