Shares Losing Ground: Pandora Media, Inc. (NYSE:P)

Shares Losing Ground: Pandora Media, Inc. (NYSE:P)

Total revenue rose 7.6 percent to $378.6 million in the quarter ended September 30. The insider BENE STEPHEN G sold 6,161 shares worth $57,814. It has outperformed by 69.95% the S&P500.

The stock of Pandora Media Inc (NYSE:P) reached all time low today, Nov, 3 and still has $5.12 target or 7.00% below today's $5.50 share price. This technical setup was reported by Barchart.com.

About 66.20 million shares traded or 983.47% up from the average.

Just yesterday Pandora Media P (NYSE:P) traded 3.31% higher at $5.51. It has underperformed by 2.50% the S&P500.

Pandora Media, Inc.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. The Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements. During yesterday's earnings call, Lynch admitted that improving ad tech was also a matter of streamlining internal processes and "removing inefficiencies in the very manual way the team now needs to work to fulfill orders and requests". Prudential Financial Inc. acquired a new position in Pandora Media during the 2nd quarter worth $109,000.

Investors sentiment increased to 1.32 in Q2 2017. Its up 0.36, from 0.96 in 2017Q1. Robinson Kristen also sold $50,025 worth of Pandora Media Inc (NYSE:P) shares. The company's shares closed yesterday at $5.59, close to its 52-week low of $5.35.

Pandora Media, Inc.'s stock is -28.01% away from its 20-Day Simple Moving Average.

Pandora Media Inc (NYSE:P)'s trailing twelve month revenues are $1.44 Billion, whereas its price to sales ratio for the same period is 1.26. Blair William And Il, Illinois-based fund reported 68,974 shares. Invesco invested 0.01% of its portfolio in Pandora Media Inc (NYSE:P). Teewinot Advisers Ltd Llc holds 0.9% or 206,754 shares in its portfolio. Trimble John also sold $102,771 worth of Pandora Media Inc (NYSE:P) on Tuesday, May 16. Northwestern Mutual Wealth reported 15,015 shares stake. Teton Advsrs accumulated 0.02% or 25,181 shares. (NYSE:P)'s stock was -43.17%. The First American Bank holds 31,852 shares with $2.45M value, down from 39,201 last quarter.

In terms of Buy, Sell or Hold recommendations, Pandora Media Inc (NYSE:P) has analysts' mean recommendation of 2.4. Therefore 30% are positive. Pandora Media had 124 analyst reports since July 24, 2015 according to SRatingsIntel. Finally, Citigroup Inc. reissued a "buy" rating and set a $11.00 target price (down from $12.00) on shares of Pandora Media in a research report on Tuesday, August 1st. The stock has "Sector Weight" rating by Pacific Crest on Monday, June 26. RBC Capital Markets maintained Goldcorp Inc. The stock has "Market Perform" rating by Telsey Advisory Group on Wednesday, March 29. As per Monday, June 26, the company rating was maintained by FBR Capital. Moreover, Paloma Prns Mngmt Company has 0.01% invested in Pandora Media Inc (NYSE:P) for 71,123 shares.

JPMorgan went to Neutral and a $9 price target. The stock was sold at an average price of $8.42, for a total transaction of $55,049.96. The stock declined 1.22% or $0.09 reaching $7.31 per share. Bnp Paribas Arbitrage reported 50,738 shares. GERBITZ DAVID sold $76,037 worth of stock.

Canaccord Genuity reaffirmed their buy rating on shares of Pandora Media, Inc. Its the same as in 2017Q1.

Several institutional investors have recently added to or reduced their stakes in the company. Gamco Et Al invested in 379,191 shares. Harvest Capital Incorporated, New Hampshire-based fund reported 2,245 shares. Hudson Bay Cap Mngmt Ltd Partnership holds 0.11% or 603,800 shares. 409,879 were accumulated by Principal Fincl Gru. Metropolitan Life Insur Company stated it has 16,162 shares. Teacher Retirement System Of Texas has 0.55% invested in CIGNA Corporation (NYSE:CI) for 478,064 shares. Penn Capital Management Co Inc owns 737,758 shares or 0.07% of their U.S. portfolio. Kornitzer Capital Management Inc. Goldman Sachs Gp reported 2.76M shares. Genworth Finl Inc (NYSE:GNW) was raised too. Three investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Therefore 83% are positive. Restoration Hardware Holdings had 82 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Friday, June 9 by Wells Fargo. Needham maintained the stock with "Buy" rating in Monday, October 23 report. The firm earned "Hold" rating on Wednesday, September 6 by Robert W. Baird. The rating was downgraded by Raymond James to "Market Perform" on Tuesday, April 19. Piper Jaffray has "Buy" rating and $191.0 target. The stock has "Overweight" rating by Morgan Stanley on Wednesday, July 5. The firm earned "Sell" rating on Tuesday, August 1 by Bank of America. As per Monday, October 16, the company rating was maintained by KeyBanc Capital Markets.

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