Pandora Media (P) Stock Rating Upgraded by ValuEngine

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Pandora Media (NYSE:P) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Pandora Media from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research note on Saturday, August 4th. Wedbush set a $10.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a research note on Wednesday, August 1st. Canaccord Genuity set a $10.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a research note on Wednesday, August 1st. Susquehanna Bancshares lifted their price target on shares of Pandora Media from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 1st. Finally, BMO Capital Markets lifted their price target on shares of Pandora Media from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Pandora Media presently has an average rating of “Buy” and an average target price of $7.85.

NYSE P opened at $8.83 on Tuesday. Pandora Media has a 12 month low of $4.09 and a 12 month high of $9.37. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 2.76. The company has a market cap of $2.46 billion, a P/E ratio of -7.17 and a beta of -0.49.

Pandora Media (NYSE:P) last posted its quarterly earnings data on Tuesday, July 31st. The Internet radio service reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.12. Pandora Media had a negative net margin of 24.14% and a negative return on equity of 243.61%. The business had revenue of $384.79 million for the quarter, compared to analyst estimates of $373.61 million. sell-side analysts predict that Pandora Media will post -0.95 EPS for the current fiscal year.

In related news, General Counsel Stephen G. Bene sold 27,208 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $8.16, for a total value of $222,017.28. Following the completion of the transaction, the general counsel now owns 577,033 shares of the company’s stock, valued at approximately $4,708,589.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen Sammis Walker sold 16,528 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $8.11, for a total transaction of $134,042.08. Following the completion of the transaction, the insider now directly owns 701,007 shares of the company’s stock, valued at approximately $5,685,166.77. The disclosure for this sale can be found here. Insiders sold a total of 180,890 shares of company stock valued at $1,461,155 in the last ninety days. Company insiders own 0.43% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its stake in shares of Pandora Media by 19.0% during the 1st quarter. Global X Management Co. LLC now owns 361,462 shares of the Internet radio service’s stock valued at $1,818,000 after buying an additional 57,620 shares during the period. SG Americas Securities LLC boosted its stake in shares of Pandora Media by 188.0% during the 1st quarter. SG Americas Securities LLC now owns 700,484 shares of the Internet radio service’s stock valued at $3,523,000 after buying an additional 457,276 shares during the period. Trexquant Investment LP acquired a new stake in shares of Pandora Media during the 1st quarter valued at $1,010,000. Balter Liquid Alternatives LLC boosted its stake in shares of Pandora Media by 262.5% during the 1st quarter. Balter Liquid Alternatives LLC now owns 41,689 shares of the Internet radio service’s stock valued at $210,000 after buying an additional 30,188 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Pandora Media by 5.4% during the 1st quarter. Swiss National Bank now owns 423,600 shares of the Internet radio service’s stock valued at $2,131,000 after buying an additional 21,700 shares during the period.

Pandora Media Company Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

Further Reading: Fundamental Analysis and Individual Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Pandora Media (NYSE:P)

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