Pandora Media Inc (NYSE:P) saw some unusual options trading on Monday. Stock traders purchased 12,905 put options on the stock. This is an increase of approximately 1,005% compared to the typical volume of 1,168 put options.
Several equities research analysts have recently issued reports on P shares. TD Securities reaffirmed a “hold” rating on shares of Pandora Media in a research report on Thursday, November 23rd. FBR & Co reaffirmed a “buy” rating and set a $11.00 target price on shares of Pandora Media in a report on Tuesday, October 31st. Vetr downgraded Pandora Media from a “buy” rating to a “hold” rating and set a $5.06 price target for the company. in a research report on Monday, February 5th. Stifel Nicolaus set a $12.00 price target on Pandora Media and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Morgan Stanley downgraded Pandora Media from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $12.00 to $6.00 in a research report on Monday, January 8th. Four research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.03.
Shares of Pandora Media (NYSE P) opened at $5.33 on Wednesday. Pandora Media has a 52-week low of $4.09 and a 52-week high of $13.72. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18. The company has a market capitalization of $1,330.00, a PE ratio of -2.14 and a beta of -0.48.
In other Pandora Media news, 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 transaction of $375,432.39. Following the completion of the sale, the chief executive officer now owns 701,607 shares of the company’s stock, valued at approximately $3,346,665.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.59% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC lifted its position in Pandora Media by 644.2% during the 4th quarter. Jane Street Group LLC now owns 520,744 shares of the Internet radio service’s stock worth $2,510,000 after acquiring an additional 450,770 shares during the period. TIAA CREF Investment Management LLC lifted its position in Pandora Media by 16.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,567,397 shares of the Internet radio service’s stock worth $12,375,000 after acquiring an additional 354,753 shares during the period. Teachers Advisors LLC lifted its position in Pandora Media by 22.9% during the 4th quarter. Teachers Advisors LLC now owns 6,670,430 shares of the Internet radio service’s stock worth $32,151,000 after acquiring an additional 1,242,299 shares during the period. California State Teachers Retirement System lifted its position in Pandora Media by 5.3% during the 4th quarter. California State Teachers Retirement System now owns 383,063 shares of the Internet radio service’s stock worth $1,846,000 after acquiring an additional 19,270 shares during the period. Finally, Southpoint Capital Advisors LP acquired a new stake in Pandora Media during the 4th quarter worth about $4,820,000.
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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.
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