Analysts forecast that Pandora Media, Inc. (NYSE:P) will post sales of $381.43 million for the current quarter, Zacks reports. Ten analysts have issued estimates for Pandora Media’s earnings. The highest sales estimate is $387.20 million and the lowest is $376.19 million. Pandora Media posted sales of $351.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.4%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Pandora Media will report full-year sales of $381.43 million for the current financial year, with estimates ranging from $1.46 billion to $1.54 billion. For the next financial year, analysts anticipate that the business will post sales of $1.67 billion per share, with estimates ranging from $1.50 billion to $1.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Pandora Media.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.08. Pandora Media had a negative net margin of 39.90% and a negative return on equity of 58.81%. The firm had revenue of $376.83 million for the quarter, compared to analyst estimates of $367.51 million. During the same period in the prior year, the firm posted ($0.12) earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year.

A number of research firms have recently commented on P. Wedbush reiterated a “buy” rating on shares of Pandora Media in a research note on Wednesday, July 26th. Macquarie restated a “hold” rating and issued a $11.00 price objective on shares of Pandora Media in a research note on Tuesday, June 6th. BMO Capital Markets restated a “hold” rating and issued a $12.00 price objective on shares of Pandora Media in a research note on Sunday, July 16th. Aegis restated a “buy” rating and issued a $13.00 price objective on shares of Pandora Media in a research note on Friday, June 30th. Finally, Citigroup Inc. restated a “buy” rating and issued a $11.00 price objective (down from $12.00) on shares of Pandora Media in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.07.

In related news, CRO John Trimble sold 10,547 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $88,805.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Gerbitz sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $8.34, for a total value of $250,200.00. Following the transaction, the executive vice president now owns 335,607 shares of the company’s stock, valued at approximately $2,798,962.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,366 shares of company stock valued at $564,822. 2.59% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Pandora Media by 4.8% during the second quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock valued at $161,092,000 after acquiring an additional 829,682 shares in the last quarter. Waddell & Reed Financial Inc. raised its holdings in shares of Pandora Media by 9.1% during the first quarter. Waddell & Reed Financial Inc. now owns 13,919,032 shares of the Internet radio service’s stock valued at $164,384,000 after acquiring an additional 1,156,593 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Pandora Media by 51.9% during the second quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock valued at $64,077,000 after acquiring an additional 2,454,296 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Pandora Media by 0.7% during the second quarter. Ontario Teachers Pension Plan Board now owns 7,046,899 shares of the Internet radio service’s stock valued at $62,858,000 after acquiring an additional 46,899 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Pandora Media by 44.0% during the first quarter. Alliancebernstein L.P. now owns 5,660,574 shares of the Internet radio service’s stock valued at $66,851,000 after acquiring an additional 1,729,354 shares in the last quarter.

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Pandora Media (NYSE P) traded down 0.73% during trading on Monday, hitting $8.17. 2,800,967 shares of the company’s stock traded hands. The company’s 50 day moving average price is $8.33 and its 200 day moving average price is $9.55. The company’s market cap is $1.98 billion. Pandora Media has a 52-week low of $6.76 and a 52-week high of $14.94.

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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Earnings History and Estimates for Pandora Media (NYSE:P)

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