Can Pandora Media, Inc. (P)’s Tomorrow Be Different? The Stock Increases Again

February 15, 2018 - By Nellie Frank

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.40, from 1.32 in 2017Q2. It fall, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.
Laurion Cap Mngmt L P holds 0.01% in Pandora Media, Inc. (NYSE:P) or 315,639 shares. Bourgeon Cap Mngmt Ltd Limited Liability Company invested 0.07% in Pandora Media, Inc. (NYSE:P). Canada Pension Plan Investment Board has invested 0% in Pandora Media, Inc. (NYSE:P). 363,793 are owned by California State Teachers Retirement System. 2.54M are owned by Morgan Stanley. Shannon River Fund Management Ltd Liability invested in 534,200 shares. Panagora Asset Mngmt reported 13,857 shares. Raymond James Fincl Services Incorporated holds 39,420 shares or 0% of its portfolio. Prudential Fincl Inc holds 0% in Pandora Media, Inc. (NYSE:P) or 12,275 shares. Point72 Asia (Hong Kong) Limited holds 19,354 shares. Omni Llp has 26,001 shares. Stoneridge Investment Partners Limited Com reported 0.03% stake. Sg Americas Limited Co owns 4.51M shares or 0.3% of their US portfolio. Tower Rech Capital Ltd Liability Co (Trc) holds 0.01% or 14,809 shares. Clear Harbor Asset Ltd Liability Company has invested 0.18% in Pandora Media, Inc. (NYSE:P).

Since August 16, 2017, it had 0 insider purchases, and 1 sale for $250,075 activity. Another trade for 9,959 shares valued at $83,878 was sold by GERBITZ DAVID. On Wednesday, August 16 the insider Trimble John sold $88,830. The insider BENE STEPHEN G sold $55,065. Robinson Kristen sold $54,981 worth of stock or 6,528 shares.

The stock of Pandora Media, Inc. (NYSE:P) is a huge mover today! The stock increased 4.49% or $0.22 during the last trading session, reaching $5.12. About 13.60 million shares traded or 50.20% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 15, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.
The move comes after 9 months positive chart setup for the $1.27B company. It was reported on Feb, 15 by Barchart.com. We have $5.43 PT which if reached, will make NYSE:P worth $76.44 million more.

Pandora Media, Inc. (NYSE:P) Ratings Coverage

Among 38 analysts covering Pandora Media (NYSE:P), 11 have Buy rating, 2 Sell and 25 Hold. Therefore 29% are positive. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Neutral” rating and $14 target in Monday, October 17 report. BMO Capital Markets maintained Pandora Media, Inc. (NYSE:P) on Tuesday, August 1 with “Market Perform” rating. Suntrust Robinson downgraded Pandora Media, Inc. (NYSE:P) on Monday, January 4 to “Neutral” rating. Canaccord Genuity maintained Pandora Media, Inc. (NYSE:P) rating on Tuesday, September 5. Canaccord Genuity has “Buy” rating and $14.0 target. The firm has “Buy” rating by Canaccord Genuity given on Friday, March 31. The company was downgraded on Friday, October 23 by RBC Capital Markets. The rating was downgraded by Barrington Research on Tuesday, January 3 to “Mkt Perform”. On Friday, July 22 the stock rating was downgraded by Pacific Crest to “Underweight”. The firm earned “Overweight” rating on Friday, July 24 by Albert Fried. The rating was maintained by Macquarie Research with “Hold” on Monday, June 5.

More important recent Pandora Media, Inc. (NYSE:P) news were published by: Zacks.com which released: “Options Traders Expect Huge Moves in Pandora Media (P) Stock February 05, 2018” on February 05, 2018, also Prnewswire.com published article titled: “Free Research Reports on These Radio Broadcasters Stocks — Entercom …”, Investorplace.com published: “Pandora Media Inc Stock Could Get a Buyout Boost” on January 22, 2018. More interesting news about Pandora Media, Inc. (NYSE:P) was released by: Marketwatch.com and their article: “Pandora hatches plan to save $45 million, expand in Atlanta” with publication date: January 31, 2018.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.27 billion. The firm allows its listeners to create personalized stations to access music and comedy catalogs, as well as personalized playlist generating system; and offers Pandora Plus and Pandora Premium, a paid subscription service to listeners. It currently has negative earnings. Pandora Media, Inc. also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms.

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