Pandora Media Inc Q3 2017 Earnings Results Sink Shares

Pandora Media Inc Q3 2017 Earnings Results Sink Shares”

The stock has "Market Perform" rating by Telsey Advisory Group on Wednesday, March 29.

Pandora Media (NYSE:P) has slid 9.3% in postmarket trading after revenues fell just short in Q3 earnings where nice subscriptions growth nonetheless carried a flat advertising business. The stock had previously closed at $12.83.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Pandora Media Inc (NYSE:P) high price target of $15 and with a conservative view have low price target of $7.5. MKM Partners reissued a "neutral" rating and set a $10.00 price objective on shares of Pandora Media in a report on Wednesday, August 2nd. Finally, Albert Fried & Company reissued a "buy" rating on shares of Pandora Media in a report on Friday, July 8th.

Among 36 analysts covering Texas Instruments (NASDAQ:TXN), 18 have Buy rating, 2 Sell and 16 Hold. FBR & Co's price target would suggest a potential upside of 50.48% from the company's current price. The shares were sold at an average price of $8.42, for a total transaction of $55,049.96. Marshall Wace North America L.P. now owns 3,084,210 shares of the Internet radio service's stock valued at $27,758,000 after purchasing an additional 2,737,635 shares in the last quarter. The disclosure for this sale can be found here.

Other analysts have also issued research reports about the company. Asset Management reported 0% in Pandora Media Inc (NYSE:P). Ontario Teachers Pension Plan Board increased its stake in shares of Pandora Media by 0.7% during the second quarter. However the six-month change in the insider ownership was recorded -2.47%, as well as three-month change in the institutional ownership was recorded -9.94%. Marshall Wace North America L.P. increased its stake in shares of Pandora Media by 789.9% during the second quarter. Jackson Square Partners LLC now owns 11,291,361 shares of the Internet radio service's stock valued at $101,057,000 after buying an additional 5,127,147 shares during the period. Finally, State Street Corp increased its stake in shares of Pandora Media by 2.0% during the second quarter.

The company has a 50-day moving average of $13.97 and a 200-day moving average of $12.10. The number of active listeners totaled 73.7 million, excluding 1.1 million listeners in Australia and New Zealand as Pandora Media announced plans to exit its business in those areas.

P shares slumped 11.5% after the bell Thursday on the company's dismal earnings report. RBC Capital Markets downgraded Pandora Media Inc (NYSE:P) on Friday, October 23 to "Sector Perform" rating. As a result, the company's third-quarter earnings of fiscal 2017 came in at a loss, while revenue missed expectations.

Revenue came in at $379 million, below the $380.6 million that Thomson Reuters expected.

Like this



03 November 2017
Listeria scare in the air: American Airlines dumps caterer in food danger
American Airlines says listeria was found at a catering company that services airlines operating out of LAX. Gate Gourmet said that, following the discovery, its kitchen was "immediately and aggressively treated".

03 November 2017
Patrice Evra sent-off before kick-off for kicking fan
Marseille boss Rudi Garcia revealed afterwards Evra had reacted to taunts from the fans but still criticised his actions. Marseille , who were forced to start the match with only 10 players, ultimately lost the contest 1-0.

03 November 2017
Two US bombers fly near Korean peninsula
Trump and North Korean leader Kim Jong Un have carried on a war of words via public statements since Trump took office in January. United States B-1B Lancer bombers flew near the Korean Peninsula on Thursday night ahead of U.S.

03 November 2017
Signals from Technical Perspective: The Williams Companies, Inc. (NYSE: WMB)
On October 27 the stock rating was downgraded from "Buy" to "Neutral" in an announcement from Cantor Fitzgerald. With 3.50M avg volume, 6 days are for Southern Company (NYSE:SO)'s short sellers to cover SO's short positions.

03 November 2017
North Korean defector warns pre-emptive U.S. strike would trigger 'automatic retaliation'
The South Korean capital, and by far its largest city, Seoul, is barely 50 miles from the 49th parallel. He also suggested that the USA should meet the North Korean leader to assess his thinking.

03 November 2017
India court jails two men for life for raping niece
A fast track court had found both maternal uncles guilty of raping the 10-year-old , As Reported By Tribune . The child was told by her family and the doctors that she had a stone in her stomach that had to be removed.

03 November 2017
Professor named in Russian Federation disclosures says he has 'clean conscience'
Last month, Sessions told the same committee that he was not aware of any Trump surrogates having contacts with Russian officials. Although Mifsud is not mentioned by name in the documents , he has since admitted that the "professor" does refer to himself.

03 November 2017
HP and Intel to Sponsor Blizzard's Overwatch League
The official announcement of the sponsorship was made at the BlizzCon 2017 event in California. HP-specifically, the HP Omen line-will be the primary PC provider for the Overwatch League.

03 November 2017
National Hockey League star Alex Ovechkin backs Vladimir Putin's re-election
And you know, I really liked that comparison. "I am personally ready to be part of such a team", Ovechkin said. Ovechkin says he has never hidden his feelings about Putin and has "always supported him openly".

03 November 2017
'Fast & Furious' ride racing towards Universal Studios Orlando
Now, a high-speed chase is on as the Fast & Furious crew strives to keep you safe from the clutches of Shaw. As theme park fans may know, Fast and Furious: Supercharged already exists at Universal Studios Hollywood.