Pandora Media Inc (P) is Reiterated by Credit Suisse to Neutral, Lowers Price Target to $ 14

Pandora Media Inc (P) was Reiterated by Credit Suisse to “Neutral” while Lowering the Price Target of the company shares to $ 14 from a previous price target of $16 . Credit Suisse advised their investors in a research report released on Oct 17, 2016.

Many Wall Street Analysts have commented on Pandora Media Inc. Pandora Media Inc was Downgraded by BofA/Merrill to ” Underperform” on Oct 17, 2016. Company shares were Reiterated by Mizuho on Sep 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Company shares were Reiterated by Canaccord Genuity on Sep 14, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $14 .

On the company’s financial health, Pandora Media Inc reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.30. The company had revenue of $297.31 million for the quarter, compared to analysts expectations of $285.23 million. The company’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Pandora Media Inc closed down -0.34 points or -2.58% at $12.83 with 54,60,489 shares getting traded on Friday. Post opening the session at $13.22, the shares hit an intraday low of $12.76 and an intraday high of $13.405 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 19, 2016, Christopher Douglas Martin (Chief Technology Officer) sold 2,000 shares at $13.37 per share price. According to the SEC, on Aug 17, 2016, Christopher W Phillips (Chief Product Officer) sold 732 shares at $12.90 per share price. On Jun 2, 2016, Timothy Leiweke (director) purchased 10,000 shares at $11.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Pandora Media Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones tablets computers and car audio systems as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips audio on supported devices and timeout-free listening. The Company’s technologies include Music Genome Project and Comedy Genome Project.

Pandora Media Inc

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