Pandora Media Inc (P) : Opera Trading Capital scooped up 63,700 additional shares in Pandora Media Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 87,210 shares of Pandora Media Inc which is valued at $1,151,172.Pandora Media Inc makes up approximately 0.64% of Opera Trading Capital’s portfolio.
Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in P by selling 1,100,000 shares or 68.75% in the most recent quarter. The Hedge Fund company now holds 500,000 shares of P which is valued at $6,600,000. Pandora Media Inc makes up approx 0.08% of Public Sector Pension Investment Board’s portfolio.California State Teachers Retirement System boosted its stake in P in the latest quarter, The investment management firm added 18,174 additional shares and now holds a total of 467,411 shares of Pandora Media Inc which is valued at $6,398,857. Pandora Media Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Creative Planning boosted its stake in P in the latest quarter, The investment management firm added 6,050 additional shares and now holds a total of 14,367 shares of Pandora Media Inc which is valued at $189,788.
Pandora Media Inc opened for trading at $13.75 and hit $14.24 on the upside on Tuesday, eventually ending the session at $14.13, with a gain of 3.29% or 0.45 points. The heightened volatility saw the trading volume jump to 59,89,510 shares. Company has a market cap of $3,265 M.
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.
Many Wall Street Analysts have commented on Pandora Media Inc. Company shares were Reiterated by MKM Partners on Aug 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11.50 .Pandora Media Inc was Downgraded by Pacific Crest to ” Underweight” on Jul 22, 2016. Pandora Media Inc was Upgraded by Piper Jaffray to ” Overweight” on Jul 13, 2016.
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.