Economy

Analysts Recommendations Pandora Media, Inc. (P)

Analysts Recommendations Pandora Media, Inc. (P)

The stock of Pandora Media, Inc. Morgan Stanley's price target indicates a potential upside of 31.58% from the company's previous close. ValuEngine lowered Pandora Media from a "sell" rating to a "strong sell" rating in a research report on Friday, September 22nd. (NYSE:P) by some 54,076,886 shares, 121 decreased positions by 52,116,949 and 44 held positions by 191,586,664. Analysts reported that the Price Target for Pandora Media, Inc. might touch $12 high while the Average Price Target and Low price Target is $7.73 and $5.5 respectively. The average analysts gave this company a mean recommendation of 2.50. Piper Jaffray Companies set a $9.00 price objective on Pandora Media and gave the company a "buy" rating in a research report on Tuesday, December 12th.

Among 38 analysts covering Pandora Media (NYSE:P), 11 have Buy rating, 2 Sell and 25 Hold.

Pandora Media Inc (NYSE:P) has average revenue estimates of $376.33 Million, compared to low analyst estimates of $365.07 Million and high estimates of $395.97 Million for the current quarter. 8,983,200 shares of the stock were exchanged, compared to its average volume of 9,710,000. A year ago the company's sales were $392600 while its sales growth yearly estimates for the current quarter are -4.1%. The stock's 52-week range is $4.44 to $13.72, and its 3-month range is $4.44 to $8.26.

However out of 23 analysts 4 suggest Pandora Media Inc (NYSE:P) a Strong Buy, 6 suggested Buy, 19 Hold and 1 Sell, while 0 analysts recommend the stock a Strong Sell. Symmetry Peak Management LLC acquired a new position in Pandora Media during the 2nd quarter valued at approximately $112,000. SunTrust Banks also issued estimates for Pandora Media's Q4 2017 earnings at ($0.21) EPS, FY2017 earnings at ($1.12) EPS, Q1 2018 earnings at ($0.41) EPS, Q2 2018 earnings at ($0.27) EPS, Q3 2018 earnings at ($0.22) EPS, Q4 2018 earnings at ($0.18) EPS and FY2018 earnings at ($1.06) EPS.

The average Wall Street analyst rating for Pandora Media, Inc.is Hold, according to the average of 23 analyst scores.

While having a peek at profitability ratios Pandora Media Inc (NYSE:P) has trailing twelve month gross margin at 33.5%, its trailing twelve month operating margin stands at -36.4% whereas its trailing twelve month net profit margin spots at -40.7%. The business's quarterly revenue was up 7.6% compared to the same quarter previous year. US Bancorp DE raised its position in shares of Pandora Media by 0.8% in the second quarter.

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 shares were sold at an average price of $13.02, for a total value of $26,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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In the transaction dated November 16, 2017, the great number of shares disposed came courtesy the Chief Product Officer; Phillips Christopher W disposed a total of 9,988 shares at an average price of $5.11, amounting to approximately $51,039. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Sell" signal. Following the transaction, the chief executive officer now directly owns 701,607 shares in the company, valued at approximately $3,346,665.39. The disclosure for this sale can be found here.

Institutional investors now hold around $1.44 billion or 17.47% in P stock. (NYSE:P). Ariel Investments Limited Liability Corporation holds 0.09% or 995,427 shares in its portfolio.

The stock of Pandora Media, Inc. BlackRock Fund Advisors now owns 2,180,717 shares of the Internet radio service's stock worth $27,150,000 after buying an additional 147,404 shares in the last quarter. Omni Limited Liability Partnership owns 0.03% invested in Pandora Media, Inc. During the past three months the stock slid -42.29%, bringing six months performance to -50.55%. Nordea Investment Management AB bought a new position in Pandora Media during the 2nd quarter worth approximately $14,821,000. Northwestern Mutual Wealth Management Co. now owns 15,015 shares of the Internet radio service's stock valued at $134,000 after purchasing an additional 5,000 shares during the period.

A number of institutional investors have recently added to or reduced their stakes in P. SG Americas Securities LLC boosted its stake in Pandora Media by 1,179.5% during the 3rd quarter. Quinn Opportunity Partners LLC now owns 559,262 shares of the Internet radio service's stock valued at $4,989,000 after purchasing an additional 85,000 shares during the last quarter.

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

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with HIGH volatility.


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