Pandora Media Inc (P) Short Interest Update
Pandora Media Inc (NYSE:P) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 62,831,031 shares, a decline of 10.3% from the November 30th total of 70,046,338 shares. Currently, 25.9% of the company’s stock are sold short. Based on an average daily trading volume, of 12,255,968 shares, the short-interest ratio is presently 5.1 days.
A number of analysts have commented on P shares. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Pandora Media in a report on Thursday, September 14th. ValuEngine lowered Pandora Media from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. FBR & Co reissued a “buy” rating and set a $11.00 price objective on shares of Pandora Media in a report on Monday, September 25th. Zacks Investment Research lowered Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $13.00 price objective on Pandora Media and gave the stock a “buy” rating in a report on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $10.83.
Pandora Media (P) opened at $5.17 on Friday. Pandora Media has a 12 month low of $4.44 and a 12 month high of $13.72. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1,290.00, a P/E ratio of -2.08 and a beta of -0.25.
Pandora Media (NYSE:P) last posted its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The business had revenue of $378.60 million for the quarter, compared to the consensus estimate of $380.54 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Pandora Media’s revenue for the quarter was up 7.6% on a year-over-year basis. equities analysts expect that Pandora Media will post -1.09 EPS for the current year.
In other Pandora Media news, General Counsel Stephen G. Bene sold 7,967 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $40,711.37. Following the completion of the sale, the general counsel now directly owns 330,865 shares of the company’s stock, valued at approximately $1,690,720.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher W. Phillips sold 9,988 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $51,038.68. Following the sale, the insider now directly owns 413,884 shares of the company’s stock, valued at $2,114,947.24. The disclosure for this sale can be found here. Insiders sold a total of 116,389 shares of company stock valued at $567,987 over the last ninety days. 2.59% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. purchased a new position in Pandora Media in the second quarter valued at approximately $109,000. Fox Run Management L.L.C. purchased a new position in Pandora Media in the third quarter valued at approximately $111,000. Symmetry Peak Management LLC purchased a new position in Pandora Media in the second quarter valued at approximately $112,000. Aperio Group LLC purchased a new position in Pandora Media in the second quarter valued at approximately $115,000. Finally, Bourgeon Capital Management LLC purchased a new position in Pandora Media in the third quarter valued at approximately $115,000.
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Pandora Media Company Profile
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, car 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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