Pandora Media (P) Given News Sentiment Rating of 0.13
Headlines about Pandora Media (NYSE:P) have trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pandora Media earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the Internet radio service an impact score of 45.8631975916699 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Ws Management Lllp Marginally Raises Its Stake in Pandora Media, Inc. (P) Stock Last Quarter – Modern Readers (modernreaders.com)
- Ws Management Lllp Buys A Little More Pandora Media, Inc. (P) Stock – Modern Readers (modernreaders.com)
- Pandora Media, Inc. (P) Insider FAXON ROGER bought 21669 Shares Of Stock – Economic News (economicsandmoney.com)
- Sls Management Llc Buys Pandora Media Inc, Liberty Global PLC, Charter Communications Inc, Sells Ralph Lauren … – GuruFocus.com (gurufocus.com)
- Sls Management Llc Buys Pandora Media Inc, Liberty Global PLC, Charter Communications Inc, … – Nasdaq (nasdaq.com)
Shares of Pandora Media (NYSE P) traded up 1.13% during trading on Friday, hitting $8.08. 8,626,631 shares of the company’s stock were exchanged. The firm’s market capitalization is $1.96 billion. Pandora Media has a 1-year low of $6.76 and a 1-year high of $14.98. The stock’s 50 day moving average is $8.93 and its 200 day moving average is $10.48.
Pandora Media (NYSE:P) last released its quarterly earnings results on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.08. Pandora Media had a negative net margin of 73.01% and a negative return on equity of 343.31%. The business had revenue of $376.83 million for the quarter, compared to analyst estimates of $367.51 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that Pandora Media will post ($0.50) earnings per share for the current year.
Several brokerages have recently weighed in on P. B. Riley reiterated a “buy” rating and set a $15.00 target price on shares of Pandora Media in a research note on Tuesday, May 9th. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of Pandora Media in a research note on Tuesday, August 1st. BMO Capital Markets reiterated a “market perform” rating and set a $11.00 target price (down previously from $12.00) on shares of Pandora Media in a research note on Tuesday, August 1st. Canaccord Genuity reiterated a “buy” rating and set a $14.00 target price (down previously from $15.00) on shares of Pandora Media in a research note on Tuesday, August 1st. Finally, MKM Partners reiterated a “neutral” rating and set a $10.00 target price on shares of Pandora Media in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.07.
In related news, General Counsel Stephen G. Bene sold 6,161 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total transaction of $57,790.18. Following the transaction, the general counsel now directly owns 272,060 shares of the company’s stock, valued at $2,551,922.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael S. Herring sold 11,730 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total transaction of $110,027.40. Following the transaction, the president now directly owns 548,230 shares in the company, valued at $5,142,397.40. The disclosure for this sale can be found here. Insiders have sold 40,642 shares of company stock worth $381,554 in the last 90 days. 2.59% of the stock is owned by company insiders.
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.
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