Pandora Media (P) Releases Earnings Results, Misses Expectations By $0.14 EPS

Pandora Media (NYSE:P) announced its quarterly earnings results on Wednesday. The Internet radio service reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.14), Bloomberg Earnings reports. The company had revenue of $395.00 million during the quarter, compared to the consensus estimate of $376.79 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned ($0.13) earnings per share.

Pandora Media (NYSE:P) traded down $0.37 during midday trading on Thursday, hitting $4.50. The stock had a trading volume of 32,007,647 shares, compared to its average volume of 10,657,715. The firm has a market cap of $1,326.01, a P/E ratio of -1.80 and a beta of -0.48. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media has a 12 month low of $4.09 and a 12 month high of $13.36.

P has been the subject of a number of research reports. JPMorgan Chase & Co. cut Pandora Media from an “overweight” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Friday, November 3rd. B. Riley cut Pandora Media from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.00 to $8.00 in a research note on Friday, November 3rd. SunTrust Banks cut Pandora Media from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Stifel Nicolaus cut Pandora Media from a “buy” rating to a “hold” rating and lowered their target price for the stock from $12.00 to $8.00 in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Pandora Media from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $9.44.

In other news, insider Kristen Robinson sold 11,403 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,813.21. Following the completion of the sale, the insider now owns 487,526 shares of the company’s stock, valued at approximately $2,471,756.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Roger Lynch sold 78,707 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total value of $375,432.39. Following the completion of the sale, the chief executive officer now directly owns 701,607 shares of the company’s stock, valued at approximately $3,346,665.39. The disclosure for this sale can be found here. In the last three months, insiders sold 124,204 shares of company stock valued at $606,102. 2.59% of the stock is currently owned by insiders.

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Pandora Media Company Profile

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, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

Earnings History for Pandora Media (NYSE:P)

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