News coverage about Pandora Media (NYSE:P) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pandora Media earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave headlines about the Internet radio service an impact score of 46.1386124526918 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Spotify Plans New York Listing During Week of April 2 – Bloomberg – Bloomberg (bloomberg.com)
- Jewellery maker Pandora hires head of new global e-commerce unit (finance.yahoo.com)
- Pandora Media’s (P) “Hold” Rating Reaffirmed at Barrington Research (americanbankingnews.com)
- Pandora stock rallies after CFO speaks of growth opportunities in video ads, podcasts (finance.yahoo.com)
- Pandora Media Inc (P) Shares Bought by Telemark Asset Management LLC (americanbankingnews.com)
Shares of Pandora Media (NYSE:P) opened at $4.98 on Monday. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 1.79. Pandora Media has a twelve month low of $4.09 and a twelve month high of $12.42. The company has a market capitalization of $1,269.32, a PE ratio of -2.16 and a beta of -0.38.
A number of brokerages have recently weighed in on P. Barrington Research restated a “hold” rating on shares of Pandora Media in a research note on Thursday. Bank of America dropped their price target on Pandora Media from $7.00 to $5.60 and set an “underperform” rating on the stock in a research note on Thursday, February 22nd. B. Riley dropped their price target on Pandora Media from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Macquarie restated a “hold” rating and set a $5.00 price target on shares of Pandora Media in a research note on Sunday, February 25th. Finally, Credit Suisse Group restated a “neutral” rating and set a $5.00 price target (down previously from $6.00) on shares of Pandora Media in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.14.
In other Pandora Media news, General Counsel Stephen G. Bene sold 11,260 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,088.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Roger Lynch sold 78,707 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total value of $375,432.39. Following the completion of the transaction, the chief executive officer now directly owns 701,607 shares of the company’s stock, valued at $3,346,665.39. The disclosure for this sale can be found here. Insiders sold 124,204 shares of company stock valued at $606,102 over the last three months. 2.59% of the stock is currently owned by corporate insiders.
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Pandora Media Company Profile
Pandora Media, Inc (Pandora) 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 delivers targeted messages to its listeners using a combination of audio, display and video advertisements.
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