The stock of Pandora Media Inc (NYSE:P) is a huge mover today! About 7.33 million shares traded hands or 12.42% up from the average. Pandora Media Inc (NYSE:P) has risen 13.23% since April 4, 2016 and is uptrending. It has outperformed by 12.14% the S&P500.
The move comes after 8 months positive chart setup for the $2.42 billion company. It was reported on Nov, 4 by Barchart.com. We have $16.88 PT which if reached, will make NYSE:P worth $1.38 billion more.
Pandora Media Inc (NYSE:P) Ratings Coverage
Out of 30 analysts covering Pandora Media (NYSE:P), 15 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 50% are positive. Pandora Media has been the topic of 73 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, July 24 by Albert Fried. The rating was downgraded by Suntrust Robinson to “Neutral” on Monday, January 4. The firm has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets. Needham maintained Pandora Media Inc (NYSE:P) on Friday, February 12 with “Buy” rating. The rating was maintained by Piper Jaffray with “Overweight” on Tuesday, August 4. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, October 26. The firm earned “Neutral” rating on Friday, October 23 by B. Riley & Co. The stock has “Buy” rating given by B. Riley & Co on Monday, May 23. The company was maintained on Friday, January 29 by Needham. The rating was downgraded by Oppenheimer on Friday, October 23 to “Perform”.
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.
Credit Agricole S A has 27,200 shares for 0% of their US portfolio. California State Teachers Retirement Sys has 467,411 shares for 0.01% of their US portfolio. Global X Management Ltd Llc accumulated 0.22% or 343,285 shares. Utah Retirement Sys, a Utah-based fund reported 40,086 shares. Park West Asset Mgmt Lc holds 2.14% or 1.70 million shares in its portfolio. The California-based Ivory Management Ltd has invested 1.23% in Pandora Media Inc (NYSE:P). Soros Fund Mgmt Lc, a New York-based fund reported 51,000 shares. Macquarie Group Incorporated Ltd owns 6.90M shares or 0.17% of their US portfolio. Us National Bank & Trust De has 17,597 shares for 0% of their US portfolio. Blair William Com Il has 335,220 shares for 0.04% of their US portfolio. Everpoint Asset Mngmt Limited Liability Co reported 500,000 shares or 0.12% of all its holdings. Sunbelt Secs has 3,000 shares for 0% of their US portfolio. Barclays Public Limited Com has 654,515 shares for 0.01% of their US portfolio. Bluecrest Mgmt Ltd has 35,098 shares for 0.02% of their US portfolio. Price T Rowe Md last reported 2.11 million shares in the company.
Insider Transactions: Since May 13, 2016, the stock had 3 insider buys, and 11 sales for $4.99 million net activity. 10,000 Pandora Media Inc (NYSE:P) shares with value of $116,436 were bought by Leiweke Timothy. 732 shares with value of $9,443 were sold by Phillips Christopher W on Monday, August 15. $95,498 worth of shares were sold by MARTIN CHRISTOPHER DOUGLAS on Friday, August 26. On Thursday, May 26 the insider CROSSLINK CAPITAL INC bought $2.83 million.
More important recent Pandora Media Inc (NYSE:P) news were published by: Profitconfidential.com which released: “Pandora Media Inc: Why P Stock Is Getting Pounded” on October 26, 2016, also Schaeffersresearch.com published article titled: “Option Bull Puts $65K on Pandora Media Inc (P)”, Investorplace.com published: “Trade of the Day: Pandora Media Inc (NYSE:P)” on October 18, 2016. More interesting news about Pandora Media Inc (NYSE:P) was released by: Valuewalk.com and their article: “Chipotle Mexican Grill, Inc., Pandora Media Inc Shares Fall On Earnings” with publication date: October 25, 2016.
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.
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