Should Investors Turn Their Attention to Pandora Media (NYSE:P)? BMO Capital Has Just Upgraded the Stock

February 25, 2018 - By Richard Conner

  Should Investors Turn Their Attention to Pandora Media (NYSE:P)? BMO Capital Has Just Upgraded the Stock

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It dropped, 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.

Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 626,364 shares. Commonwealth Equity Service holds 37,202 shares or 0% of its portfolio. Citigroup reported 0% of its portfolio in Pandora Media, Inc. (NYSE:P). 23,350 were accumulated by Boothbay Fund Ltd Liability Corp. Moreover, Hanson Mcclain has 0% invested in Pandora Media, Inc. (NYSE:P). Barclays Public Ltd holds 0% or 321,604 shares in its portfolio. Moreover, Northwestern Mutual Wealth Communication has 0% invested in Pandora Media, Inc. (NYSE:P). Jana Ltd Liability Corporation invested in 16.32 million shares. Clear Harbor Asset Mgmt Ltd Liability holds 0.18% of its portfolio in Pandora Media, Inc. (NYSE:P) for 115,000 shares. Waddell & Reed holds 0.25% or 14.61 million shares. State Common Retirement Fund reported 518,826 shares. Deutsche Natl Bank Ag reported 0.01% in Pandora Media, Inc. (NYSE:P). State Board Of Administration Of Florida Retirement Sys holds 407,304 shares or 0.01% of its portfolio. Utah Retirement System reported 41,286 shares. Amalgamated National Bank & Trust invested in 0.01% or 42,746 shares.

Since August 31, 2017, it had 0 insider buys, and 6 insider sales for $549,316 activity. On Thursday, August 31 GERBITZ DAVID sold $250,075 worth of Pandora Media, Inc. (NYSE:P) or 30,000 shares. $57,033 worth of Pandora Media, Inc. (NYSE:P) shares were sold by BENE STEPHEN G. 12,699 shares were sold by Trimble John, worth $64,322. The insider Phillips Christopher W sold $68,794.

Pandora Media (NYSE:P) Stock Upgrade

Pandora Media (NYSE:P) shares were raised by BMO Capital to a “Buy” rating in an analyst report sent to clients and investors on Thursday morning.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It dropped, 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.

Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 626,364 shares. Commonwealth Equity Service holds 37,202 shares or 0% of its portfolio. Citigroup reported 0% of its portfolio in Pandora Media, Inc. (NYSE:P). 23,350 were accumulated by Boothbay Fund Ltd Liability Corp. Moreover, Hanson Mcclain has 0% invested in Pandora Media, Inc. (NYSE:P). Barclays Public Ltd holds 0% or 321,604 shares in its portfolio. Moreover, Northwestern Mutual Wealth Communication has 0% invested in Pandora Media, Inc. (NYSE:P). Jana Ltd Liability Corporation invested in 16.32 million shares. Clear Harbor Asset Mgmt Ltd Liability holds 0.18% of its portfolio in Pandora Media, Inc. (NYSE:P) for 115,000 shares. Waddell & Reed holds 0.25% or 14.61 million shares. State Common Retirement Fund reported 518,826 shares. Deutsche Natl Bank Ag reported 0.01% in Pandora Media, Inc. (NYSE:P). State Board Of Administration Of Florida Retirement Sys holds 407,304 shares or 0.01% of its portfolio. Utah Retirement System reported 41,286 shares. Amalgamated National Bank & Trust invested in 0.01% or 42,746 shares.

Since August 31, 2017, it had 0 insider buys, and 6 insider sales for $549,316 activity. On Thursday, August 31 GERBITZ DAVID sold $250,075 worth of Pandora Media, Inc. (NYSE:P) or 30,000 shares. $57,033 worth of Pandora Media, Inc. (NYSE:P) shares were sold by BENE STEPHEN G. 12,699 shares were sold by Trimble John, worth $64,322. The insider Phillips Christopher W sold $68,794.

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

Among 39 analysts covering Pandora Media (NYSE:P), 12 have Buy rating, 2 Sell and 25 Hold. Therefore 31% are positive. Pandora Media has $30 highest and $5 lowest target. $12.32’s average target is 185.85% above currents $4.31 stock price. Pandora Media had 146 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, February 22 by B. Riley & Co. The rating was maintained by BMO Capital Markets on Tuesday, August 1 with “Market Perform”. The firm has “Neutral” rating by SunTrust given on Monday, January 4. The rating was maintained by Stifel Nicolaus on Monday, October 24 with “Buy”. The firm earned “Hold” rating on Monday, August 14 by Wells Fargo. Oppenheimer maintained Pandora Media, Inc. (NYSE:P) on Tuesday, August 8 with “Hold” rating. The rating was maintained by Albert Fried with “Overweight” on Monday, September 21. The firm has “Neutral” rating given on Friday, January 15 by Susquehanna. Bank of America maintained the shares of P in report on Tuesday, August 1 with “Sell” rating. The company was maintained on Friday, July 28 by Cowen & Co.

The stock decreased 4.65% or $0.21 during the last trading session, reaching $4.31. About 20.30M shares traded or 90.69% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 25, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.07 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.

More recent Pandora Media, Inc. (NYSE:P) news were published by: Marketwatch.com which released: “Pandora hatches plan to save $45 million, expand in Atlanta” on January 31, 2018. Also Investorplace.com published the news titled: “Pandora Media Inc (P) Shares Soar as Q4 Subscription Revenue Rises” on February 22, 2018. Reuters.com‘s news article titled: “Pandora Media posts smaller fourth-quarter loss” with publication date: February 21, 2018 was also an interesting one.

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