Commerzbank Aktiengesellschaft FI lowered its position in Pandora Media Inc (NYSE:P) by 41.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 308,646 shares of the Internet radio service’s stock after selling 214,366 shares during the quarter. Commerzbank Aktiengesellschaft FI owned about 0.12% of Pandora Media worth $2,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in P. Falcon Point Capital LLC purchased a new stake in Pandora Media in the 2nd quarter worth about $102,000. Prudential Financial Inc. purchased a new stake in Pandora Media in the 2nd quarter worth about $109,000. Fox Run Management L.L.C. purchased a new stake in Pandora Media in the 3rd quarter worth about $111,000. Symmetry Peak Management LLC purchased a new stake in Pandora Media in the 2nd quarter worth about $112,000. Finally, Aperio Group LLC purchased a new stake in Pandora Media in the 2nd quarter worth about $115,000.

A number of research analysts have weighed in on P shares. Morgan Stanley reaffirmed an “overweight” rating and set a $12.00 target price on shares of Pandora Media in a report on Wednesday, August 23rd. ValuEngine lowered Pandora Media from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Zacks Investment Research raised Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. FBR & Co reaffirmed a “buy” rating and set a $11.00 target price on shares of Pandora Media in a report on Tuesday, October 31st. Finally, TD Securities reaffirmed a “hold” rating on shares of Pandora Media in a report on Thursday, November 23rd. Three equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.94.

In related news, insider Christopher W. Phillips sold 9,988 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $51,038.68. Following the completion of the sale, the insider now owns 413,884 shares in the company, valued at approximately $2,114,947.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO John Trimble sold 10,204 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $52,142.44. Following the completion of the sale, the executive now owns 454,645 shares of the company’s stock, valued at approximately $2,323,235.95. The disclosure for this sale can be found here. Insiders sold a total of 37,682 shares of company stock valued at $192,555 in the last 90 days. 2.59% of the stock is currently owned by corporate insiders.

Shares of Pandora Media Inc (NYSE P) traded down $0.02 on Wednesday, hitting $4.75. The stock had a trading volume of 12,865,500 shares, compared to its average volume of 9,844,884. 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 12-month low of $4.44 and a 12-month high of $14.10.

Pandora Media (NYSE:P) last issued its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $378.60 million during the quarter, compared to the consensus estimate of $380.54 million. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. equities analysts forecast that Pandora Media Inc will post -1.09 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Pandora Media (NYSE:P)

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