Partners Capital Investment Group Holdings LLC Invests $579,000 in Pandora Media Inc (P)
Partners Capital Investment Group Holdings LLC acquired a new stake in Pandora Media Inc (NYSE:P) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 75,242 shares of the Internet radio service’s stock, valued at approximately $579,000.
Other large investors also recently bought and sold shares of the company. Falcon Point Capital LLC purchased a new stake in shares of Pandora Media in the second quarter worth approximately $102,000. Prudential Financial Inc. purchased a new stake in shares of Pandora Media in the second quarter worth approximately $109,000. Symmetry Peak Management LLC purchased a new stake in shares of Pandora Media in the second quarter worth approximately $112,000. Aperio Group LLC purchased a new stake in shares of Pandora Media in the second quarter worth approximately $115,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Pandora Media in the third quarter worth approximately $111,000.
P has been the topic of several research reports. Zacks Investment Research downgraded Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Stifel Nicolaus set a $12.00 price objective on Pandora Media and gave the stock a “buy” rating in a report on Tuesday, October 31st. Canaccord Genuity restated a “buy” rating and set a $14.00 price objective on shares of Pandora Media in a report on Monday, October 30th. FBR & Co restated a “buy” rating and set a $11.00 price objective on shares of Pandora Media in a report on Tuesday, October 31st. Finally, BMO Capital Markets upgraded Pandora Media from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $11.00 to $7.00 in a report on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.11.
In other Pandora Media news, EVP David Gerbitz sold 9,523 shares of Pandora Media stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $48,662.53. Following the completion of the transaction, the executive vice president now owns 316,084 shares in the company, valued at approximately $1,615,189.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher W. Phillips sold 9,988 shares of Pandora Media stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $51,038.68. Following the transaction, the insider now owns 413,884 shares of the company’s stock, valued at approximately $2,114,947.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,682 shares of company stock valued at $192,555. 2.59% of the stock is currently owned by insiders.
Pandora Media Inc (P) remained flat at $$4.77 during trading on Tuesday. The company’s stock had a trading volume of 12,477,600 shares, compared to its average volume of 9,831,920. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18. Pandora Media Inc has a fifty-two week low of $4.44 and a fifty-two week high of $14.10.
Pandora Media (NYSE:P) last posted its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. research analysts expect that Pandora Media Inc will post -1.09 earnings per share for the current fiscal year.
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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.
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