Wedbush reissued a "buy" rating on shares of Pandora Media in a report on Wednesday, July 26th.
The most current P/E ratio is N/A and the market value is 1.18B. Stifel Nicolaus cut Pandora Media from a buy rating to a hold rating and decreased their price target for the company from $12.00 to $8.00 in a report on Friday, November 3rd. Credit Suisse Group reaffirmed a "neutral" rating and set a $8.95 target price (up from $8.55) on shares of Pandora Media in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus target price of $11.24. Pandora Media Inc (NYSE:P)'s price sits -38.17% off from its 50-day moving average of $7.24 and -51.05% away from the stock's 200-day moving average which is $8.43.
The company's quick ratio for most recent quarter is 4.2 along with current ratio for most recent quarter of 4.2.
Pandora Media, Inc. (NYSE:P) gross margin percentage stands at 33.5% while its operating margin for the past trailing twelve month is -36.4 percent and its overall profit margin (ttm) is -40.7 Percent.
Having a peek at growth estimates of the company, Pandora Media Inc (NYSE:P) has current quarter growth estimates of 46.2% however it has 8.3% estimations over growth for the next quarter. The Internet radio service reported ($0.07) EPS for the quarter, missing the Zacks' consensus estimate of ($0.06) by $0.01.
Several equities analysts have weighed in on the company. During the same period in the prior year, the firm earned $0.10 EPS. The company earned $351.90 million during the quarter, compared to analysts' expectations of $1.40 billion. Downgrades Pandora Media, Inc. "(P) Given Buy Rating at Piper Jaffray Companies" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this report on another site, it was stolen and republished in violation of United States & global copyright & trademark law. Also, EVP David Gerbitz sold 9,959 shares of the company's stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $13.02, for a total value of $26,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
In other news, General Counsel Stephen G. Bene sold 6,538 shares of the stock in a transaction that occurred on Wednesday, August 16th. Following the completion of the transaction, the executive vice president now directly owns 355,607 shares of the company's stock, valued at $2,994,210.94. The disclosure for this sale can be found here. Insiders sold 67,366 shares of company stock worth $564,822 over the last ninety days.
Shares of Pandora Media Inc (NYSE:P) now have an Average Brokerage Recommendation of 2.46, number of Recs in ABR is 24 while industry rank of the company by ABR is out of 265. Cowen Inc. now owns 69,500 shares of the Internet radio service's stock valued at $535,000 after purchasing an additional 28,700 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Pandora Media in the 2nd quarter valued at $10,047,000. Symmetry Peak Management LLC bought a new position in shares of Pandora Media in the second quarter worth $112,000.
Wall Street analysts are predicting that Pandora Media Inc (NYSE:P) will report earnings per share of $-0.07 in their quarterly report.
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, vehicle speakers or live on stage. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio.