Pandora Media (P) Set to Announce Quarterly Earnings on Wednesday

Pandora Media (NYSE:P) is set to issue its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

Shares of Pandora Media (NYSE:P) opened at $4.82 on Wednesday. The company has a market capitalization of $1,200.00, a PE ratio of -1.94 and a beta of -0.48. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media has a twelve month low of $4.09 and a twelve month high of $13.72.

A number of equities research analysts have weighed in on P shares. Zacks Investment Research upgraded Pandora Media from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Wedbush set a $15.00 price objective on Pandora Media and gave the company a “buy” rating in a research note on Monday, October 30th. Canaccord Genuity restated a “buy” rating and set a $14.00 price objective on shares of Pandora Media in a research note on Monday, October 30th. FBR & Co restated a “buy” rating and set a $11.00 price objective on shares of Pandora Media in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus set a $12.00 target price on Pandora Media and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $10.13.

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

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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 for Pandora Media (NYSE:P)

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