Media headlines about Pandora Media (NYSE:P) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pandora Media earned a news impact score of 0.19 on Accern’s scale. Accern also assigned press coverage about the Internet radio service an impact score of 46.411585383264 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
P has been the topic of a number of research reports. Vetr cut Pandora Media from a “buy” rating to a “hold” rating and set a $5.06 price objective on the stock. in a report on Monday, February 5th. TD Securities reissued a “hold” rating on shares of Pandora Media in a report on Thursday, November 23rd. Morgan Stanley cut Pandora Media from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $12.00 to $6.00 in a report on Monday, January 8th. BMO Capital Markets raised Pandora Media from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $11.00 to $7.00 in a report on Thursday, November 16th. Finally, Evercore ISI initiated coverage on Pandora Media in a report on Tuesday, December 5th. They set an “in-line” rating and a $5.50 price objective on the stock. Three analysts have rated the stock with a sell rating, twenty-six have given a hold rating and eleven have issued a buy rating to the stock. Pandora Media has a consensus rating of “Hold” and an average price target of $9.14.
Shares of Pandora Media (NYSE:P) opened at $4.80 on Wednesday. The firm has a market capitalization of $1,197.95, a P/E ratio of -2.08 and a beta of -0.38. Pandora Media has a 1 year low of $4.09 and a 1 year high of $12.42. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.03 and a quick ratio of 4.03.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.14). The business had revenue of $395.00 million during 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%. Pandora Media’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.13) earnings per share. equities research analysts anticipate that Pandora Media will post -1 earnings per share for the current year.
In other news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total value of $375,432.39. Following the sale, the chief executive officer now directly owns 701,607 shares in the company, valued at approximately $3,346,665.39. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO David Gerbitz sold 10,135 shares of Pandora Media stock in a transaction that occurred on 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 sale, the chief operating officer now owns 510,276 shares in the company, valued at $2,587,099.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,204 shares of company stock worth $606,102. Corporate insiders own 2.59% of the company’s stock.
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.