Insider Selling: Pandora Media, Inc. (P) Insider Sells $51,038.68 in Stock
Pandora Media, Inc. (NYSE:P) insider Christopher W. Phillips sold 9,988 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $51,038.68. Following the transaction, the insider now directly owns 413,884 shares in the company, valued at $2,114,947.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Pandora Media, Inc. (NYSE:P) traded up $0.20 during trading on Thursday, hitting $5.33. 8,276,601 shares of the stock were exchanged, compared to its average volume of 9,838,209. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media, Inc. has a twelve month low of $4.44 and a twelve month high of $14.10.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The business had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. During the same period in the previous year, the company earned ($0.07) earnings per share. Pandora Media’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts anticipate that Pandora Media, Inc. will post -1.09 EPS for the current year.
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Several institutional investors have recently modified their holdings of P. SG Americas Securities LLC raised its stake in Pandora Media by 1,179.5% during the 3rd quarter. SG Americas Securities LLC now owns 4,505,951 shares of the Internet radio service’s stock valued at $34,696,000 after purchasing an additional 4,153,778 shares during the last quarter. Marshall Wace North America L.P. raised its stake in Pandora Media by 789.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 3,084,210 shares of the Internet radio service’s stock valued at $27,758,000 after purchasing an additional 2,737,635 shares during the last quarter. First Trust Advisors LP raised its stake in Pandora Media by 51.9% during the 2nd quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock valued at $64,077,000 after purchasing an additional 2,454,296 shares during the last quarter. Nordea Investment Management AB acquired a new position in Pandora Media during the 2nd quarter valued at $14,821,000. Finally, Locust Wood Capital Advisers LLC acquired a new position in Pandora Media during the 2nd quarter valued at $12,574,000.
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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