Pandora Media (P) : The most positive equity analysts on Pandora Media (P) expects the shares to touch $19, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $14.63 with an expected fluctuation of $2.75 from the mean.
Pandora Media (P), A reduction of 3,723,876 shares or 7.3% was observed in the short interest of Pandora Media Inc The interest on June 30,2016 came in at 47,614,281 shares and as per the average daily trading of 6,247,473 shares, the days to cover are 8. The reduced interest is 21.8% of the floated shares. The data of June 15,2016 put the interest at 51,338,157 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Morgan Stanley upgrades its rating on Pandora Media (NYSE:P). The global brokerage major raises the current price target from $11 per share to $15 per share. Analysts at the Morgan Stanley have a current rating of Overweight on the shares. The shares were previously rated Equalweight. The rating by the firm was issued on June 27, 2016.
Pandora Media (NYSE:P): On Thursdays trading session , Opening price of the stock was $13.33 with an intraday high of $13.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.02. However, the stock managed to close at $13.04, a loss of 1.29% for the day. On the previous day, the stock had closed at $13.21. The total traded volume of the day was 5,737,599 shares.
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 Companys technologies include Music Genome Project and Comedy Genome Project.