How Have Pandora Media, Inc. (P) EPS Forecasts Changed?

Lloyd Doyle
December 7, 2017

Pandora Media, Inc. (P)'s average Piotroski F-Score: 3 during the last 7 years.

Pandora Media, Inc. (P) closed -46.89% below its 200-day moving average and is -28.27% below another chart threshold, its 50-day moving average. Given that liquidity is king in short-term, GSK is a stock with 2.45 billion shares outstanding that normally trades 0.55% of its float. Pandora Media, Inc. (NYSE:P) has a 20-Day average volume of 13.04 Million.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. Previously Pandora Media Inc (NYSE:P) reported $-0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.08 by $0.02 with surprise factor of 25%.

Having a look in a broader way analysts from brokerage firms on the street with an extensive view have high price target of Pandora Media Inc (NYSE:P) at $12 and with a conformist view have low price target of $6 while the stock's latest closing price was $4.77. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. Pandora Media's quarterly revenue was up 7.6% compared to the same quarter last year. analysts predict that Pandora Media Inc will post -1.09 EPS for the current year.

The company now has an insider ownership of 1.6 Percent and Institutional ownership of 17.64 Percent. Its book value per share for the most recent quarter is $0.69 while its price to book ratio for the same period is 6.88, as for as the company's cash per share for the most recent quarter is $1.98, however its price to cash per share ratio for the same period is 2.4. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. BMO Capital Markets upgraded Pandora Media from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $11.00 to $7.00 in a research report on Thursday, November 16th.


Several equities research analysts recently weighed in on the company. Also, General Counsel Stephen G. Bene sold 6,161 shares of Pandora Media stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $5.11, for a total value of $51,038.68. Following the completion of the transaction, the general counsel now directly owns 330,865 shares of the company's stock, valued at $1,690,720.15. In the last 90 days, insiders have sold 37,682 shares of company stock valued at $192,555.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service's stock valued at $161,092,000 after purchasing an additional 829,682 shares during the period. Ltd. increased its stake in Pandora Media by 1.0% in the first quarter. Vanguard Group Inc. grew its position in shares of Pandora Media by 4.8% during the 2nd quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service's stock worth $39,773,000 after acquiring an additional 906,180 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: "Somewhat Favorable News Coverage Somewhat Unlikely to Affect Pandora Media (P) Stock Price" was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. Finally, SG Americas Securities LLC lifted its position in shares of Pandora Media by 1,179.5% during the third quarter. Profund Advisors LLC now owns 77,426 shares of the Internet radio service's stock worth $1,110,000 after buying an additional 413 shares during the last quarter. Finally, Cowen Inc. lifted its stake in Pandora Media by 70.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 17,702 shares of the Internet radio service's stock worth $209,000 after buying an additional 640 shares during the last quarter.

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, vehicle speakers or live on stage. Pandora Media earned a daily sentiment score of 0.22 on Accern's scale.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER