Economy

Pandora Media Inc (NYSE:P) General Counsel Sells $40711.37 in Stock

Pandora Media Inc (NYSE:P) General Counsel Sells $40711.37 in Stock

The market experts are predicting a 152.63% rally, based on the high target price ($12) for Pandora Media, Inc. shares that is likely to be hit in the 52 weeks. Following the completion of the transaction, the insider now directly owns 413,884 shares of the company's stock, valued at $2,114,947.24.

Pandora Media Inc (NYSE:P) shares traded -0.42% down during most recent session to reach at the closing price of $4.75. Noting its average daily volume at 9.12 million shares each day over the month, this signifies a pretty significant change over the norm. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18. Pandora Media has a fifty-two week low of $4.44 and a fifty-two week high of $14.10.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, November 2nd.

The company's Average Earnings Estimate for the Current Fiscal quarter is $-0.08, according to consensus of 26 analysts. For the current year the company's revenue estimates are $1.45 Billion compared to low analyst estimates of $1.44 Billion and high estimates of $1.46 Billion according to 25 number of analysts. Pandora Media had a negative net margin of 24.77% and a negative return on equity of 40.86%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. However a year ago for the same quarter the company has reported $-0.13 EPS. They issued a $5.50 price target on the stock. TD Securities reiterated a "hold" rating on shares of Pandora Media in a report on Thursday, November 23rd. The company has a market cap of $1.22 Billion. Zacks Investment Research lowered Pandora Media from a "hold" rating to a "sell" rating in a report on Thursday, October 5th. Stifel Nicolaus cut Pandora Media from a "buy" rating to a "hold" rating and decreased their target price for the stock from $12.00 to $8.00 in a report on Friday, November 3rd. (NYSE:P)'s Buy count is 1 and Strong Buy is 8 while the number of analysts recommending Sell and Strong Sell are 1 and 13, respectively. The shares were sold at an average price of $9.38, for a total transaction of $76,006.14. Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service's stock valued at $161,092,000 after purchasing an additional 829,682 shares during the period.

Vigilant Capital Management LLC Increases Position in Eog Resources INC (EOG)
Finally, Ballentine Partners LLC purchased a new position in shares of EOG Resources during the 1st quarter valued at $284,000. Scotiabank set a $104.00 price target on EOG Resources and gave the stock a "hold" rating in a report on Monday, March 27th.

COPYRIGHT VIOLATION NOTICE: "Somewhat Favorable News Coverage Somewhat Unlikely to Affect Pandora Media (P) Stock Price" was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service's stock valued at $64,077,000 after purchasing an additional 2,454,296 shares during the period.

The company's Average Revenue Estimate for the current quarter is $374.6 Million, while Low and High Revenue Estimates are $365.07 Million and $392.6 Million respectively. Teacher Retirement System of Texas now owns 17,702 shares of the Internet radio service's stock worth $209,000 after buying an additional 640 shares during the last quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service's stock worth $39,773,000 after acquiring an additional 906,180 shares in the last quarter. Aperio Group LLC acquired a new stake in Pandora Media during the second quarter valued at $115,000. Concourse Capital Management LLC now owns 95,378 shares of the Internet radio service's stock worth $1,126,000 after buying an additional 378 shares during the last quarter.

The stock now shows its YTD (Year to Date) performance of -63.04 percent, whereas its Weekly performance stands at -4.93%.

About Pandora Media 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, auto speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.


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