Pandora Media Inc (NYSE:P) saw unusually large options trading activity on Monday. Investors purchased 12,905 put options on the stock. This is an increase of approximately 1,005% compared to the typical daily volume of 1,168 put options.
Shares of Pandora Media (P) traded up $0.25 on Wednesday, reaching $5.25. The company had a trading volume of 13,619,944 shares, compared to its average volume of 11,121,029. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market capitalization of $1,270.00, a P/E ratio of -2.26 and a beta of -0.38. Pandora Media has a 52-week low of $4.09 and a 52-week high of $12.13.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.14). The firm had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $376.79 million. Pandora Media had a negative net margin of 36.83% and a negative return on equity of 111.95%. Pandora Media’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) EPS. equities research analysts predict that Pandora Media will post -1 EPS for the current fiscal year.
In other news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total transaction of $375,432.39. Following the transaction, the chief executive officer now owns 701,607 shares in the company, valued at approximately $3,346,665.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stephen G. Bene sold 11,260 shares of Pandora Media stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,088.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,204 shares of company stock worth $606,102. 2.59% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of P. Oppenheimer & Co. Inc. boosted its stake in shares of Pandora Media by 254.2% during the third quarter. Oppenheimer & Co. Inc. now owns 54,900 shares of the Internet radio service’s stock valued at $422,000 after acquiring an additional 39,400 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Pandora Media by 1.7% during the third quarter. Russell Investments Group Ltd. now owns 1,481,600 shares of the Internet radio service’s stock valued at $11,409,000 after acquiring an additional 25,132 shares during the last quarter. EastBay Asset Management LLC acquired a new stake in shares of Pandora Media during the fourth quarter valued at $29,127,000. Teton Advisors Inc. boosted its stake in shares of Pandora Media by 200.7% during the third quarter. Teton Advisors Inc. now owns 75,721 shares of the Internet radio service’s stock valued at $583,000 after acquiring an additional 50,540 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Pandora Media by 2.0% during the second quarter. State Street Corp now owns 3,009,871 shares of the Internet radio service’s stock valued at $26,850,000 after acquiring an additional 59,948 shares during the last quarter.
Several analysts recently issued reports on P shares. BMO Capital Markets upgraded shares of Pandora Media from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $11.00 to $7.00 in a report on Thursday, November 16th. TD Securities restated a “hold” rating on shares of Pandora Media in a report on Thursday, November 23rd. Evercore ISI started coverage on shares of Pandora Media in a report on Tuesday, December 5th. They issued an “in-line” rating and a $5.50 price objective on the stock. Piper Jaffray Companies set a $9.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Raymond James Financial restated a “hold” rating on shares of Pandora Media in a report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.14.
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About Pandora Media
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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