Pandora Media Inc (NYSE:P) saw unusually large options trading activity on Monday. Investors purchased 12,905 put options on the stock. This is an increase of approximately 1,005% compared to the typical daily volume of 1,168 put options.
In other news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total transaction of $375,432.39. Following the transaction, the chief executive officer now owns 701,607 shares in the company, valued at approximately $3,346,665.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stephen G. Bene sold 11,260 shares of Pandora Media stock in a transaction on Friday, February 16th. The stock was sold at an average price of $5.07, for a total value of $57,088.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,204 shares of company stock worth $606,102. 2.59% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Pandora Media during the fourth quarter worth approximately $106,000. Two Sigma Advisers LP purchased a new position in Pandora Media in the fourth quarter worth $110,000. Fox Run Management L.L.C. purchased a new position in Pandora Media in the third quarter worth $111,000. Two Sigma Securities LLC raised its position in Pandora Media by 106.7% in the fourth quarter. Two Sigma Securities LLC now owns 23,323 shares of the Internet radio service’s stock worth $112,000 after acquiring an additional 12,040 shares in the last quarter. Finally, Bourgeon Capital Management LLC purchased a new position in Pandora Media in the third quarter worth $115,000.
Shares of Pandora Media (P) traded up $0.25 on Wednesday, reaching $5.25. The company had a trading volume of 13,619,944 shares, compared to its average volume of 11,121,029. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.03 and a quick ratio of 4.03. Pandora Media has a 52-week low of $4.09 and a 52-week high of $12.13. The firm has a market capitalization of $1,270.00, a P/E ratio of -2.26 and a beta of -0.38.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Wednesday, February 21st. The Internet radio service reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.14). Pandora Media had a negative net margin of 36.83% and a negative return on equity of 111.95%. The firm had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $376.79 million. During the same quarter in the prior year, the firm posted ($0.13) EPS. Pandora Media’s quarterly revenue was up .6% compared to the same quarter last year. equities research analysts predict that Pandora Media will post -1 EPS for the current fiscal year.
Several research analysts have recently commented on P shares. BMO Capital Markets upgraded Pandora Media from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $11.00 to $7.00 in a report on Thursday, November 16th. TD Securities reiterated a “hold” rating on shares of Pandora Media in a report on Thursday, November 23rd. Evercore ISI started coverage on shares of Pandora Media in a report on Tuesday, December 5th. They issued an “in-line” rating and a $5.50 price objective on the stock. Piper Jaffray Companies set a $9.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Raymond James Financial restated a “hold” rating on shares of Pandora Media in a report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.14.
About Pandora Media
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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