Pandora Media (P) Getting Somewhat Positive Media Coverage, Accern Reports
Media headlines about Pandora Media (NYSE:P) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pandora Media earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news articles about the Internet radio service an impact score of 45.897624497442 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- New WWRS 2018 Session: Apple, Pandora, Spotify, SiriusXM, Station Apps & More – Curating Playlists For Millennials (allaccess.com)
- Head-To-Head Comparison: Pandora Media (P) and Beasley Broadcast Group (BBGI) (americanbankingnews.com)
- Don’t Turn Up the Volume on Pandora Media Inc Stock (investorplace.com)
- Pandora Media, Inc., (NYSE: P) – Hot Mover of the Day – Stocks … – Stock Watch (stocksnewstimes.com)
- Pandora CEO Roger Lynch: Pandora is well positioned for i… (finance.yahoo.com)
Shares of Pandora Media (NYSE P) opened at $4.59 on Tuesday. The company has a market cap of $1,140.00, a PE ratio of -1.84 and a beta of -0.25. Pandora Media has a fifty-two week low of $4.44 and a fifty-two week high of $13.72. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58.
Pandora Media (NYSE:P) last released its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $378.60 million for the quarter, compared to the consensus estimate of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. analysts forecast that Pandora Media will post -1.09 EPS for the current year.
Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of Pandora Media from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. FBR & Co reaffirmed a “buy” rating and issued a $11.00 target price on shares of Pandora Media in a report on Monday, September 25th. Zacks Investment Research downgraded shares of Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Piper Jaffray Companies set a $13.00 target price on shares of Pandora Media and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Wedbush set a $15.00 target price on shares of Pandora Media and gave the company a “buy” rating in a report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.45.
In other Pandora Media news, EVP David Gerbitz sold 9,523 shares of Pandora Media stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $48,662.53. Following the completion of the transaction, the executive vice president now owns 316,084 shares in the company, valued at $1,615,189.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $4.77, for a total transaction of $375,432.39. Following the transaction, the chief executive officer now owns 701,607 shares of the company’s stock, valued at approximately $3,346,665.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,389 shares of company stock valued at $567,987. 2.59% of the stock is currently owned by company insiders.
About Pandora Media
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media and related companies with MarketBeat.com's FREE daily email newsletter.