Is Pandora Media, Inc. (P)’s Fuel For Real? The Stock Just Increased Again

March 22, 2018 - By Dolores Ford

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.40, from 1.32 in 2017Q2. It fall, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.
Gamco Et Al stated it has 0.03% in Pandora Media, Inc. (NYSE:P). Teewinot Capital Advisers Limited Liability Co has 0.72% invested in Pandora Media, Inc. (NYSE:P) for 206,754 shares. Nordea Invest Mgmt Ab stated it has 0.03% in Pandora Media, Inc. (NYSE:P). Pub Sector Pension Invest Board invested 0.05% in Pandora Media, Inc. (NYSE:P). Highline Management L P has invested 1.94% in Pandora Media, Inc. (NYSE:P). Ontario Teachers Pension Plan Board holds 0.72% in Pandora Media, Inc. (NYSE:P) or 7.05M shares. Sequoia Fincl Limited Liability Corp holds 0.33% or 360,000 shares in its portfolio. Gruss & Company reported 22,000 shares stake. Georgia-based Concourse Ltd Company has invested 0.36% in Pandora Media, Inc. (NYSE:P). First Ltd Partnership accumulated 6.76 million shares. Utah Retirement Sys accumulated 41,286 shares. Clearbridge Invs Lc holds 57,046 shares. D E Shaw Incorporated reported 103,110 shares. Hap Trading Limited Co owns 0.22% invested in Pandora Media, Inc. (NYSE:P) for 594,445 shares. Allen Invest Management Ltd Liability Company invested in 0.01% or 36,961 shares.

Since February 16, 2018, it had 0 insider purchases, and 5 selling transactions for $299,241 activity. Phillips Christopher W also sold $68,794 worth of Pandora Media, Inc. (NYSE:P) on Friday, February 16. On Friday, February 16 the insider BENE STEPHEN G sold $57,033. 11,403 shares valued at $57,757 were sold by Robinson Kristen on Friday, February 16. Trimble John sold 12,699 shares worth $64,322.

The stock of Pandora Media, Inc. (NYSE:P) is a huge mover today! The stock increased 7.76% or $0.38 during the last trading session, reaching $5.28. About 19.14M shares traded or 83.52% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since March 22, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.
The move comes after 5 months positive chart setup for the $1.35 billion company. It was reported on Mar, 22 by We have $5.76 PT which if reached, will make NYSE:P worth $121.14 million more.

Pandora Media, Inc. (NYSE:P) Ratings Coverage

Among 40 analysts covering Pandora Media (NYSE:P), 13 have Buy rating, 2 Sell and 25 Hold. Therefore 33% are positive. Pandora Media had 150 analyst reports since July 24, 2015 according to SRatingsIntel. SunTrust downgraded Pandora Media, Inc. (NYSE:P) on Friday, November 3 to “Hold” rating. BMO Capital Markets maintained Pandora Media, Inc. (NYSE:P) on Thursday, July 13 with “Hold” rating. Axiom Capital maintained Pandora Media, Inc. (NYSE:P) on Tuesday, November 17 with “Hold” rating. Canaccord Genuity maintained Pandora Media, Inc. (NYSE:P) rating on Thursday, July 27. Canaccord Genuity has “Buy” rating and $1500 target. The stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given on Tuesday, September 29 by Stifel Nicolaus. The rating was downgraded by Barrington Research on Tuesday, January 3 to “Mkt Perform”. The rating was initiated by Gabelli on Wednesday, June 21 with “Buy”. The stock of Pandora Media, Inc. (NYSE:P) has “Buy” rating given on Monday, June 26 by FBR Capital. The stock of Pandora Media, Inc. (NYSE:P) has “Hold” rating given on Monday, June 26 by RBC Capital Markets. M Partners maintained Pandora Media, Inc. (NYSE:P) rating on Thursday, December 17. M Partners has “Neutral” rating and $18 target.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.35 billion. The firm allows its listeners to create personalized stations to access music and comedy catalogs, as well as personalized playlist generating system; and offers Pandora Plus and Pandora Premium, a paid subscription service to listeners. It currently has negative earnings. Pandora Media, Inc. also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms.

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