The stock of Pandora Media Inc (NYSE:P) is a huge mover today! About 4.31M shares traded hands. Pandora Media Inc (NYSE:P) has risen 34.64% since March 9, 2016 and is uptrending. It has outperformed by 27.23% the S&P500.
The move comes after 7 months negative chart setup for the $2.97B company. It was reported on Oct, 12 by Barchart.com. We have $12.28 PT which if reached, will make NYSE:P worth $237.60M less.
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. Pandora Media has been the topic of 66 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was upgraded by BTIG Research to “Neutral” on Tuesday, January 19. The firm has “Neutral” rating by M Partners given on Thursday, December 17. Piper Jaffray upgraded the stock to “Overweight” rating in Wednesday, July 13 report. Credit Suisse maintained Pandora Media Inc (NYSE:P) rating on Friday, February 12. Credit Suisse has “Neutral” rating and $17 price target. The rating was maintained by Piper Jaffray with “Buy” on Monday, September 21. The firm earned “Overweight” rating on Thursday, December 17 by Albert Fried. The stock has “Buy” rating given by SunTrust on Monday, September 12. Needham maintained the shares of P in a report on Tuesday, September 22 with “Buy” rating. Rosenblatt maintained the shares of P in a report on Friday, February 12 with “Buy” rating. Scotia Capital upgraded the stock to “Sector Perform” rating in Tuesday, June 14 report.
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 improved, 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.
Goldman Sachs Gp holds 943,638 shares or 0% of its portfolio. Kornitzer Mgmt Ks accumulated 1.15M shares or 0.26% of the stock. Ontario Teachers Pension Plan Board holds 1.04% of its portfolio in Pandora Media Inc (NYSE:P) for 7.50M shares. Credit Suisse Ag, a Switzerland-based fund reported 351,930 shares. Swiss Bank & Trust has 0.01% invested in the company for 365,700 shares. Macquarie Grp Inc last reported 0.17% of its portfolio in the stock. Profund Advisors Limited Liability holds 0.05% of its portfolio in Pandora Media Inc (NYSE:P) for 77,013 shares. Gradient Limited Liability Com last reported 3,300 shares in the company. Blair William Il has 0.04% invested in the company for 335,220 shares. Empyrean Limited Partnership has 1.00 million shares for 0.56% of their US portfolio. Everpoint Asset Mgmt Ltd accumulated 500,000 shares or 0.12% of the stock. Wells Fargo & Mn last reported 1.14M shares in the company. Westpac Corp holds 82,760 shares or 0% of its portfolio. Quantbot Technologies L P owns 7,071 shares or 0.01% of their US portfolio. Commonwealth Equity Svcs holds 0% of its portfolio in Pandora Media Inc (NYSE:P) for 15,140 shares.
Insider Transactions: Since May 2, 2016, the stock had 4 buys, and 11 insider sales for $5.46 million net activity. 6,667 shares were sold by MARTIN CHRISTOPHER DOUGLAS, worth $95,498 on Friday, August 26. On Monday, August 15 the insider Phillips Christopher W sold $9,443. The insider CROSSLINK CAPITAL INC bought $2.83 million. Leiweke Timothy had bought 10,000 shares worth $116,436 on Wednesday, June 1. The insider Herring Michael S bought $460,640.
More notable recent Pandora Media Inc (NYSE:P) news were published by: Profitconfidential.com which released: “Pandora Media Inc: Why Traders Are Going Crazy Over P Stock” on October 05, 2016, also Profitconfidential.com with their article: “Pandora Stock: Pandora Media Inc Needs a Revamp” published on September 20, 2016, Investorplace.com published: “Pandora Media Inc Climbs After Upgrade (P)” on September 14, 2016. More interesting news about Pandora Media Inc (NYSE:P) were released by: Profitconfidential.com and their article: “Pandora Media Inc: Why Traders Are Going Crazy Over Pandora Stock Today” published on September 16, 2016 as well as Investorplace.com‘s news article titled: “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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