Pandora Media, Inc. (NYSE:P) registered a -0.31% decrease, still its new closing price is 83.10% up from the company’s 1 year high of 14.98.It posted -1.59% losses in previous 5 sessions and is now the subject of 14 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 33 stock analysts following this company have an average price target at $14.48, with individual PT in the $8.00-$20.00 range. The shares moved at $13.00, implying that brokerage firms see shares gaining about 34.16% in twelve months time.
Pandora Media, Inc. (P) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.31% fall year to date. A Chief Technology Officer at Pandora Media, Inc. (P) offloaded shares in a transaction closed on Friday December 16, 2016. MARTIN CHRISTOPHER DOUGLAS sold 2,000 shares in the company at $13.02 each and collected $26,000 in proceeds. MARTIN CHRISTOPHER DOUGLAS now owns 326,668 shares in the company after this transaction. A Chief Technology Officer in the company, MARTIN CHRISTOPHER DOUGLAS, disclosed a transaction on Thursday December 01, 2016 that ended up generating $23,000 from the sale of 2,000 shares at $11.54 per share.
Pandora Media, Inc. (NYSE:P) Upcoming Results on Tap
Pandora Media, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.13 in that period. Sales during the quarter are predicted to arrive at $342.47 million.
Earnings surprise history: Last quarter, the company posted approximately $351.9 million in revenue and EPS of $-0.07. The mean forecast was for $366.34 million and $-0.06 a share, respectively. One quarter earlier, revenue for the stock was at $343.02 million, with earnings at $-0.12/share.
Pandora Media, Inc. (P) Brokerage Update
Pandora Media, Inc. (P) is in Barrington Research’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Outperform by Barrington Research, according to news reported on Tuesday January 03, 2017.Another important research note was issued by Oppenheimer on Tuesday December 06, 2016.The firm upgraded P to Outperform from Perform. Over the last six months and over the last three months, the shares of Pandora Media, Inc. (P), have changed -3.70% and 13.34%, respectively.