Pandora Media, Inc. (NYSE:P) – Stock analysts at Dougherty & Co reduced their Q3 2017 EPS estimates for Pandora Media in a research note issued to investors on Thursday. Dougherty & Co analyst S. Frankel now anticipates that the Internet radio service will post earnings of ($0.25) per share for the quarter, down from their prior estimate of ($0.24). Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Pandora Media’s FY2017 earnings at ($1.22) EPS.

Pandora Media (NYSE:P) last posted its earnings results on Monday, July 31st. The Internet radio service reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. The company had revenue of $376.83 million for the quarter, compared to the consensus estimate of $367.51 million. Pandora Media had a negative return on equity of 58.81% and a negative net margin of 39.90%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.12) earnings per share.

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Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reiterated a “buy” rating and issued a $15.00 price objective on shares of Pandora Media in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) lifted their price objective on Pandora Media from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. B. Riley reiterated a “buy” rating and issued a $15.00 price objective on shares of Pandora Media in a report on Tuesday, May 9th. Canaccord Genuity reiterated a “buy” rating and issued a $5.50 price objective on shares of Pandora Media in a report on Thursday, May 11th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $10.50 price objective (down from $16.00) on shares of Pandora Media in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.07.

Shares of Pandora Media (NYSE:P) opened at 8.27 on Monday. Pandora Media has a 52-week low of $6.76 and a 52-week high of $14.98. The company has a 50 day moving average price of $8.89 and a 200-day moving average price of $10.31. The stock’s market capitalization is $2.01 billion.

In related news, CRO John Trimble sold 10,547 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total transaction of $88,805.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Stephen G. Bene sold 6,538 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $55,049.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,366 shares of company stock valued at $342,162. Insiders own 2.59% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Pandora Media by 24.5% in the second quarter. Public Employees Retirement System of Ohio now owns 69,741 shares of the Internet radio service’s stock worth $622,000 after buying an additional 13,742 shares during the last quarter. Highlander Capital Management LLC increased its position in shares of Pandora Media by 100.0% in the second quarter. Highlander Capital Management LLC now owns 26,000 shares of the Internet radio service’s stock worth $228,000 after buying an additional 13,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Pandora Media by 68.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,270 shares of the Internet radio service’s stock worth $377,000 after buying an additional 17,231 shares during the last quarter. PineView Asset Management LP increased its position in shares of Pandora Media by 24.5% in the second quarter. PineView Asset Management LP now owns 1,324,024 shares of the Internet radio service’s stock worth $11,810,000 after buying an additional 260,495 shares during the last quarter. Finally, Alpine Global Management LLC purchased a new position in shares of Pandora Media during the second quarter worth approximately $892,000.

About Pandora Media

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.

Earnings History and Estimates for Pandora Media (NYSE:P)

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