Media coverage about Pandora Media (NYSE:P) has been trending somewhat positive on Tuesday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pandora Media earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the Internet radio service an impact score of 92 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Pandora CEO Tim Westergren departs (marketbeat.com)
- BRIEF-Pandora Media’s CEO Tim Westergren to step down (feeds.reuters.com)
- -$0.39 EPS Expected for Pandora Media, Inc. (P) This Quarter (americanbankingnews.com)
- Pandora’s stock rallies toward 5th-straight gain after report of CEO stepping down, upgrade (marketwatch.com)
A number of research analysts have recently commented on P shares. Aegis reiterated a “buy” rating on shares of Pandora Media in a report on Wednesday, March 15th. Canaccord Genuity restated a “buy” rating and issued a $18.00 target price on shares of Pandora Media in a research note on Thursday, March 30th. B. Riley restated a “buy” rating and issued a $15.00 target price on shares of Pandora Media in a research note on Tuesday, May 9th. Stifel Nicolaus restated a “buy” rating and issued a $15.00 target price on shares of Pandora Media in a research note on Wednesday, April 19th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on Pandora Media from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.31.
Pandora Media (NYSE P) traded down 0.887% during trading on Tuesday, hitting $8.385. The stock had a trading volume of 3,790,606 shares. Pandora Media has a 52 week low of $6.76 and a 52 week high of $14.98. The company has a 50-day moving average of $9.05 and a 200-day moving average of $11.55. The stock’s market capitalization is $2.02 billion. Pandora Media also saw unusually large options trading on Monday. Stock investors purchased 8,017 call options on the company. This represents an increase of approximately 203% compared to the average volume of 2,643 call options.
Pandora Media (NYSE:P) last released its quarterly earnings results on Monday, May 8th. The Internet radio service reported ($0.37) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.13. Pandora Media had a negative return on equity of 45.15% and a negative net margin of 25.66%. The business had revenue of $316 million for the quarter, compared to the consensus estimate of $318.15 million. During the same quarter last year, the business posted ($0.20) earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities analysts expect that Pandora Media will post ($0.51) earnings per share for the current fiscal year.
In other Pandora Media news, General Counsel Stephen G. Bene sold 6,161 shares of Pandora Media stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $9.38, for a total transaction of $57,790.18. Following the sale, the general counsel now directly owns 272,060 shares of the company’s stock, valued at approximately $2,551,922.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael S. Herring sold 11,730 shares of Pandora Media stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total value of $110,027.40. Following the sale, the president now directly owns 548,230 shares in the company, valued at $5,142,397.40. The disclosure for this sale can be found here. Insiders have sold 43,642 shares of company stock worth $411,284 in the last 90 days. Company insiders own 6.64% of the company’s stock.
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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.
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