Shares of Pandora Media, Inc. (NYSE:P) reached a new 52-week low during trading on Friday . The stock traded as low as $5.44 and last traded at $0.00, with a volume of shares traded.

Several analysts have commented on P shares. Zacks Investment Research cut shares of Pandora Media from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Piper Jaffray Companies set a $13.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a research note on Friday, October 6th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Pandora Media in a research note on Thursday, September 14th. KeyCorp reissued a “hold” rating on shares of Pandora Media in a research note on Thursday, September 7th. Finally, ValuEngine cut shares of Pandora Media from a “sell” rating to a “strong sell” rating in a research note on Friday, September 22nd. Three research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.24.

The company has a debt-to-equity ratio of 1.65, a current ratio of 3.02 and a quick ratio of 3.02.

Pandora Media (NYSE:P) last posted its earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 63.80%. The firm had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. Pandora Media’s quarterly revenue was up 7.6% on a year-over-year basis. sell-side analysts forecast that Pandora Media, Inc. will post -1.04 EPS for the current year.

In other Pandora Media news, insider Christopher W. Phillips sold 10,322 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total value of $86,911.24. Following the completion of the transaction, the insider now owns 423,872 shares in the company, valued at approximately $3,569,002.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David Gerbitz sold 9,959 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $83,854.78. Following the completion of the transaction, the executive vice president now owns 355,607 shares of the company’s stock, valued at approximately $2,994,210.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,366 shares of company stock valued at $564,822. 2.59% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of P. UBS Asset Management Americas Inc. boosted its holdings in shares of Pandora Media by 23.4% in the first quarter. UBS Asset Management Americas Inc. now owns 155,637 shares of the Internet radio service’s stock valued at $1,838,000 after acquiring an additional 29,487 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Pandora Media by 4.6% in the first quarter. Parametric Portfolio Associates LLC now owns 183,961 shares of the Internet radio service’s stock valued at $2,173,000 after acquiring an additional 8,143 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Pandora Media in the first quarter valued at approximately $446,000. FMR LLC boosted its holdings in shares of Pandora Media by 80.5% in the first quarter. FMR LLC now owns 2,105,894 shares of the Internet radio service’s stock valued at $24,871,000 after acquiring an additional 939,500 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Pandora Media by 145.8% in the first quarter. Legal & General Group Plc now owns 70,118 shares of the Internet radio service’s stock valued at $828,000 after acquiring an additional 41,597 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: “Pandora Media, Inc. (P) Hits New 52-Week Low at $5.44” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/pandora-media-inc-p-hits-new-52-week-low-at-5-44/1679776.html.

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.

Receive News & Ratings for Pandora Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.