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Principale » Short Interest in Pandora Media Inc (P) Grows By 17.5%

Short Interest in Pandora Media Inc (P) Grows By 17.5%

20 Juillet 2017

Currently Pandora Media Inc (NYSE:P)'s shares owned by insiders are 1.9%, whereas shares owned by institutional owners are 98.2%. Clearbridge Investments LLC now owns 1,442,865 shares of the Internet radio service's stock valued at $17,040,000 after buying an additional 1,439,059 shares in the last quarter.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Pandora Media, Inc. Its book value per share for the most recent quarter is $1.95 while its price to book ratio for the same period is 4.84, as for as the company's cash per share for the most recent quarter is $0.84, however its price to cash per share ratio for the same period is 11.18. Aperio Group LLC purchased a new position in Pandora Media during the second quarter valued at $115,000. Waldron LP purchased a new stake in shares of Pandora Media during the first quarter valued at $167,000. Virtu Financial LLC acquired a new stake in Pandora Media during the second quarter valued at approximately $121,000. Finally, Franklin Resources Inc. increased its stake in shares of Pandora Media by 9.8% in the fourth quarter. Waddell & Reed Financial Inc. now owns 13,919,032 shares of the Internet radio service's stock valued at $164,384,000 after buying an additional 1,156,593 shares in the last quarter.

Gabelli began coverage on shares of Pandora Media, Inc. The company's market capitalization is $2.30 billion.

Pandora Media Inc (NYSE:P) 52-week high price stands at $14.98 and low price stands at $6.76, its price distance from 52-week high is -36.98% while its distance from 52-week low price is 39.64%. Pandora Media, Inc. The company has a 50 day moving average of $8.54 and a 200-day moving average of $10.90.

Pandora Media (NYSE:P) traded down 1.26% during mid-day trading on Wednesday, reaching $9.44. The consensus mean EPS for the current quarter is at $-0.24 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings.

Returns and Valuations for Pandora Media, Inc. The business had revenue of $316 million during the quarter, compared to analyst estimates of $318.15 million. During the same quarter a year ago, the firm earned ($0.20) EPS.

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Several analysts have released their opinion on Pandora Media, Inc. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & global copyright and trademark law. The correct version of this article can be read at https://www.com-unik.info/2017/07/19/pandora-media-inc-p-position-maintained-by-beech-hill-advisors-inc.html. Nomura reduced their price objective on Pandora Media from $14.00 to $12.00 and set a "hold" rating on the stock in a research note on Tuesday, May 9th. Wedbush downgraded shares of Pandora Media from a "neutral" rating to a "market perform" rating and set a $15.00 price target for the company.in a research note on Monday, June 12th. Pacific Crest reiterated an "underweight" rating and issued a $9.00 target price on shares of Pandora Media in a research note on Tuesday, May 9th. Piper Jaffray Companies set a $18.00 target price on Pandora Media and gave the company a "buy" rating in a research note on Saturday, June 10th. Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $13.03.

Unnamed sources told the New York Post that Liberty Media, the parent of satellite radio provider Sirius XM (SIRI), had been in talks to acquire Pandora for between $11.00 and $12.00 per share, which would value the company at ~$2.8 billion.

During the trading day, the stock price fluctuated between $9.22 and $9.5. 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 firm's stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $9.38, for a total transaction of $57,790.18. Following the completion of the sale, the insider now directly owns 272,569 shares in the company, valued at approximately $2,701,158.79. The disclosure for this sale can be found here. Insiders sold a total of 43,642 shares of company stock worth $411,284 in the last three months. The insider now directly owns 548,230 shares worth $5,241,079.

Pandora Media, Inc.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 delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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Short Interest in Pandora Media Inc (P) Grows By 17.5%