The Pandora Media Inc. (P) Short Interest Up 15.2% in November

Zacks Investment Research upgraded shares of Pandora Media from a "sell" rating to a "hold" rating in a research report on Wednesday, October 18th.

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, auto speakers or live on stage.

On November 3 the stock rating was downgraded to "Hold" from "Buy" with a current price target of $8.00 in a report issued by Stifel Nicolaus. Three investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock.

October 31 investment analysts at FBR & Co maintained a stock rating of "Buy" projecting a price of $11.00. (NYSE:P) to be "oversold" as the equity reached $4.67 on a recent check. The firm's 50-day moving average is $11.87 and its 200 day moving average is $12.79. For the most recent quarter, quick ratio was 4.2, current ratio was 4.2, LT Debt/Equity ratio was 1.58 and Total Debt/Equity ratio stands at 1.58, while Payout ratio is 0. Pandora Media has a one year low of $4.44 and a one year high of $14.10.

Pandora Media (NYSE:P) last released its earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02.

While having a peek at profitability ratios Pandora Media Inc (NYSE:P) has trailing twelve month gross margin at 33.5%, its trailing twelve month operating margin stands at -36.4% whereas its trailing twelve month net profit margin spots at -40.7%. The company had revenue of $378.60 million during the quarter, compared to analysts' expectations of $380.54 million. During the same period in the prior year, the company posted ($0.07) earnings per share. Pandora Media's quarterly revenue was up 12.9% on a year-over-year basis. "(P) Given Buy Rating at Piper Jaffray Companies" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another site, it was copied illegally and republished in violation of US and global copyright laws. The original version of this report can be viewed at https://stocknewstimes.com/2017/11/14/pandora-media-p-getting-somewhat-favorable-media-coverage-study-finds.html. The short ratio in the company's stock is documented at 8.96 and the short float is around of 29.47%. The stock was sold at an average price of $8.42, for a total value of $83,854.78.

The company now has an insider ownership of 2.4 Percent and Institutional ownership of 30.84 Percent. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher W. Phillips sold 10,322 shares of the business's stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $55,049.96. Following the completion of the sale, the insider now owns 326,668 shares in the company, valued at $4,253,217.36. The disclosure for this sale can be found here.

In other news, EVP David Gerbitz sold 30,000 shares of the stock in a transaction that occurred on Friday, September 1st. Out of the analyst recommendations 4 rate Pandora Media Inc (NYSE:P) stock a Buy, 6 rate the stock Outperform, 18 rate Hold, 1 rate Underperform and 0 recommend a Sell. Quinn Opportunity Partners LLC now owns 559,262 shares of the Internet radio service's stock worth $4,989,000 after purchasing an additional 85,000 shares during the period. Prudential Financial Inc. bought a new position in shares of Pandora Media in the second quarter worth $109,000. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service's stock worth $161,092,000 after buying an additional 829,682 shares during the period. Finally, DIAM Co. Ltd. acquired a new stake in shares of Pandora Media during the third quarter worth about $133,000.

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, vehicle speakers or live on stage.