Media stories about Pandora Media (NYSE:P) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pandora Media earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media headlines about the Internet radio service an impact score of 46.4920148496007 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
P has been the subject of several research analyst reports. Raymond James raised shares of Pandora Media from a “market perform” rating to a “strong-buy” rating and set a $8.00 target price for the company in a research report on Thursday, March 22nd. UBS Group raised shares of Pandora Media from a “market perform” rating to a “strong-buy” rating in a research report on Thursday, March 22nd. JPMorgan Chase & Co. lowered their price target on shares of Pandora Media from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, April 10th. Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, Barrington Research reissued a “hold” rating on shares of Pandora Media in a research report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.47.
Pandora Media traded down $0.48, reaching $7.79, during trading on Monday, according to MarketBeat. 198,270 shares of the company’s stock were exchanged, compared to its average volume of 8,566,949. The firm has a market capitalization of $2.12 billion, a PE ratio of -6.29 and a beta of -0.57. Pandora Media has a 1 year low of $4.09 and a 1 year high of $9.98. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 6.15.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, May 3rd. The Internet radio service reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.11. The business had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $304.43 million. Pandora Media had a negative net margin of 37.21% and a negative return on equity of 198.06%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) EPS. analysts predict that Pandora Media will post -0.92 EPS for the current fiscal year.
In other news, insider Kristen Robinson sold 43,411 shares of the business’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $7.44, for a total transaction of $322,977.84. Following the completion of the transaction, the insider now directly owns 742,416 shares of the company’s stock, valued at $5,523,575.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Karen Sammis Walker sold 11,663 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $7.40, for a total value of $86,306.20. Following the transaction, the chief accounting officer now directly owns 159,804 shares of the company’s stock, valued at $1,182,549.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,810 shares of company stock valued at $731,164. 2.59% of the stock is currently owned by corporate insiders.
Pandora Media Company Profile
Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.
Receive News & Ratings for Pandora Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media and related companies with MarketBeat.com's FREE daily email newsletter.