Pandora Media, Inc. (P) Next Move

Pandora Media, Inc. (NYSE:P) stock is presently standing at about $8.77 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 22 analysts covering the company is $11.50, which suggests the stock could still rise over 24 percent. The highest analyst price target is $18.00, which implies a rally of -5 percent. And a quick view of analyst notes show that 10 are rating the stock a buy while 6 rate P a strong buy. There are 13 equity research firms advocating a Hold and 0 consider it Sell.

Pacific Crest analysts provided their view on Pandora Media, Inc. (NYSE:P) recently. The rating firm issued a Sector Weight rating to this company in a research note released on Jun 26, 2017. Gabelli & Co analysts disclosed their opinion on Pandora Media, Inc. (NYSE:P) recently. The rating firm gave a Buy rating to this stock in a research note published on Jun 21, 2017. According to a research note disclosed on Jun 12, 2017, analysts at FBR & Co. have upped their rating on these shares from Mkt Perform to Outperform.

Pandora Media, Inc. (NYSE:P) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Chief Technology Officer MARTIN CHRISTOPHER DOUGLAS Sold 257,921 company shares for 27,540, in a transaction on May 30. Following the transaction, the Chief Technology Officer is left with a stake of 3,000 shares, currently valued at $26,310. Meanwhile, CEO & Founder Westergren Timothy sold 1,505,388 shares worth $106,187, through a transaction dated May 16. Following the completion of the transaction, the insider is left with a stake of 11,316 shares, amounting $99,241. P Chief Revenue Officer Trimble John also sold 352,948 shares, at a stock price of $9.38. This transaction occurred on May 16 totals $102,771. After this transaction, the insider’s stake stands at 10,952 shares, with a market value of $96,049.

Executives hold 3.12 percent of the stock. MATRIX CAPITAL MANAGEMENT COMPANY, LP is one of the biggest insider owners in Pandora Media, Inc. (NYSE:P), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 23,310,216 shares which have current market value of around $204,430,594.CORVEX MANAGEMENT LP is another major inside shareholder in the company. The insider owns 20,762,824 shares as of 03/31/2017, currently worth $182,089,966. VANGUARD GROUP INC is ranked as third insider holder of the stock. This insider holds 17,229,855 shares with a market value around $151,105,828 as of recent close.

Pandora Media, Inc. (NYSE:P) Earnings Outlook

In Pandora Media, Inc. (NYSE:P)’s latest quarter, EPS moved to $-0.24 from $-0.13 in preceding quarter and revenues reached at $316.00M compared to $392.60M. Analysts had expected Pandora Media, Inc. (NYSE:P) to post net income of about $-0.34 per share on $318.15M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.23 to $0.02. That is compared with the $-0.12 in EPS it reported during the same period a year ago.