Kopernik Global Investors, LLC Lowers Its Holdings in Pandora Media Inc (P)

Cornelia Mascio
Novembre 14, 2017

Pandora Media Inc (NYSE:P) has grabbed attention from the analysts, when it saw a value increase of 2.19% or 0.1 points in the last trading session to close at $4.67. (NYSE:P) from a buy rating to a hold rating in a report issued on Friday, November 3rd, Marketbeat Ratings reports. A total number of 23 analysts provided estimations over revenues. MKM Partners restated a neutral rating and set a $10.00 target price on shares of Pandora Media in a report on Wednesday, August 2nd.

TRADEMARK VIOLATION NOTICE: "Zacks Investment Research Upgrades Pandora Media, Inc". Finally, Needham & Company LLC reiterated a "buy" rating and issued a $11.00 target price on shares of Pandora Media in a research note on Thursday, September 14th. Vetr upgraded Pandora Media from a "buy" rating to a "strong-buy" rating and set a $16.27 target price on the stock in a report on Monday, September 12th. During current year the company's forecasts over growth are -15.7% while for the next year analysts' growth estimation is 50.8%. Three equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Pandora Media has a consensus rating of "Hold" and an average target price of $14.46. Pandora Media, Inc. (NYSE:P) has a 20-Day average volume of 14.77 Million. The stock had a trading volume of 9,955,900 shares, compared to its average volume of 9,894,492. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media has a 12 month low of $7.10 and a 12 month high of $15.25.

Pandora Media (NYSE:P) last released its earnings results on Thursday, November 2nd.

While having a peek at profitability ratios Pandora Media Inc (NYSE:P) has trailing twelve month gross margin at 33.5%, its trailing twelve month operating margin stands at -36.4% whereas its trailing twelve month net profit margin spots at -40.7%. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $380.54 million. In the last earnings report the EPS was $-2.49 with 248.78M shares now outstanding. The company earned $351.90 million during the quarter, compared to analysts' expectations of $1.40 billion. Cowen Inc. increased its holdings in Pandora Media by 70.3% during the 3rd quarter. "(P) Given Buy Rating at Piper Jaffray Companies" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece on another site, it was stolen and republished in violation of USA & global trademark and copyright law. On November 3 the stock rating was downgraded to "Hold" from "Buy" by SunTrust Banks. The stock was sold at an average price of $8.42, for a total transaction of $55,049.96. The value in dollars went from $139,000 to $422,000 increasing 203.6% quarter over quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Approximately 27.3% of the company's stock are short sold. The shares were sold at an average price of $8.42, for a total value of $83,854.78. Following the transaction, the insider now directly owns 423,872 shares of the company's stock, valued at $3,569,002.24. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in the stock. For the current quarter Pandora Media Inc (NYSE:P) has high EPS estimates of $0.01 in contradiction of low EPS estimates of $-0.18. Fox Run Management L.L.C. bought a new position in shares of Pandora Media in the third quarter worth $111,000. Passport Capital LLC acquired a new stake in shares of Pandora Media during the second quarter worth about $127,000.

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, auto speakers or live on stage.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE