Pandora Media (P) Receiving Somewhat Positive Press Coverage, Report Finds
Media headlines about Pandora Media (NYSE:P) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pandora Media earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the Internet radio service an impact score of 44.9099049066743 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Pandora to buy ad-tech companies within two months: report (finance.yahoo.com)
- Key to Pandora’s turnaround: a better advertising platform (finance.yahoo.com)
- Why Pandora Media, Inc. Stock Fell 32% in November (fool.com)
- Pandora Media (P) Research Coverage Started at Evercore ISI (americanbankingnews.com)
Several research firms have weighed in on P. Wells Fargo & Company reissued a “hold” rating on shares of Pandora Media in a research report on Tuesday, August 15th. Stifel Nicolaus set a $12.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a report on Tuesday, August 15th. FBR & Co reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Pandora Media in a report on Tuesday, August 15th. BidaskClub upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Morgan Stanley restated an “overweight” rating and set a $12.00 price objective on shares of Pandora Media in a research report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Pandora Media currently has an average rating of “Hold” and an average target price of $10.94.
Pandora Media (P) opened at $5.03 on Tuesday. 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 has a 52-week low of $4.44 and a 52-week high of $13.77.
Pandora Media (NYSE:P) last issued its earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The firm had revenue of $378.60 million for the quarter, compared to analyst estimates of $380.54 million. During the same period last year, the company earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. equities analysts anticipate that Pandora Media will post -1.09 EPS for the current year.
In other news, General Counsel Stephen G. Bene sold 7,967 shares of Pandora Media stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $40,711.37. Following the sale, the general counsel now owns 330,865 shares of the company’s stock, valued at approximately $1,690,720.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher W. Phillips sold 9,988 shares of Pandora Media stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $51,038.68. Following the sale, the insider now directly owns 413,884 shares in the company, valued at approximately $2,114,947.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,682 shares of company stock valued at $192,555. Company insiders own 2.59% of the company’s stock.
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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.
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