Pandora Media Target of Unusually Large Options Trading (NYSE:P)

Bruno Cirelli
Agosto 2, 2017

We have taken a number of steps to hone the company's strategy and position Pandora to continue to build audience and extend monetization through a combination of advertising and subscription revenue streams.

Pandora's active listener base fell to its lowest point in over three years in the quarter to end of June - as the company's net losses in the first six months of 2017 clocked up to an eye-watering $407.4m. Virtu Financial LLC acquired a new position in Pandora Media during the second quarter worth $121,000. Vanguard Group Inc. now owns 17,229,855 shares of the Internet radio service's stock worth $203,485,000 after buying an additional 695,819 shares during the period. Gruss & Co. Inc. now owns 16,000 shares of the Internet radio service's stock valued at $189,000 after buying an additional 1,000 shares during the period. Waldron LP bought a new position in Pandora Media during the first quarter valued at about $167,000. Pandora Media's revenue was up 9.9% on a year-over-year basis.

Shares of Pandora Media (P) opened at 9.47 on Friday. CIBC reissued a "market perform" rating and set a $18.00 price target on shares of Pandora Media in a research note on Monday, June 12th. The stock's market capitalization is $2.28 billion. The stock has a 50-day moving average price of $8.67 and a 200-day moving average price of $10.77. The ratio has dropped, as 124 investment managers started new and increased stock positions, while 107 sold and reduced their stock positions in Pandora Media Inc. Stock traders acquired 13,874 call options on the stock.

Pandora reported a bigger loss and falling listener hours, but the quarterly results announced Monday were apparently better than Wall Street anticipated, so the stock jumped 4 percent after the closing bell.

The company's total revenue rose almost 10 percent to $376.8 million, beating the average analyst estimate of $368.7 million, according to Thomson Reuters I/B/E/S.

On the other hand the company has Relative Strength Index (RSI 14) of 45.08 along with Average True Range (ATR 14) of 0.39, Consequently Pandora Media Inc (NYSE:P)'s weekly and monthly volatility is 4.41%, 3.86% respectively.

Revenues (GAAP) were $376.8 million, compared to analyst estimates of $368.87 million. During the same period in the prior year, the company earned ($0.12) earnings per share. Similarly, whereas, the industry's and sector's high P/E for the past year is 48.24 and 36.92 respectively and low P/E ratio for the last 5 years is 18.5 for the industry and 13.98 for the Sector. During the same period past year, the firm posted ($0.20) EPS.

WARNING: This piece of content was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright legislation. Gilder Gagnon Howe & Ltd Liability Company has invested 0% in Pandora Media Inc (NYSE:P). Pandora Media, Inc.'s trailing 12- months EPS is -1.54. Canaccord Genuity restated a "buy" rating and issued a $5.50 price target on shares of Pandora Media in a research report on Thursday, May 11th.

Pandora Media, Inc. shares increased 0 percent over the past week and rose 6.17 percent over the previous month. The analyst recommendations from a month ago are 1 Buy, 12 Strong Buy, 1 Sell, 1 Hold and 10. Stifel Nicolaus has "Hold" rating and $130.0 target.

In other Pandora Media news, President Michael S. Herring sold 11,730 shares of the firm's stock in a transaction that occurred on Tuesday, May 16th.

On 5/30/2017 Christopher Douglas Martin, Insider, sold 3,000 with an average share price of $9.18 per share and the total transaction amounting to $27,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were sold at an average price of $9.38, for a total value of $76,006.14. Following the transaction, the general counsel now owns 272,060 shares of the company's stock, valued at approximately $2,551,922.80.

The lowered forecast reflects adjustments related to Pandora's sale of its ticketing firm, Ticketfly, and the closure of Australia and New Zealand operations in June. The insider Westergren Timothy sold 11,316 shares worth $106,187.

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