Somewhat Favorable News Coverage Somewhat Unlikely to Affect Pandora Media (NYSE:P) Share Price

Media coverage about Pandora Media (NYSE:P) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pandora Media earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news stories about the Internet radio service an impact score of 46.411585383264 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

A number of equities analysts recently weighed in on P shares. Zacks Investment Research upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Vetr downgraded shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $5.06 target price on the stock. in a report on Tuesday, January 30th. Wedbush set a $12.00 target price on shares of Pandora Media and gave the stock a “buy” rating in a report on Friday, February 16th. B. Riley lowered their target price on shares of Pandora Media from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Finally, Bank of America reduced their price objective on shares of Pandora Media from $7.00 to $5.60 and set an “underperform” rating for the company in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.10.

NYSE:P traded up $0.07 on Thursday, hitting $5.03. 6,329,698 shares of the stock were exchanged, compared to its average volume of 10,871,942. Pandora Media has a 12 month low of $4.09 and a 12 month high of $12.13. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $1,327.95, a price-to-earnings ratio of -2.18 and a beta of -0.38.

Pandora Media (NYSE:P) last posted its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.14). Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The firm had revenue of $395.00 million for the quarter, compared to the consensus estimate of $376.79 million. During the same period in the prior year, the company earned ($0.13) EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. sell-side analysts anticipate that Pandora Media will post -0.99 EPS for the current fiscal year.

In other Pandora Media news, COO David Gerbitz sold 10,135 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.07, for a total transaction of $51,384.45. Following the completion of the transaction, the chief operating officer now owns 510,276 shares of the company’s stock, valued at $2,587,099.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO John Trimble sold 12,699 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $64,383.93. The disclosure for this sale can be found here. Insiders have sold 45,497 shares of company stock valued at $230,670 in the last ninety days. 2.59% of the stock is currently owned by company insiders.

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Pandora Media Company Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

Insider Buying and Selling by Quarter for Pandora Media (NYSE:P)

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