Pandora Media Inc on Focus After Bullish Options Activity

 Pandora Media Inc on Focus After Bullish Options Activity

In today’s session Pandora Media Inc (P) registered an unusually high (1,625) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious P increase. With 1,625 contracts traded and 79104 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: P170120C00010000 closed last at: $3.25 or 11% down. About 1.50M shares traded hands. Pandora Media Inc (NYSE:P) has risen 25.94% since March 15, 2016 and is uptrending. It has outperformed by 20.46% the S&P500.

Pandora Media Inc (NYSE:P) Ratings Coverage

Out of 30 analysts covering Pandora Media (NYSE:P), 16 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 53% are positive. $30 is the highest target while $10.0 is the lowest. The $17.67 average target is 38.48% above today’s ($12.76) stock price. Pandora Media has been the topic of 68 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, October 23 the stock rating was downgraded by Pacific Crest to “Sector Weight”. The firm has “Mkt Perform” rating given on Thursday, December 17 by FBR Capital. On Friday, February 12 the stock rating was maintained by Wedbush with “Outperform”. The stock of Pandora Media Inc (NYSE:P) earned “Neutral” rating by M Partners on Thursday, December 17. The stock has “Buy” rating given by Canaccord Genuity on Friday, February 12. The company was upgraded on Friday, July 24 by Albert Fried. The firm has “Neutral” rating by SunTrust given on Monday, January 4. SunTrust maintained Pandora Media Inc (NYSE:P) on Saturday, August 15 with “Buy” rating. Albert Fried upgraded the stock to “Overweight” rating in Thursday, December 17 report. The firm has “Buy” rating by Rosenblatt given on Friday, February 12.

According to Zacks Investment Research, “Pandora Media, Inc. operates as a provider of Internet radio in the United States. It provides services to traditional computers, smartphones, such as Android phones, Blackberry phones and the iPhone. When a listener enters a single song, artist, composer or genre to start a station, its mathematical algorithms combine the genes cataloged with individual and collective feedback to suggest songs and build personalized playlists. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio. Pandora Media, Inc., formerly known as Savage Beast Technologies Incorporated, is based in Oakland, California.”

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.41, from 0.65 in 2016Q1. The ratio is positive, 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.
Baker Avenue Asset Mgmt L P last reported 0.03% of its portfolio in the stock. Symmetry Peak Mngmt Ltd Liability accumulated 75,000 shares or 0.16% of the stock. Moreover, California State Teachers Retirement Systems has 0.01% invested in Pandora Media Inc (NYSE:P) for 467,411 shares. Jackson Square Lc has 0.54% invested in the company for 10.40 million shares. X Mgmt Limited Liability has 343,285 shares for 0.22% of their US portfolio. Alliancebernstein Ltd Partnership holds 0.05% of its portfolio in Pandora Media Inc (NYSE:P) for 4.62 million shares. Utah Retirement reported 40,086 shares or 0.01% of all its holdings. Glenmede Com Na has 0% invested in the company for 148 shares. Broadview Advsr Limited Liability Corporation owns 560,200 shares or 1.04% of their US portfolio. Crestwood Capital Mngmt Limited Partnership accumulated 683,041 shares or 2.14% of the stock. First Republic Investment Management Incorporated holds 11,287 shares or 0% of its portfolio. Blackrock Group Limited last reported 0% of its portfolio in the stock. The Texas-based Automobile Association has invested 0% in Pandora Media Inc (NYSE:P). Nomura has invested 0% of its portfolio in Pandora Media Inc (NYSE:P). Group Incorporated One Trading Ltd Partnership holds 0.04% or 261,503 shares in its portfolio.

Insider Transactions: Since May 2, 2016, the stock had 4 buys, and 11 insider sales for $5.46 million net activity. Shares for $20,200 were sold by MARTIN CHRISTOPHER DOUGLAS on Friday, May 13. 250,000 Pandora Media Inc (NYSE:P) shares with value of $2.74M were bought by CROSSLINK CAPITAL INC. $460,640 worth of Pandora Media Inc (NYSE:P) shares were bought by Herring Michael S. Phillips Christopher W sold $149,129 worth of Pandora Media Inc (NYSE:P) on Monday, July 25. $116,436 worth of Pandora Media Inc (NYSE:P) was bought by Leiweke Timothy on Wednesday, June 1.

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 $2.82 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.

P Company Profile

Pandora Media, Inc. (Pandora), incorporated on October 19, 2010, 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 Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements. The Firm provides services, including Pandora and Ticketfly. It provides the Pandora service through over two models, such as free service and Pandora One. The Company’s free service is advertising-supported and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of the Pandora delivery platforms. Pandora One is a paid subscription service without any advertising. In addition to its monthly subscriptions, service listeners can purchase a single day Pandora One experience with its Pandora One Day Pass product.

More important recent Pandora Media Inc (NYSE:P) news were published by: Investorplace.com which released: “Trade of the Day: Pandora Media Inc (NYSE:P)” on October 18, 2016, also Profitconfidential.com published article titled: “Pandora Media Inc: Why Traders Are Going Crazy Over P Stock”, Profitconfidential.com published: “Pandora Stock: Pandora Media Inc Needs a Revamp” on September 20, 2016. More interesting news about Pandora Media Inc (NYSE:P) was released by: Schaeffersresearch.com and their article: “Analyst Update: Stone Energy Corporation, Chipotle Mexican Grill, Inc., and …” with publication date: October 17, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags:

Related posts

Leave a Comment