Pandora Drops 6% as Q3 Revenue Misses

  • Pandora Radio
  • 03/11/2017
Pandora Drops 6% as Q3 Revenue Misses
Currently Pandora Media Inc (NYSE:P)'s shares owned by insiders are 2.5%, whereas shares owned by institutional owners are 40.76%.

Swiss National Bank increased Rsp Permian Inc (NYSE:RSPP) stake by 31,200 shares to 198,491 valued at $6.41M in 2017Q2. Pandora Media Inc now has $1.77B valuation. Furthermore on 6/12/17 Oppenheimer "Downgrades" the stock to Perform at $0. About 4.94 million shares traded.

In terms of Buy, Sell or Hold recommendations, Pandora Media Inc (NYSE:P) has analysts' mean recommendation of 2.4. The Point72 Asset Management Lp holds 1.25M shares with $11.15 million value, down from 4.81M last quarter. Therefore 50% are positive. Texas Instruments had 90 analyst reports since July 24, 2015 according to SRatingsIntel. (USA) (NYSE:GG) earned "Hold" rating by BMO Capital Markets on Monday, September 25. The rating was downgraded by Raymond James to "Market Perform" on Tuesday, April 19. The firm has "Neutral" rating given on Tuesday, August 2 by Citigroup.

The company has a 50-day moving average of $13.97 and a 200-day moving average of $12.10.

Investors sentiment increased to 0.33 in 2017 Q2. Its up 0.32, from 0.01 in 2017Q1. Gamco Et Al invested in 379,191 shares. Pnc Grp Inc reported 0% stake. First Foundation Advsr invested in 53,400 shares. Gemmer Asset Mgmt Ltd stated it has 64 shares or 0% of all its holdings. The company has market cap of $1.92 billion. It now has negative earnings. TIAA CREF Investment Management LLC now owns 639,383 shares of the Internet radio service's stock valued at $5,722,000 after buying an additional 1,708 shares during the period. Progressive Corp Ohio (NYSE:PGR) was raised too. Its up 0.36, from 0.96 in 2017Q1. The stock was sold at an average price of $8.42, for a total value of $88,805.74. 43 funds opened positions while 78 raised stakes. Commerzbank Aktiengesellschaft Fi holds 523,012 shares. Guggenheim Ltd Liability Company has invested 0% of its portfolio in Pandora Media Inc (NYSE:P). Parallax Volatility Advisers Limited Partnership reported 241,803 shares stake. Focused Wealth Inc invested in 675 shares or 0% of the stock. About 1.96 million shares traded.

Additionally on 7/05/17 Morgan Stanley "Reinstates" Pandora Media Inc (NYSE:P) to Overweight setting price target at $12 and on 6/26/17 Pacific Crest "Upgrades" the stock to Sector Weight at $0. Moreover, Franklin Resource Inc has 0% invested in Pandora Media Inc (NYSE:P). 18 were accumulated by Sei. Trimble John sold $102,771 worth of Pandora Media Inc (NYSE:P) on Tuesday, May 16. Eminence Capital L P, New York-based fund reported 7.30M shares. Ubs Oconnor invested in 1.13M shares.

Since May 9, 2017, it had 0 buys, and 10 sales for $766,943 activity. Shares for $27,540 were sold by MARTIN CHRISTOPHER DOUGLAS. 8,103 shares valued at $76,037 were sold by GERBITZ DAVID on Tuesday, May 16. Westergren Timothy sold $106,187 worth of stock or 11,316 shares. $110,072 worth of Pandora Media Inc (NYSE:P) was sold by Herring Michael S. Therefore 44% are positive. Macquarie reissued an "outperform" rating and issued a $15.00 price target on shares of Pandora Media in a report on Thursday, July 7th.

Pandora Media Inc (NYSE:P) 52-week high price stands at $14.10 and low price stands at $6.76, its price distance from 52-week high is -47.52% while its distance from 52-week low price is 9.47%. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets. Needham maintained the stock with "Buy" rating in Monday, October 23 report. The firm has "Hold" rating by KeyBanc Capital Markets given on Thursday, September 7. The firm earned "Outperform" rating on Friday, July 24 by IBC.
  
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