Economy

Kopernik Global Investors, LLC Lowers Its Holdings in Pandora Media Inc (P)

Pandora Media's quarterly revenue was up 12.9% on a year-over-year basis.

The company reported its EPS on 9/29/2017. The value of the total investment in Pandora Media Inc decreased from $5,580,000 to $1,185,000 a change of 78.8% for the reporting period.

October 31 investment analysts at FBR & Co maintained a stock rating of "Buy" projecting a price of $11.00. Needham & Company LLC reissued a "buy" rating and issued a $11.00 price target on shares of Pandora Media in a research note on Thursday, July 6th. Approximately 27.3% of the company's stock are short sold. On November 3 the stock rating was downgraded to "Neutral" from "Overweight" with a current price target of $9.00 in an announcement from J P Morgan Chase & Co.

According to analysts Pandora Media Inc (NYSE:P)'s minimum EPS for the current quarter is at $-0.18 and can go high up to $0.01.

Pandora Media Inc (NYSE:P) 52-week high price stands at $14.10 and low price stands at $4.48, its price distance from 52-week high is -67.59% while its distance from 52-week low price is 2.01%.

Pandora Media (NYSE:P) last issued its earnings results on Thursday, November 2nd. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%.

While considering growth estimates of the company, it has next quarter growth estimates of 8.3% whereas during current quarter it has 46.2% estimations over growth, comparing to the estimations of -15.7% during current year and 50.8% for next year. During the same period in the prior year, the company posted ($0.07) earnings per share. EPS long term mean growth rate estimated by 2 analysts is at 21.55%, whereas, the high and low Long term growth rate estimated at 25 and 18.1. Riley Downgrades Pandora Media, Inc. "(P) to Hold" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of USA and global copyright laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/11/14/pandora-media-inc-p-stock-rating-lowered-by-suntrust-banks-inc.html. The stock now has Weekly Volatility of 6.38% and Monthly Volatility of 4.58%. The shares were sold at an average price of $8.34, for a total value of $250,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

In other news, EVP David Gerbitz sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $8.42, for a total transaction of $55,049.96. Insider ownership increased by a total of 754441 shares, which suggests that P's key executives are feeling more optimistic about the outlook for the stock. The disclosure for this sale can be found here. However the six-month change in the insider ownership was recorded -1.86%, as well as three-month change in the institutional ownership was recorded -10.38%. Corporate insiders own 2.59% of the company's stock.

Several other analysts also recently weighed in on the stock. Pandora Media's quarterly revenue was up 7.6% compared to the same quarter last year. sell-side analysts anticipate that Pandora Media will post -1.09 earnings per share for the current year. Its stake was worth $23,787,000 a decrease of 13.9% as of the end of the quarter. Fox Run Management L.L.C. bought a new position in shares of Pandora Media in the third quarter worth $111,000. Symmetry Peak Management LLC purchased a new stake in shares of Pandora Media during the second quarter worth $112,000. Trexquant Investment LP purchased a new position in Pandora Media during the 3rd quarter valued at $302,000.

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, vehicle speakers or live on stage.



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