Pandora Media Sees Unusually Large Options Volume (P)

William Blair reiterated an “outperform” rating on shares of Pandora Media in a report on Tuesday, May 9th.

Pandora Media, Inc. (P) now has a Return on Assets (ROA) value of -30.8 Percent.

Pandora Media Inc (NYSE:P)’s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued on Wednesday, April 19th. Davidson Kempner Cap Mgmt Limited Partnership has invested 0.68% in Pandora Media Inc (NYSE:P). Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Royal Bancorp Of Canada holds 0% of its portfolio in Pandora Media Inc (NYSE:P) for 654,965 shares.

Shares of Pandora Media (NYSE:P) traded down 0.32% during midday trading on Tuesday, reaching $9.39. (NYSE:P) was down -4.49% during the last trading session, with a day high of 9.32. (P) has a trading volume of 22.69 Million shares, with an average trading volume of 20890 shares – with shares dropping to a 52 week low of $8.92, and the company’s shares hitting a 52 week high of $ 14.98. The Market Capitalization of the company stands at 2.08 Billion. Morgan Stanley maintained Pandora Media Inc (NYSE:P) rating on Tuesday, February 9. The Internet radio service reported ($0.37) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.13. Pandora Media had a negative return on equity of 40.86% and a negative net margin of 24.77%. However a year ago for the same quarter the company has reported $0.2 EPS. Pandora Media’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Pandora Media will post ($0.52) earnings per share for the current year.

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03/14/2017 – Pandora Media, Inc. had its “buy” rating reiterated by analysts at Aegis Capital. The stock was sold at an average price of $9.38, for a total value of $76,006.14. Over the last 90 days, insiders sold 71,384 shares of company stock valued at $746,943. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Gerbitz sold 8,103 shares of the business’s stock in a transaction on Tuesday, May 16th. Following the completion of the transaction, the insider now owns 300,311 shares of the company’s stock, valued at $3,624,753.77. The disclosure for this sale can be found here. Before we dive into the analysis, we will look at the stock returns for each company over the last three months, six months and the a year ago.

Institutional investors have recently made changes to their positions in the stock.

Pandora Media Inc (NYSE:P)’s revenue estimates for the current quarter are $369.31 Million according to 25 number of analysts, for the current quarter the company has high revenue estimates of $374.17 Million in contradiction of low revenue estimates of $361.87 Million. For the next 5 years, Pandora Media, expecting Growth of 36.37% per annum, whereas in the past 5 years the growth was 22.47% per annum. Park West Asset Management LLC now owns 1,000,000 shares of the Internet radio service’s stock valued at $11,810,000 after buying an additional 896,184 shares during the period.

Several hedge funds have recently bought and sold shares of P. Matrix Capital Management Company LP bought a new stake in Pandora Media during the third quarter valued at approximately $325,962,000. The firm owned 17,500 shares of the Internet radio service’s stock at the end of the first quarter. $57,814 worth of Pandora Media Inc (NYSE:P) shares were sold by BENE STEPHEN G. Franklin Resources Inc. now owns 13,315 shares of the Internet radio service’s stock worth $174,000 after buying an additional 1,190 shares during the last quarter. Finally, National Asset Management Inc. bought a new position in Pandora Media during the third quarter worth $171,000. Profund Advisors LLC now owns 77,426 shares of the Internet radio service’s stock valued at $1,110,000 after buying an additional 413 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Pandora Media by 9.8% in the fourth quarter. 17,062 are held by Teacher Retirement Systems Of Texas.

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.