Equities research analysts forecast that Pandora Media Inc (NYSE:P) will post sales of $374.85 million for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Pandora Media’s earnings. The lowest sales estimate is $371.36 million and the highest is $380.00 million. Pandora Media posted sales of $392.60 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.5%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Pandora Media will report full-year sales of $374.85 million for the current year, with estimates ranging from $1.37 billion to $1.48 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.55 billion per share, with estimates ranging from $1.47 billion to $1.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Pandora Media.

Several research analysts have recently weighed in on the company. Vetr downgraded Pandora Media from a “buy” rating to a “hold” rating and set a $5.06 price target for the company. in a research note on Monday, February 5th. B. Riley restated a “hold” rating and issued a $8.00 target price on shares of Pandora Media in a research note on Thursday, February 1st. SunTrust Banks downgraded Pandora Media from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded Pandora Media from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. downgraded Pandora Media from an “overweight” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eleven have given a buy rating to the stock. Pandora Media presently has an average rating of “Hold” and an average price target of $10.13.

Pandora Media (NYSE P) traded up $0.17 during mid-day trading on Friday, hitting $4.82. The stock had a trading volume of 4,860,000 shares, compared to its average volume of 8,900,000. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18. The company has a market cap of $1,200.00, a P/E ratio of -1.94 and a beta of -0.48. Pandora Media has a 12 month low of $4.09 and a 12 month high of $13.72.

In other Pandora Media news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $4.77, for a total value of $375,432.39. Following the transaction, 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 available through the SEC website. Also, CRO John Trimble sold 10,204 shares of Pandora Media 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 transaction, the executive now directly owns 454,645 shares in the company, valued at $2,323,235.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,389 shares of company stock worth $567,987. 2.59% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in P. Prudential Financial Inc. purchased a new position in Pandora Media in the 2nd quarter worth approximately $109,000. TIAA CREF Investment Management LLC increased its stake in Pandora Media by 3.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 692,804 shares of the Internet radio service’s stock worth $6,180,000 after purchasing an additional 24,988 shares during the period. UBS Asset Management Americas Inc. increased its stake in Pandora Media by 27.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 198,757 shares of the Internet radio service’s stock worth $1,773,000 after purchasing an additional 43,120 shares during the period. Northern Trust Corp increased its stake in Pandora Media by 3.7% in the 2nd quarter. Northern Trust Corp now owns 1,105,624 shares of the Internet radio service’s stock worth $9,862,000 after purchasing an additional 39,333 shares during the period. Finally, Vanguard Group Inc. increased its stake in Pandora Media by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock worth $161,092,000 after purchasing an additional 829,682 shares during the period.

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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.

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

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