Pandora Media (NYSE:P) Neutral Rating Reconfirmed Today By Credit Suisse; The Target is Set to $5

February 23, 2018 - By Vivian Park

 Pandora Media (NYSE:P) Neutral Rating Reconfirmed Today By Credit Suisse; The Target is Set to $5

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It is negative, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.

Clinton Group Incorporated holds 21,744 shares or 0.02% of its portfolio. 39,278 were accumulated by Trexquant L P. Northwestern Mutual Wealth Com stated it has 15,015 shares or 0% of all its holdings. 883,989 are owned by Natl Bank Of Ny Mellon. Northern Tru invested in 0% or 1.10M shares. Arizona-based Tci Wealth Advsrs Inc has invested 0.01% in Pandora Media, Inc. (NYSE:P). Ipg Ltd Liability has 87,740 shares for 0.23% of their portfolio. Firsthand Capital Mngmt stated it has 1.37% in Pandora Media, Inc. (NYSE:P). Gabelli Funds Lc invested 0.02% in Pandora Media, Inc. (NYSE:P). Bbt Capital Lc holds 0.22% in Pandora Media, Inc. (NYSE:P) or 199,400 shares. Eminence Limited Partnership reported 9.90M shares. Gruss And Com invested in 0.19% or 22,000 shares. First Republic Mngmt holds 0% or 11,357 shares. Highline Mgmt Limited Partnership invested 1.94% in Pandora Media, Inc. (NYSE:P). First Financial Bank Of Omaha holds 80,000 shares.

Since August 31, 2017, it had 0 insider purchases, and 6 selling transactions for $549,316 activity. On Friday, February 16 BENE STEPHEN G sold $57,033 worth of Pandora Media, Inc. (NYSE:P) or 11,260 shares. 10,135 Pandora Media, Inc. (NYSE:P) shares with value of $51,335 were sold by GERBITZ DAVID. The insider Trimble John sold $64,322. $57,757 worth of Pandora Media, Inc. (NYSE:P) was sold by Robinson Kristen.

Pandora Media (NYSE:P) Rating Reaffirmed

Pandora Media (NYSE:P) just had their share rating of a ‘Neutral’ issued by research analysts at Credit Suisse, who now has a $5 PT on the $1.07 billion market cap company or a 16.28 % upside potential. This key information was revealed in analysts report on Thursday morning.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.40, from 1.32 in 2017Q2. It is negative, as 47 investors sold Pandora Media, Inc. shares while 59 reduced holdings. 40 funds opened positions while 58 raised stakes. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported.

Clinton Group Incorporated holds 21,744 shares or 0.02% of its portfolio. 39,278 were accumulated by Trexquant L P. Northwestern Mutual Wealth Com stated it has 15,015 shares or 0% of all its holdings. 883,989 are owned by Natl Bank Of Ny Mellon. Northern Tru invested in 0% or 1.10M shares. Arizona-based Tci Wealth Advsrs Inc has invested 0.01% in Pandora Media, Inc. (NYSE:P). Ipg Ltd Liability has 87,740 shares for 0.23% of their portfolio. Firsthand Capital Mngmt stated it has 1.37% in Pandora Media, Inc. (NYSE:P). Gabelli Funds Lc invested 0.02% in Pandora Media, Inc. (NYSE:P). Bbt Capital Lc holds 0.22% in Pandora Media, Inc. (NYSE:P) or 199,400 shares. Eminence Limited Partnership reported 9.90M shares. Gruss And Com invested in 0.19% or 22,000 shares. First Republic Mngmt holds 0% or 11,357 shares. Highline Mgmt Limited Partnership invested 1.94% in Pandora Media, Inc. (NYSE:P). First Financial Bank Of Omaha holds 80,000 shares.

Since August 31, 2017, it had 0 insider purchases, and 6 selling transactions for $549,316 activity. On Friday, February 16 BENE STEPHEN G sold $57,033 worth of Pandora Media, Inc. (NYSE:P) or 11,260 shares. 10,135 Pandora Media, Inc. (NYSE:P) shares with value of $51,335 were sold by GERBITZ DAVID. The insider Trimble John sold $64,322. $57,757 worth of Pandora Media, Inc. (NYSE:P) was sold by Robinson Kristen.

Pandora Media, Inc. (NYSE:P) Ratings Coverage

Among 39 analysts covering Pandora Media (NYSE:P), 12 have Buy rating, 2 Sell and 25 Hold. Therefore 31% are positive. Pandora Media has $30 highest and $5 lowest target. $12.32’s average target is 186.51% above currents $4.3 stock price. Pandora Media had 146 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Albert Fried on Wednesday, October 26 to “Underweight”. Morgan Stanley maintained the shares of P in report on Tuesday, February 9 with “Equal-Weight” rating. On Tuesday, April 19 the stock rating was downgraded by Raymond James to “Market Perform”. Canaccord Genuity maintained it with “Buy” rating and $18 target in Wednesday, September 14 report. The firm has “Buy” rating given on Tuesday, September 29 by Stifel Nicolaus. The firm earned “Hold” rating on Friday, June 9 by RBC Capital Markets. Northland Capital maintained it with “Outperform” rating and $17 target in Monday, October 26 report. The firm has “Buy” rating by SunTrust given on Saturday, August 15. FBR Capital maintained it with “Hold” rating and $8.0 target in Friday, November 3 report. The firm has “Overweight” rating given on Thursday, March 23 by Piper Jaffray.

The stock decreased 4.87% or $0.22 during the last trading session, reaching $4.3. About 10.38 million shares traded or 0.20% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since February 23, 2017 and is downtrending. It has underperformed by 29.20% the S&P500.

Pandora Media, Inc. provides Internet music platform services in North America. The company has market cap of $1.07 billion. The firm allows its listeners to create personalized stations to access music and comedy catalogs, as well as personalized playlist generating system; and offers Pandora Plus and Pandora Premium, a paid subscription service to listeners. It currently has negative earnings. Pandora Media, Inc. also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms.

More recent Pandora Media, Inc. (NYSE:P) news were published by: Reuters.com which released: “Pandora Media posts smaller fourth-quarter loss” on February 21, 2018. Also Fool.com published the news titled: “Why Pandora Media Inc. Stock Plunged Today” on February 22, 2018. Marketwatch.com‘s news article titled: “Pandora hatches plan to save $45 million, expand in Atlanta” with publication date: January 31, 2018 was also an interesting one.

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