Media stories about Pandora Media (NYSE:P) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. 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 0.19 on Accern’s scale. Accern also assigned media stories about the Internet radio service an impact score of 46.411585383264 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
P has been the subject of a number of analyst reports. Zacks Investment Research raised Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. BMO Capital Markets raised Pandora Media from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $11.00 to $7.00 in a research report on Thursday, November 16th. Vetr lowered Pandora Media from a “strong-buy” rating to a “buy” rating and set a $5.06 price target for the company. in a research report on Tuesday, January 30th. Wedbush set a $12.00 target price on Pandora Media and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, B. Riley decreased their target price on Pandora Media from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.14.
Pandora Media (P) opened at $4.80 on Wednesday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a market capitalization of $1,197.95, a price-to-earnings ratio of -2.08 and a beta of -0.38. Pandora Media has a 12 month low of $4.09 and a 12 month high of $12.42.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.14). The firm had revenue of $395.00 million for the quarter, compared to the consensus estimate of $376.79 million. Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.13) EPS. research analysts forecast that Pandora Media will post -1 earnings per share for the current fiscal year.
In other Pandora Media news, insider Kristen Robinson sold 11,403 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,813.21. Following the completion of the transaction, the insider now owns 487,526 shares in the company, valued at approximately $2,471,756.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO David Gerbitz sold 10,135 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $51,384.45. Following the completion of the transaction, the chief operating officer now owns 510,276 shares of the company’s stock, valued at approximately $2,587,099.32. The disclosure for this sale can be found here. Insiders have sold a total of 124,204 shares of company stock valued at $606,102 in the last quarter. 2.59% of the stock is owned by corporate 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.