Economy

Pandora Media's (P) Underweight Rating Reaffirmed at Pacific Crest

Pandora Media's (P) Underweight Rating Reaffirmed at Pacific Crest

The recent session has given its stock price a positive 5.63% lead over its 52-week low and showed declining move of -65.82% over its 52-week high. These shares are worth $375,432 and were traded at $4.77 each.

Pandora Media, Inc. provides Internet music platform services in North America. (P) it is observed that P reported a decrease of -3.10% return in last trading session. About 14,592 shares traded. 4 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

It closed at $3.73 lastly. Comerica Securities Inc owns 27,302 shares for 0.65% of their portfolio. It has outperformed by 31.98% the S&P500.

Since August 16, 2017, it had 0 buys, and 6 selling transactions for $619,764 activity.

If we look at the Volatility of Pandora Media, Inc. (NYSE:P) was sold by Trimble John on Wednesday, August 16. Over the last quarter, insiders sold 116,389 shares of company stock worth $567,987. (NYSE:P) was sold by Phillips Christopher W on Wednesday, August 16. (NYSE:P) on Wednesday, August 16.

In a research note issued to clients and investors this morning, BMO Capital reaffirmed their "Hold" rating on Pandora Media (NYSE:P) shares. Therefore 32% are positive. Pandora Media had a negative net margin of 24.77% and a negative return on equity of 40.86%. The firm has "Mkt Perform" rating by FBR Capital given on Thursday, December 17. As per Friday, October 23, the company rating was downgraded by Pacific Crest.

More news: Brandywine Global Investment Management LLC Maintains Holding in Cisco Sys INC (CSCO)

A number of equities research analysts have recently commented on the stock. The rating was upgraded by BMO Capital Markets on Thursday, November 16 to "Outperform". On Friday, May 19 the stock rating was downgraded by Macquarie Research to "Neutral". Nordea Investment Management AB purchased a new stake in Pandora Media in the second quarter valued at approximately $14,821,000. The rating was maintained by Needham on Monday, October 23 with "Buy". (NYSE:P), with 8 analysts believing it is a strong buy.

Investors sentiment decreased to 0.92 in Q3 2017.

Pandora Media Inc (NYSE:P)'s trailing twelve month revenues are $1.46 Billion, whereas its price to sales ratio for the same period is 0.84.

Pandora Media, Inc. (P) performance during the last one year degraded -64.59 percent, while its year to date (YTD) performance showed a negative trend of -64.19 percent. The average volume was noted at 10.38 million shares and its relative volume was seen at 0.70. Welch Capital Prtn Ltd Company invested in 817,230 shares. Oz Management Ltd Partnership invested 0.09% of its portfolio in Pandora Media, Inc. (NYSE:P). Price T Rowe Associate Md stated it has 452,390 shares or 0% of all its holdings. On average, equities analysts predict that Pandora Media will post ($0.42) EPS for the current fiscal year. (NYSE:P) or 6,528 shares. Northwestern Mutual Wealth Com accumulated 15,015 shares. Barclays Public Ltd Com holds 0% or 321,604 shares. Prelude Cap Mngmt Llc holds 42,609 shares or 0.03% of its portfolio. $55,065 worth of Pandora Media, Inc. It also reduced Twitter Inc (Call) (NYSE:TWTR) stake by 230,000 shares and now owns 500,000 shares. Lpl Financial Ltd Liability Com invested in 0% or 27,570 shares. Sector Pension Invest Board invested in 1.50M shares. Gilder Gagnon Howe & Co Limited Liability Company holds 13,525 shares. Corvex Mgmt LP has invested 3.3% in Pandora Media, Inc. (NYSE:P). Cubist Systematic Strategies Ltd invested in 242,250 shares. Finally, State Street Corp boosted its stake in Pandora Media by 0.9% in the fourth quarter. Following the completion of the sale, the executive vice president now directly owns 250,626 shares in the company, valued at approximately $3,278,188.08. Bronson Point Mgmt Ltd stated it has 950,200 shares or 2.35% of all its holdings. Microsoft Corp (NASDAQ:MSFT) was reduced too. The stock's market capitalization is $2.36 billion. The firm also offers multifamily, farmland, and commercial real estate loans; loans for the construction of commercial projects, and single family residential and multifamily properties; commercial and industrial loans, including working capital lines of credit and equipment loans; consumer loans comprising secured and unsecured installment and term loans, second mortgages, and home equity loans and lines of credit, as well as auto loans; and one-to-four family residential real estate loans consisting of second and other mortgage loans. Pandora Media had 140 analyst reports since July 24, 2015 according to SRatingsIntel. Investar had 4 analyst reports since August 26, 2016 according to SRatingsIntel. The firm earned "Sell" rating on Wednesday, August 5 by Vetr. As per Thursday, December 17, the company rating was maintained by Axiom Capital.

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