Pandora Media Inc. (NYSE:P) insider Kristen Robinson sold 43,411 shares of Pandora Media stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $7.44, for a total value of $322,977.84. Following the completion of the transaction, the insider now directly owns 742,416 shares in the company, valued at $5,523,575.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
P stock traded down $0.02 during trading on Friday, hitting $7.39. The company had a trading volume of 4,346,828 shares, compared to its average volume of 10,601,927. The company has a debt-to-equity ratio of 6.15, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -5.96 and a beta of -0.59. Pandora Media Inc. has a fifty-two week low of $4.09 and a fifty-two week high of $9.98.
Get Pandora Media alerts:Pandora Media (NYSE:P) last announced its quarterly earnings results on Thursday, May 3rd. The Internet radio service reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.11. The business had revenue of $319.20 million for the quarter, compared to analyst estimates of $304.43 million. Pandora Media had a negative return on equity of 198.06% and a negative net margin of 37.21%. Pandora Media’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.24) EPS. research analysts anticipate that Pandora Media Inc. will post -0.89 earnings per share for the current year.
Several research analysts have commented on P shares. Zacks Investment Research raised Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. SunTrust Banks raised Pandora Media from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Friday, May 4th. Wedbush set a $8.00 price objective on Pandora Media and gave the stock a “buy” rating in a report on Monday, April 30th. Vetr lowered Pandora Media from a “strong-buy” rating to a “buy” rating and set a $5.06 price objective on the stock. in a report on Tuesday, January 30th. Finally, Credit Suisse Group lifted their price objective on Pandora Media from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, May 4th. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $8.54.
Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Pandora Media in the 4th quarter valued at $106,000. EastBay Asset Management LLC acquired a new stake in Pandora Media in the 4th quarter valued at $29,127,000. California State Teachers Retirement System boosted its stake in Pandora Media by 5.3% in the fourth quarter. California State Teachers Retirement System now owns 383,063 shares of the Internet radio service’s stock worth $1,846,000 after purchasing an additional 19,270 shares in the last quarter. Price Michael F boosted its stake in Pandora Media by 67.5% in the fourth quarter. Price Michael F now owns 335,000 shares of the Internet radio service’s stock worth $1,615,000 after purchasing an additional 135,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Pandora Media by 83.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,256,191 shares of the Internet radio service’s stock worth $6,055,000 after purchasing an additional 571,500 shares in the last quarter.
Pandora Media Company Profile
Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.
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