Does Pandora Media, Inc. (P) Have Any Gas After Today’s Big Increase?

February 15, 2018 - By Stephen Andrade

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.40, from 1.32 in 2017Q2. It is negative, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.
Fmr Limited Liability Com reported 2.11 million shares. Tocqueville Asset Management Ltd Partnership, New York-based fund reported 261,276 shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in Pandora Media, Inc. (NYSE:P) for 49,302 shares. 1,900 are held by Next Grp Incorporated. Granahan Inv Management Ma reported 0.07% in Pandora Media, Inc. (NYSE:P). 2.54 million were reported by Morgan Stanley. Highlander Cap Ltd Liability Company invested in 26,000 shares or 0.16% of the stock. Trexquant Lp reported 39,278 shares. The New York-based Teton Advsr has invested 0.05% in Pandora Media, Inc. (NYSE:P). Clearline Cap Limited Partnership invested in 2.72% or 485,612 shares. Jackson Square Partners stated it has 0% in Pandora Media, Inc. (NYSE:P). Teacher Retirement Systems Of Texas has invested 0% in Pandora Media, Inc. (NYSE:P). Slate Path Capital L P invested in 10.28M shares. Geode Capital Management Limited Liability Corp holds 1.87 million shares. Invesco holds 0% in Pandora Media, Inc. (NYSE:P) or 311,416 shares.

Since August 16, 2017, it had 0 insider purchases, and 1 insider sale for $250,075 activity. Robinson Kristen also sold $54,981 worth of Pandora Media, Inc. (NYSE:P) on Wednesday, August 16. 6,538 shares valued at $55,065 were sold by BENE STEPHEN G on Wednesday, August 16. Shares for $86,935 were sold by Phillips Christopher W on Wednesday, August 16. Trimble John also sold $88,830 worth of Pandora Media, Inc. (NYSE:P) shares.

The stock of Pandora Media, Inc. (NYSE:P) is a huge mover today! The stock increased 4.49% or $0.22 during the last trading session, reaching $5.12. About 13.60 million shares traded or 50.20% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 15, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.
The move comes after 9 months positive chart setup for the $1.27B company. It was reported on Feb, 15 by Barchart.com. We have $5.43 PT which if reached, will make NYSE:P worth $76.44 million more.

Pandora Media, Inc. (NYSE:P) Ratings Coverage

Among 38 analysts covering Pandora Media (NYSE:P), 11 have Buy rating, 2 Sell and 25 Hold. Therefore 29% are positive. Pandora Media had 141 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Overweight” rating by Albert Fried on Monday, September 21. The firm has “Hold” rating by BMO Capital Markets given on Monday, October 16. The company was maintained on Tuesday, August 1 by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Friday, June 9 with “Hold”. On Tuesday, November 17 the stock rating was maintained by Axiom Capital with “Hold”. The rating was upgraded by Pacific Crest on Monday, June 26 to “Sector Weight”. The rating was maintained by Barrington Research with “Outperform” on Friday, October 28. BMO Capital Markets upgraded Pandora Media, Inc. (NYSE:P) on Thursday, November 16 to “Outperform” rating. The firm has “Overweight” rating given on Wednesday, July 13 by Piper Jaffray.

More important recent Pandora Media, Inc. (NYSE:P) news were published by: Prnewswire.com which released: “Free Research Reports on These Radio Broadcasters Stocks — Entercom …” on February 14, 2018, also Marketwatch.com published article titled: “Pandora hatches plan to save $45 million, expand in Atlanta”, Zacks.com published: “Options Traders Expect Huge Moves in Pandora Media (P) Stock February 05, 2018” on February 05, 2018. More interesting news about Pandora Media, Inc. (NYSE:P) was released by: Investorplace.com and their article: “Pandora Media Inc Stock Could Get a Buyout Boost” with publication date: January 22, 2018.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.27 billion. The firm allows its listeners to create personalized stations to access music and comedy catalogs, as well as personalized playlist generating system; and offers Pandora Plus and Pandora Premium, a paid subscription service to listeners. It currently has negative earnings. Pandora Media, Inc. also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms.

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