The stock of Pandora Media Inc (NYSE:P) is a huge mover today! About 3.92 million shares traded hands. Pandora Media Inc (NYSE:P) has risen 38.01% since March 1, 2016 and is uptrending. It has outperformed by 28.77% the S&P500.
The move comes after 7 months positive chart setup for the $3.36 billion company. It was reported on Oct, 4 by Barchart.com. We have $22.57 PT which if reached, will make NYSE:P worth $1.75B more.
Pandora Media Inc (NYSE:P) Ratings Coverage
Out of 29 analysts covering Pandora Media (NYSE:P), 16 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 55% are positive. $30 is the highest target while $10.0 is the lowest. The $17.79 average target is 19.80% above today’s ($14.85) stock price. Pandora Media has been the topic of 66 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, December 3 by BMO Capital Markets. The rating was upgraded by Macquarie Research on Monday, October 26 to “Outperform”. As per Tuesday, January 19, the company rating was upgraded by BTIG Research. Albert Fried upgraded the shares of P in a report on Thursday, December 17 to “Overweight” rating. The stock of Pandora Media Inc (NYSE:P) has “Buy” rating given on Thursday, June 9 by Axiom Capital. The firm has “Neutral” rating given on Friday, October 23 by Piper Jaffray. On Friday, October 23 the stock rating was downgraded by Pacific Crest to “Sector Weight”. The company was maintained on Monday, September 21 by Piper Jaffray. Morgan Stanley upgraded the shares of P in a report on Monday, June 27 to “Overweight” rating. The rating was downgraded by Vetr to “Sell” on Wednesday, August 5.
According to Zacks Investment Research, “Pandora Media, Inc. operates as a provider of Internet radio in the United States. It provides services to traditional computers, smartphones, such as Android phones, Blackberry phones and the iPhone. When a listener enters a single song, artist, composer or genre to start a station, its mathematical algorithms combine the genes cataloged with individual and collective feedback to suggest songs and build personalized playlists. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio. Pandora Media, Inc., formerly known as Savage Beast Technologies Incorporated, is based in Oakland, California.”
Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.41, from 0.65 in 2016Q1. The ratio is positive, as 29 funds sold all Pandora Media Inc shares owned while 71 reduced positions. 41 funds bought stakes while 65 increased positions. They now own 237.72 million shares or 2.42% more from 232.10 million shares in 2016Q1.
Parallax Volatility Advisers Lp has 0% invested in the company for 98,900 shares. Public Sector Pension Board holds 0.07% of its portfolio in Pandora Media Inc (NYSE:P) for 500,000 shares. Cambridge Inv Advsr accumulated 0% or 15,343 shares. Legal General Gru Inc Public Limited holds 0% or 15,023 shares in its portfolio. Rre Ventures Group Iii Limited last reported 12,028 shares in the company. M&T Fincl Bank accumulated 13,525 shares or 0% of the stock. Ontario Teachers Pension Plan Board last reported 7.50 million shares in the company. Vantage Investment Ltd Liability Co holds 0% of its portfolio in Pandora Media Inc (NYSE:P) for 35 shares. Stephens Inc Ar holds 0.11% of its portfolio in Pandora Media Inc (NYSE:P) for 197,687 shares. Utd Automobile Association last reported 85,000 shares in the company. Boothbay Fund Limited Company last reported 0.15% of its portfolio in the stock. Virginia Retirement Systems Et Al accumulated 0.01% or 40,000 shares. Dubuque National Bank Co accumulated 79 shares or 0% of the stock. J Goldman Co Lp reported 539,200 shares or 0.35% of all its holdings. Employees Retirement Association Of Colorado last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 2, 2016, the stock had 4 insider purchases, and 11 insider sales for $5.46 million net activity. On Friday, August 26 MARTIN CHRISTOPHER DOUGLAS sold $95,498 worth of the stock or 6,667 shares. On Thursday, May 26 CROSSLINK CAPITAL INC bought $2.83M worth of the stock or 250,000 shares. Phillips Christopher W sold 732 shares worth $9,443. On Wednesday, June 1 the insider Leiweke Timothy bought $116,436. The insider Herring Michael S bought $460,640.
More important recent Pandora Media Inc (NYSE:P) news were published by: Benzinga.com which released: “7 Biggest Price Target Changes For Tuesday” on October 04, 2016, also Profitconfidential.com published article titled: “Pandora Stock: Pandora Media Inc Needs a Revamp”, Investorplace.com published: “Pandora Media Inc Climbs After Upgrade (P)” on September 14, 2016. More interesting news about Pandora Media Inc (NYSE:P) was released by: Investorplace.com and their article: “Why Pandora Media Inc (P), Raptor Pharmaceutical Corp. (RPTP) and SolarCity …” with publication date: September 12, 2016.
P Company Profile
Pandora Media, Inc. (Pandora), incorporated on October 19, 2010, 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 Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements. The Firm provides services, including Pandora and Ticketfly. It provides the Pandora service through over two models, such as free service and Pandora One. The Company’s free service is advertising-supported and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of the Pandora delivery platforms. Pandora One is a paid subscription service without any advertising. In addition to its monthly subscriptions, service listeners can purchase a single day Pandora One experience with its Pandora One Day Pass product.
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