In today’s session Pandora Media Inc (P) recorded an unusually high (184) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious P decrease. With 184 contracts traded and 138544 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: P161021P00013000 closed last at: $0.21 or 25% down. The stock increased 3.60% or $0.51 during the last trading session, hitting $14.67. About 10.24M shares traded hands or 105.62% up from the average. Pandora Media Inc (NYSE:P) has risen 38.14% since March 2, 2016 and is uptrending. It has outperformed by 28.89% the S&P500.
Pandora Media Inc (NYSE:P) Ratings Coverage
Out of 29 analysts covering Pandora Media (NYSE:P), 16 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 55% are positive. Pandora Media has been the topic of 66 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Susquehanna initiated Pandora Media Inc (NYSE:P) on Monday, January 18 with “Neutral” rating. The rating was upgraded by Piper Jaffray on Wednesday, July 13 to “Overweight”. The firm has “Overweight” rating given on Thursday, December 17 by Albert Fried. The firm earned “Underweight” rating on Friday, October 23 by Albert Fried. The stock of Pandora Media Inc (NYSE:P) has “Hold” rating given on Tuesday, November 17 by Axiom Capital. The rating was maintained by Morgan Stanley on Tuesday, February 9 with “Equal-Weight”. The firm earned “Buy” rating on Tuesday, September 22 by Needham. The stock of Pandora Media Inc (NYSE:P) earned “Buy” rating by SunTrust on Saturday, August 15. The rating was upgraded by B. Riley & Co on Monday, May 23 to “Buy”. Morgan Stanley upgraded it to “Overweight” rating and $15 target price in Monday, June 27 report.
Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.41, from 0.65 in 2016Q1. The ratio increased, as 29 funds sold all Pandora Media Inc shares owned while 71 reduced positions. 41 funds bought stakes while 65 increased positions. They now own 237.72 million shares or 2.42% more from 232.10 million shares in 2016Q1.
Granahan Inv Ma accumulated 1.32 million shares or 0.6% of the stock. Artisan Partnership holds 2.31 million shares or 0.06% of its portfolio. Vantage Inv Advisors Llc accumulated 35 shares or 0% of the stock. Nomura Hldg owns 13,600 shares or 0% of their US portfolio. The Minnesota-based Walleye Trading Ltd Liability Corp has invested 0.02% in Pandora Media Inc (NYSE:P). The Maryland-based Price T Rowe Assocs Md has invested 0.01% in Pandora Media Inc (NYSE:P). Moreover, Two Sigma Llc has 0.08% invested in Pandora Media Inc (NYSE:P) for 12,173 shares. Eulav Asset Mgmt has 445,000 shares for 0.3% of their US portfolio. Blackrock Investment Management Ltd Limited Liability Company holds 0% or 89,369 shares in its portfolio. Utah Retirement holds 0.01% or 40,086 shares in its portfolio. Bbr Partners Limited Co last reported 257,875 shares in the company. Bessemer Grp Incorporated holds 0% or 12,068 shares in its portfolio. Calvert Invest Management Inc holds 10,644 shares or 0.01% of its portfolio. Allen Inv Management Ltd Com has invested 0.02% of its portfolio in Pandora Media Inc (NYSE:P). Td Asset Mgmt Inc has 21,400 shares for 0% of their US portfolio.
Insider Transactions: Since May 2, 2016, the stock had 4 insider purchases, and 11 insider sales for $5.46 million net activity. 2,000 shares were sold by MARTIN CHRISTOPHER DOUGLAS, worth $19,749 on Monday, May 2. Leiweke Timothy bought 10,000 shares worth $116,436. Herring Michael S bought $460,640 worth of stock. Shares for $2.74M were bought by CROSSLINK CAPITAL INC on Wednesday, May 25. 732 shares were sold by Phillips Christopher W, worth $9,443.
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, car speakers or live on stage. The company has a market cap of $3.32 billion. The Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements. It currently has negative earnings. The Firm provides services, including Pandora and Ticketfly.
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