Pandora Media Inc (NYSE:P) – Stock analysts at William Blair decreased their Q3 2018 EPS estimates for shares of Pandora Media in a note issued to investors on Wednesday. William Blair analyst R. Schackart now expects that the Internet radio service will earn ($0.15) per share for the quarter, down from their prior forecast of ($0.14). William Blair also issued estimates for Pandora Media’s FY2018 earnings at ($0.80) EPS.

Several other equities research analysts also recently commented on the stock. Stifel Nicolaus set a $12.00 target price on shares of Pandora Media and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Canaccord Genuity reissued a “buy” rating and set a $14.00 target price on shares of Pandora Media in a research report on Monday, October 30th. BMO Capital Markets upgraded shares of Pandora Media from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $11.00 to $7.00 in a report on Thursday, November 16th. Finally, FBR & Co restated a “buy” rating and set a $11.00 price target on shares of Pandora Media in a report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $10.13.

Shares of Pandora Media (NYSE P) opened at $4.75 on Monday. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. The company has a market cap of $1,263.81, a PE ratio of -1.98 and a beta of -0.48. Pandora Media has a 52-week low of $4.09 and a 52-week high of $13.72.

Several hedge funds and other institutional investors have recently bought and sold shares of P. Prudential Financial Inc. bought a new stake in shares of Pandora Media in the second quarter valued at approximately $109,000. TIAA CREF Investment Management LLC raised its position in shares of Pandora Media by 3.7% in the second quarter. TIAA CREF Investment Management LLC now owns 692,804 shares of the Internet radio service’s stock valued at $6,180,000 after purchasing an additional 24,988 shares during the period. Amalgamated Bank raised its position in shares of Pandora Media by 34.3% in the second quarter. Amalgamated Bank now owns 43,071 shares of the Internet radio service’s stock valued at $384,000 after purchasing an additional 11,012 shares during the period. New York State Common Retirement Fund raised its position in shares of Pandora Media by 0.8% in the second quarter. New York State Common Retirement Fund now owns 898,821 shares of the Internet radio service’s stock valued at $8,017,000 after purchasing an additional 7,088 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Pandora Media by 27.7% in the second quarter. UBS Asset Management Americas Inc. now owns 198,757 shares of the Internet radio service’s stock valued at $1,773,000 after purchasing an additional 43,120 shares during the period.

In other news, EVP David Gerbitz sold 9,523 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 value of $48,662.53. Following the sale, the executive vice president now owns 316,084 shares of the company’s stock, valued at $1,615,189.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the insider now directly owns 413,884 shares in the company, valued at approximately $2,114,947.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,389 shares of company stock worth $567,987. Corporate insiders own 2.59% of the company’s stock.

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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.

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

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