Headlines about Pandora Media (NYSE:P) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pandora Media earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the Internet radio service an impact score of 46.411585383264 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Apple Music hits 38m paid subscribers (ewn.co.za)
- Apple’s streaming music service hits 38M paid subscribers (menafn.com)
- Spotify 101 (finance.yahoo.com)
- Spotify's Biggest Risks and Opportunities (finance.yahoo.com)
- Pandora Media Inc (P) Short Interest Update (americanbankingnews.com)
Shares of Pandora Media (NYSE P) traded up $0.25 on Wednesday, hitting $5.25. 13,619,944 shares of the stock traded hands, compared to its average volume of 11,121,029. Pandora Media has a 12 month low of $4.09 and a 12 month high of $12.13. The company has a market capitalization of $1,270.00, a PE ratio of -2.26 and a beta of -0.38. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.03 and a quick ratio of 4.03.
A number of equities analysts have issued reports on the company. TD Securities reiterated a “hold” rating on shares of Pandora Media in a report on Thursday, November 23rd. Morgan Stanley downgraded shares of Pandora Media from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $12.00 to $6.00 in a research note on Monday, January 8th. B. Riley restated a “hold” rating and set a $8.00 price objective on shares of Pandora Media in a research note on Thursday, February 1st. Vetr downgraded shares of Pandora Media from a “buy” rating to a “hold” rating and set a $5.06 price objective for the company. in a research note on Monday, February 5th. Finally, Wedbush set a $12.00 price objective on shares of Pandora Media and gave the stock a “buy” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and eleven have assigned a buy rating to the stock. Pandora Media presently has an average rating of “Hold” and a consensus target price of $9.14.
In other Pandora Media news, insider Kristen Robinson sold 11,403 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $5.07, for a total value of $57,813.21. Following the sale, the insider now owns 487,526 shares in the company, valued at $2,471,756.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Roger Lynch sold 78,707 shares of the firm’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 transaction of $375,432.39. Following the completion of the sale, the chief executive officer now owns 701,607 shares in the company, valued at approximately $3,346,665.39. The disclosure for this sale can be found here. Insiders have sold 124,204 shares of company stock worth $606,102 over the last ninety days. Insiders own 2.59% of the company’s stock.
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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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