Partners Capital Investment Group LLP purchased a new position in Pandora Media Inc (NYSE:P) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 149,923 shares of the Internet radio service’s stock, valued at approximately $723,000. Partners Capital Investment Group LLP owned about 0.06% of Pandora Media at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. grew its holdings in 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 purchasing an additional 39,400 shares during the period. Russell Investments Group Ltd. boosted its holdings in 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 worth $11,409,000 after purchasing an additional 25,132 shares during the last quarter. EastBay Asset Management LLC acquired a new position in Pandora Media during the fourth quarter worth $29,127,000. Teton Advisors Inc. boosted its holdings in Pandora Media by 200.7% during the third quarter. Teton Advisors Inc. now owns 75,721 shares of the Internet radio service’s stock worth $583,000 after purchasing an additional 50,540 shares during the last quarter. Finally, State Street Corp raised its position in 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 worth $26,850,000 after acquiring an additional 59,948 shares in the last quarter.
Several research firms recently commented on P. BMO Capital Markets upgraded shares of Pandora Media from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $11.00 to $7.00 in a research note on Thursday, November 16th. TD Securities restated a “hold” rating on shares of Pandora Media in a research note on Thursday, November 23rd. Evercore ISI initiated 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 for the company. Piper Jaffray Companies set a $9.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Pandora Media in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and eleven have given a buy rating to the company’s stock. Pandora Media currently has an average rating of “Hold” and an average price target of $9.14.
Pandora Media Inc (NYSE:P) traded up $0.25 during trading on Wednesday, hitting $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. Pandora Media Inc has a 12 month low of $4.09 and a 12 month high of $12.13. The stock has a market capitalization of $1,270.00, a PE ratio of -2.26 and a beta of -0.38.
Pandora Media (NYSE:P) last announced its earnings results on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.14). Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The firm had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $376.79 million. During the same period in the previous year, the business posted ($0.13) earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. research analysts anticipate that Pandora Media Inc will post -1 earnings per share for the current fiscal year.
In other news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total value of $375,432.39. Following the completion of the transaction, the chief executive officer now owns 701,607 shares in the company, valued at approximately $3,346,665.39. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Stephen G. Bene sold 11,260 shares of the business’s stock in a transaction on Friday, February 16th. The shares were 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. Insiders have sold a total of 124,204 shares of company stock worth $606,102 in the last three months. 2.59% of the stock is owned by corporate insiders.
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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