Short Interest in Pandora Media Inc (NYSE:P) Declines By 10.3%

Stifel Nicolaus set a $12.00 target price on shares of Pandora Media and gave the stock a buy rating in a research report on Tuesday, October 31st. As per Wednesday, July 5, the company rating was maintained by Morgan Stanley. China Lodging had 14 analyst reports since August 18, 2015 according to SRatingsIntel. M Partners maintained the shares of P in report on Thursday, December 17 with "Neutral" rating.

At the end of 09/30/2017 reporting period, 110 institutional holders increased their position in Pandora Media, Inc. FBR & Co restated a "buy" rating and set a $11.00 price objective on shares of Pandora Media in a research report on Monday, September 25th. Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock.

Pandora Media Inc (NYSE:P) was the recipient of a large decline in short interest in December. The company's stock had a trading volume of 9,033,500 shares, compared to its average volume of 8,716,972. However a year ago for the same quarter the company has reported $-0.13 EPS. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 4.20 as current ratio and on the opponent side the debt to equity ratio was 1.58 and long-term debt to equity ratio also remained 1.58. Pandora Media Inc has a 12 month low of $4.44 and a 12 month high of $13.72. Pandora Media Inc (NYSE:P)'s price to free cash flow for trailing twelve months is 0. The Internet radio service reported ($0.06) EPS for the quarter, topping the Zacks' consensus estimate of ($0.08) by $0.02. According to their predictions high & low revenue estimates are 395.97 Million and 365.07 Million respectively. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The business's quarterly revenue was up 7.6% compared to the same quarter a year ago. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.02. Raymond James And Associate owns 0% invested in Pandora Media, Inc. The stock was sold at an average price of $5.11, for a total transaction of $40,711.37. The firm owned 197,072,780 shares of the company's stock after buying an additional 2,928,463 shares during the period. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction that occurred on Thursday, December 21st.

In the transaction dated November 16, 2017, the great number of shares disposed came courtesy the Chief Product Officer; Phillips Christopher W disposed a total of 9,988 shares at an average price of $5.11, amounting to approximately $51,039. The Sanctuary Wealth Advisors Llc holds 32,587 shares with $3.87 million value, down from 43,986 last quarter. The disclosure for this sale can be found here. The market capitalization of the company is $2.98 Billion.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pandora Media Inc now has $1.13B valuation. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service's stock worth $161,092,000 after buying an additional 829,682 shares during the last quarter. Pandora Media's revenue was up 7.6% compared to the same quarter last year. equities research analysts expect that Pandora Media will post -1.09 earnings per share for the current fiscal year. Currently, 25.9% of the shares of the stock are short sold. US Bancorp DE now owns 17,597 shares of the Internet radio service's stock worth $219,000 after buying an additional 135 shares in the last quarter. Symmetry Peak Management LLC acquired a new position in Pandora Media during the 2nd quarter valued at approximately $112,000. On Thursday, November 2 the stock rating was maintained by RBC Capital Markets with "Hold". Finally, State Street Corp boosted its holdings in shares of Pandora Media by 2.0% during the second quarter.

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