November 30, 2016 - By kentuckypostne · 0 Comments
Pandora Media Inc (NYSE:P) institutional sentiment increased to 1.3 in Q2 2016. Its up 0.24, from 1.06 in 2016Q1. The ratio is positive, as 106 investment managers increased or opened new equity positions, while 100 reduced and sold stakes in Pandora Media Inc. The investment managers in our partner’s database reported: 237.72 million shares, up from 232.10 million shares in 2016Q1. Also, the number of investment managers holding Pandora Media Inc in their top 10 equity positions increased from 4 to 12 for an increase of 8. Sold All: 29 Reduced: 71 Increased: 65 New Position: 41.
Pandora Media, Inc. 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 has a market cap of $2.64 billion. The Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements. It currently has negative earnings. The Firm provides services, including Pandora and Ticketfly.
About 12.53M shares traded hands or 76.23% up from the average. Pandora Media Inc (NYSE:P) has risen 18.73% since April 27, 2016 and is uptrending. It has outperformed by 13.50% the S&P500.
According to Zacks Investment Research, “Pandora Media, Inc. operates as a provider of Internet radio in the United States. It provides services to traditional computers, smartphones, such as Android phones, Blackberry phones and the iPhone. When a listener enters a single song, artist, composer or genre to start a station, its mathematical algorithms combine the genes cataloged with individual and collective feedback to suggest songs and build personalized playlists. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio. Pandora Media, Inc., formerly known as Savage Beast Technologies Incorporated, is based in Oakland, California.”
Crosslink Capital Inc holds 16.54% of its portfolio in Pandora Media Inc for 7.39 million shares. Kopernik Global Investors Llc owns 3.50 million shares or 7.7% of their US portfolio. Moreover, Tiger Management L.L.C. has 5.87% invested in the company for 1.46 million shares. The Massachusetts-based Telemark Asset Management Llc has invested 4.73% in the stock. Welch Capital Partners Llc Ny, a New York-based fund reported 828,530 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 10 selling transactions for $414,579 net activity.
Ratings analysis reveals 50% of Pandora Media’s analysts are positive. Out of 30 Wall Street analysts rating Pandora Media, 15 give it “Buy”, 3 “Sell” rating, while 12 recommend “Hold”. The lowest target is $10.0 while the high is $30. The stock’s average target of $16.83 is 43.97% above today’s ($11.69) share price. P was included in 73 notes of analysts from July 24, 2015. The firm earned “Neutral” rating on Friday, January 15 by Susquehanna. The stock of Pandora Media Inc (NYSE:P) earned “Overweight” rating by Albert Fried on Thursday, December 17. Susquehanna initiated the stock with “Neutral” rating in Monday, January 18 report. The firm has “Neutral” rating by B. Riley & Co given on Friday, October 23. The firm earned “Buy” rating on Monday, September 21 by Piper Jaffray. M Partners maintained the shares of P in a report on Thursday, December 17 with “Neutral” rating. The stock of Pandora Media Inc (NYSE:P) earned “Hold” rating by Axiom Capital on Thursday, December 17. The company was downgraded on Wednesday, August 5 by Vetr. As per Saturday, August 15, the company rating was maintained by SunTrust. The stock of Pandora Media Inc (NYSE:P) has “Buy” rating given on Tuesday, September 29 by Stifel Nicolaus.
Pandora Media, Inc. (Pandora), incorporated on October 19, 2010, 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 Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements. The Firm provides services, including Pandora and Ticketfly. It provides the Pandora service through over two models, such as free service and Pandora One. The Company’s free service is advertising-supported and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of the Pandora delivery platforms. Pandora One is a paid subscription service without any advertising. In addition to its monthly subscriptions, service listeners can purchase a single day Pandora One experience with its Pandora One Day Pass product.
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