Pandora Media (P) Shares Gap Down to $4.83
Pandora Media Inc (NYSE:P) gapped down before the market opened on Wednesday . The stock had previously closed at $4.90, but opened at $4.83. Pandora Media shares last traded at $4.87, with a volume of 2914580 shares trading hands.
Several equities research analysts recently weighed in on P shares. JPMorgan Chase & Co. lowered Pandora Media from an “overweight” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Friday, November 3rd. Zacks Investment Research upgraded Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Stifel Nicolaus set a $12.00 price target on Pandora Media and gave the company a “buy” rating in a research report on Tuesday, October 31st. BMO Capital Markets upgraded Pandora Media from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $11.00 to $7.00 in a research report on Thursday, November 16th. Finally, B. Riley lowered Pandora Media from a “buy” rating to a “neutral” rating and dropped their price target for the company from $11.00 to $8.00 in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Pandora Media presently has an average rating of “Hold” and an average target price of $10.13.
The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.
Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. purchased a new stake in Pandora Media during the second quarter valued at $109,000. Fox Run Management L.L.C. purchased a new stake in Pandora Media during the third quarter valued at $111,000. Bourgeon Capital Management LLC purchased a new stake in Pandora Media during the third quarter valued at $115,000. Boothbay Fund Management LLC purchased a new stake in Pandora Media during the third quarter valued at $180,000. Finally, Aperio Group LLC increased its position in Pandora Media by 90.6% during the third quarter. Aperio Group LLC now owns 24,550 shares of the Internet radio service’s stock valued at $189,000 after acquiring an additional 11,673 shares during the last quarter.
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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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