Pandora Media (P) Earns Daily News Impact Score of 0.08

News stories about Pandora Media (NYSE:P) have trended somewhat positive recently, according to Alpha One. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pandora Media earned a news impact score of 0.08 on Alpha One’s scale. Alpha One also assigned media stories about the Internet radio service an impact score of 77 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Alpha One Sentiment Analysis’s scoring:

P has been the subject of a number of research analyst reports. BMO Capital Markets raised their price objective on Pandora Media to $13.00 in a research report on Tuesday, February 21st. Zacks Investment Research upgraded Pandora Media from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, February 17th. B. Riley restated a “buy” rating and set a $17.00 price objective on shares of Pandora Media in a research report on Wednesday, February 15th. Vetr upgraded Pandora Media from a “hold” rating to a “buy” rating and set a $13.38 price objective for the company in a research report on Monday, February 13th. Finally, Aegis restated a “buy” rating on shares of Pandora Media in a research report on Wednesday, March 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.32.

Shares of Pandora Media (NYSE:P) traded up 1.19% during trading on Friday, reaching $8.52. 62,572,673 shares of the company were exchanged. The firm has a 50-day moving average price of $9.82 and a 200-day moving average price of $11.78. Pandora Media has a 1-year low of $8.14 and a 1-year high of $14.98. The stock’s market capitalization is $2.05 billion.

Pandora Media (NYSE:P) last released its earnings results on Monday, May 8th. The Internet radio service reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.50) by $0.13. The company had revenue of $316 million for the quarter, compared to analyst estimates of $318.15 million. Pandora Media had a negative net margin of 41.86% and a negative return on equity of 104.31%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.20) EPS. Equities research analysts predict that Pandora Media will post ($0.52) earnings per share for the current fiscal year.

In other news, insider Christopher Douglas Martin sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $9.18, for a total value of $27,540.00. Following the sale, the insider now directly owns 257,921 shares in the company, valued at approximately $2,367,714.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Gerbitz sold 8,103 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $9.38, for a total transaction of $76,006.14. Following the completion of the sale, the executive vice president now owns 255,943 shares in the company, valued at $2,400,745.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,384 shares of company stock worth $735,303. 6.64% of the stock is owned by company insiders.

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Pandora Media Company Profile

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, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “P”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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