$374.85 Million in Sales Expected for Pandora Media Inc (P) This Quarter

Brokerages expect that Pandora Media Inc (NYSE:P) will post sales of $374.85 million for the current quarter, according to Zacks. Eleven analysts have issued estimates for Pandora Media’s earnings. The highest sales estimate is $380.00 million and the lowest is $371.36 million. Pandora Media reported sales of $392.60 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.5%. The company is expected to announce its next earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that Pandora Media will report full-year sales of $374.85 million for the current financial year, with estimates ranging from $1.37 billion to $1.48 billion. For the next year, analysts forecast that the business will report sales of $1.55 billion per share, with estimates ranging from $1.47 billion to $1.70 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Pandora Media.

A number of analysts recently weighed in on the stock. Raymond James Financial reiterated a “hold” rating on shares of Pandora Media in a research report on Thursday, December 14th. B. Riley downgraded shares of Pandora Media from a “buy” rating to a “neutral” rating and cut their price target for the company from $11.00 to $8.00 in a research report on Friday, November 3rd. SunTrust Banks set a $7.00 price target on shares of Pandora Media and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus downgraded shares of Pandora Media from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $8.00 in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $9.00 target price on shares of Pandora Media in a report on Friday, November 3rd. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Pandora Media has a consensus rating of “Hold” and an average price target of $10.13.

In related news, General Counsel Stephen G. Bene sold 7,967 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $40,711.37. Following the completion of the transaction, the general counsel now directly owns 330,865 shares of the company’s stock, valued at $1,690,720.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Roger Lynch sold 78,707 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total transaction of $375,432.39. Following the completion of the transaction, the chief executive officer now directly owns 701,607 shares of the company’s stock, valued at $3,346,665.39. The disclosure for this sale can be found here. Insiders sold 116,389 shares of company stock worth $567,987 over the last quarter. 2.59% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Pandora Media by 4.8% in the second quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock valued at $161,092,000 after buying an additional 829,682 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Pandora Media by 254.2% in the third quarter. Oppenheimer & Co. Inc. now owns 54,900 shares of the Internet radio service’s stock valued at $422,000 after buying an additional 39,400 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Pandora Media by 1.7% in the third quarter. Russell Investments Group Ltd. now owns 1,481,600 shares of the Internet radio service’s stock valued at $11,409,000 after buying an additional 25,132 shares in the last quarter. Teton Advisors Inc. grew its stake in shares of Pandora Media by 200.7% in the third quarter. Teton Advisors Inc. now owns 75,721 shares of the Internet radio service’s stock valued at $583,000 after buying an additional 50,540 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Pandora Media by 2.0% in the second quarter. State Street Corp now owns 3,009,871 shares of the Internet radio service’s stock valued at $26,850,000 after buying an additional 59,948 shares in the last quarter.

Shares of Pandora Media (NYSE P) traded down $0.06 during trading hours on Friday, hitting $4.59. 6,451,537 shares of the company were exchanged, compared to its average volume of 9,017,722. The firm has a market cap of $1,156.84, a P/E ratio of -1.85 and a beta of -0.48. The company has a quick ratio of 4.18, a current ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media has a 1-year low of $4.09 and a 1-year high of $13.72.

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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.

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

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