Pandora Media (NYSE:P) Rating Reaffirmed
In an interesting research report finalized this morning, MKM Partners has decided to restate their “Neutral” rating on Pandora Media (NYSE:P) shares. The target PPS suggests a possible upside of 18.66% from company’s current price.
From a total of 29 analysts covering Pandora Media (NYSE:P) stock, 15 rate it a ”Buy”, 2 a “Sell”, and 14 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is $27 while the lowest target price is $10. The mean of all analyst targets is $18.76 with a 35.73% above today’s ($15.17) stock price. Pandora Media was the topic of 34 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets initiated shares on December 3 with “Market Perform” rating. FBR Capital maintained shares with “Underperform” rating and $10.0 target share price in a report from an October 23. Axiom Capital maintained P stock in a recent report from November 17 with “Hold” rating. B. Riley & Co maintained the rating on October 23. B. Riley & Co has a “Neutral” rating and a $14 price target on shares. Finally, Northland Capital maintained the stock with “Outperform” rating in a report issued on an October 26.
Approximately 23.30M shares of stock traded hands or 227.71% up from the average. Pandora Media Inc (NYSE:P) has declined 28.55% since May 14, 2015 and is downtrending. It has underperformed by 26.28% the S&P500.
The overall sentiment of institutions has increased to 1.27 in Q2 2015. Its up 0.22, from 1.05 in 2015Q2. The ratio increased, as 38 institutions have sold all the shares of Pandora Media Inc that they owned while 65 funds have taken shares off the table. 47 funds have purchased shares for the first time while 84 added to their positions. These institutions now hold 184.97 million shares or 10.76% less than the 207.27 million shares they owned in 2015Q2.
The Fund Crosslink Capital Inc currently is holding shares equating to 18.34% of its total portfolio in Pandora Media Inc representing a total of 6.16 million shares. Another fund,Falcon Edge Capital Lp, is holding a total of 4.67 million shares equating to 6.9% of their holdings. Additionally, Light Street Capital Management Llc has a 1.85 million share stake in Pandora Media Inc which represents 5.9% of their total portfolio. The Fund, Ao Asset Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 4.89% of their total portfolio. Finally Omt Capital Management Llc, a fund which is based in the state of California reported a total holdings of 173,600 shares.
Insider activity is a very important aspect to track on any stock. Going back to February 26, 2015, shareholders of Pandora Media Inc have witnessed 0 insider buys, and a total of 3 insider sales equating to a net activity of approximately $328,088 . Fleming-Wood Simon sold 8,871 shares worth approximately $169,873. Sze David L sold 30,000 shares worth approximately $569,796. Feuille James sold 67,841 shares worth approximately $1.24M. Trimble John sold 50,000 shares worth approximately $938,430. The company insider Westergren Timothy sold 160,000 shares worth $2.99M.
Pandora Media, Inc. is a United States well-known provider of Internet radio in the United States. The company has a market cap of $2.72 billion. The Firm offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It currently has negative earnings. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements.
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.”