Market Runner: Time to Buy Pandora Media Inc After Today’s Significant Increase?

Market Runner: Time to Buy Pandora Media Inc After Today's Significant Increase?

The stock of Pandora Media Inc (NYSE:P) is a huge mover today! About 2.48 million shares traded hands. Pandora Media Inc (NYSE:P) has risen 27.54% since April 11, 2016 and is uptrending. It has outperformed by 21.39% the S&P500.
The move comes after 6 months positive chart setup for the $2.47B company. It was reported on Nov, 11 by Barchart.com. We have $16.22 PT which if reached, will make NYSE:P worth $1.24B more.

Pandora Media Inc (NYSE:P) Ratings Coverage

Out of 30 analysts covering Pandora Media (NYSE:P), 15 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 50% are positive. Pandora Media has been the topic of 73 analyst reports since July 24, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained the stock with “Neutral” rating in Friday, October 23 report. On Tuesday, September 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by Vetr to “Sell” on Wednesday, August 5. Needham maintained Pandora Media Inc (NYSE:P) rating on Friday, February 12. Needham has “Buy” rating and $12 price target. Barrington Research maintained it with “Outperform” rating and $24 target price in Friday, September 25 report. The stock of Pandora Media Inc (NYSE:P) has “Buy” rating given on Monday, September 21 by Piper Jaffray. Wedbush maintained Pandora Media Inc (NYSE:P) rating on Friday, February 12. Wedbush has “Outperform” rating and $15 price target. Morgan Stanley maintained Pandora Media Inc (NYSE:P) on Tuesday, February 9 with “Equal-Weight” rating. As per Friday, October 23, the company rating was downgraded by RBC Capital Markets. On Friday, February 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

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 Q2 2016. 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.
Moreover, Fmr Llc has 0% invested in Pandora Media Inc (NYSE:P) for 1.18 million shares. Moreover, Lpl Fin Limited has 0.01% invested in Pandora Media Inc (NYSE:P) for 70,775 shares. Tci Wealth holds 0.01% or 1,042 shares in its portfolio. Credit Agricole S A accumulated 0% or 27,200 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 7,198 shares in the company. Barclays Pcl holds 0.01% or 654,515 shares in its portfolio. Sunbelt Secs accumulated 3,000 shares or 0% of the stock. Blackrock Inv Mngmt Limited Liability accumulated 89,369 shares or 0% of the stock. Seven Eight Cap Ltd Liability Com holds 0.04% or 10,436 shares in its portfolio. Moreover, Parkside Bancshares Tru has 0% invested in Pandora Media Inc (NYSE:P) for 210 shares. Goldman Sachs Grp has 0% invested in the company for 943,638 shares. Citadel Advisors Ltd Liability Corp accumulated 0% or 185,035 shares. Blackrock Gru Ltd has invested 0% of its portfolio in Pandora Media Inc (NYSE:P). Profund Ltd Limited Liability Company has invested 0.05% of its portfolio in Pandora Media Inc (NYSE:P). Blackrock Institutional Trust Na accumulated 5.26 million shares or 0.01% of the stock.

Insider Transactions: Since May 13, 2016, the stock had 3 insider purchases, and 10 sales for $5.01 million net activity. $27,200 worth of shares were sold by MARTIN CHRISTOPHER DOUGLAS on Monday, August 1. CROSSLINK CAPITAL INC also bought $2.83 million worth of Pandora Media Inc (NYSE:P) shares. Phillips Christopher W sold $9,443 worth of stock. Leiweke Timothy bought $116,436 worth of Pandora Media Inc (NYSE:P) on Wednesday, June 1.

More recent Pandora Media Inc (NYSE:P) news were published by: Profitconfidential.com which released: “Pandora Media Inc: Why P Stock Is Getting Pounded” on October 26, 2016. Also Schaeffersresearch.com published the news titled: “Option Bull Puts $65K on Pandora Media Inc (P)” on November 04, 2016. Investorplace.com‘s news article titled: “Trade of the Day: Pandora Media Inc (NYSE:P)” with publication date: October 18, 2016 was also an interesting one.

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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