Media headlines about Pandora Media (NYSE:P) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pandora Media earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the Internet radio service an impact score of 46.2439218605467 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Active Mover: Pandora Media Inc (NYSE: P) – Alpha Beta Stock (alphabetastock.com)
- Analyst’s keeping an Eye on: Pandora Media Inc (P) – Emn News (emnnews.com)
- Radio Giant iHeartMedia Files for Bankruptcy as the Realities of Digital Creep Up (gizmodo.com)
- iHeartMedia Says Business Will Continue During Debt Restructuring (msn.com)
- Why Apple just bought the ‘Netflix of magazines’ (finance.yahoo.com)
A number of brokerages have recently weighed in on P. Raymond James Financial restated a “hold” rating on shares of Pandora Media in a report on Thursday, December 14th. Credit Suisse Group restated a “neutral” rating and issued a $5.00 price objective (down from $6.00) on shares of Pandora Media in a report on Thursday, February 22nd. Wedbush set a $12.00 price objective on shares of Pandora Media and gave the stock a “buy” rating in a report on Friday, February 16th. Stifel Nicolaus restated a “hold” rating and issued a $7.00 price objective on shares of Pandora Media in a report on Friday, February 23rd. Finally, SunTrust Banks set a $7.00 price objective on shares of Pandora Media and gave the stock a “hold” rating in a report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and eleven have issued a buy rating to the stock. Pandora Media currently has a consensus rating of “Hold” and an average target price of $9.14.
Shares of Pandora Media (NYSE P) opened at $5.14 on Friday. The firm has a market cap of $1,338.14, a PE ratio of -2.23 and a beta of -0.38. 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 1 year low of $4.09 and a 1 year high of $12.13.
Pandora Media (NYSE:P) last released its earnings results 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). The business had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $376.79 million. Pandora Media had a negative return on equity of 111.95% and a negative net margin of 36.83%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) earnings per share. research analysts anticipate that Pandora Media will post -0.99 earnings per share for the current fiscal year.
In related news, CEO Roger Lynch sold 78,707 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $4.77, for a total transaction of $375,432.39. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David Gerbitz sold 10,135 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $5.07, for a total transaction of $51,384.45. Following the sale, the chief operating officer now directly owns 510,276 shares in the company, valued at $2,587,099.32. The disclosure for this sale can be found here. Insiders sold a total of 124,204 shares of company stock worth $606,102 over the last ninety days. Insiders own 2.59% of the company’s stock.
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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