Pandora Media Inc (NYSE:P) shares traded 5.49% up during most recent session to reach at the closing price of $9.42. The stock exchanged hands 22.69 Million shares versus average trading capacity of 8.88 Million shares, yielding a market cap of $2.26 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $13.5 within the next 52-weeks. The mean target projections are based on 25 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Pandora Media Inc (NYSE:P) high price target of $18 and with a conservative view have low price target of $8.
Barrington Research “Downgrades” Pandora Media Inc (NYSE:P) in a research note issued to investors on 1/03/17 to Market Perform with price target of $0.
Additionally on 12/06/16 Aegis Capital “Initiates Coverage On” Pandora Media Inc (NYSE:P) to Buy setting price target at $16 and on 12/06/16 Oppenheimer “Upgrades” the stock to Outperform at $18. Furthermore on 11/23/16 MKM Partners “Maintained” the stock to Neutral at $12.
On the other hand the company has Relative Strength Index (RSI 14) of 35.13 along with Average True Range (ATR 14) of 0.42, Consequently Pandora Media Inc (NYSE:P)’s weekly and monthly volatility is 4.84%, 3.80% respectively. The company’s beta value is at 0.07.
In terms of Buy, Sell or Hold recommendations, Pandora Media Inc (NYSE:P) has analysts’ mean recommendation of 2.4. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Pandora Media Inc (NYSE:P)’s minimum EPS for the current quarter is at $-0.42 and can go high up to $-0.18. The consensus mean EPS for the current quarter is at $-0.25 derived from a total of 27 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.12 earnings per share for the same quarter during last year.
Previously Pandora Media Inc (NYSE:P) reported $-0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.34 by $0.1. The company posted an earnings surprise of 29.4%.
Pandora Media Inc (NYSE:P)’s revenue estimates for the current quarter are $369.31 Million according to 25 number of analysts, for the current quarter the company has high revenue estimates of $374.17 Million in contradiction of low revenue estimates of $361.87 Million. For the current year the company’s revenue estimates are $1.58 Billion compared to low analyst estimates of $1.5 Billion and high estimates of $1.64 Billion according to 26 number of analysts.
Currently Pandora Media Inc (NYSE:P)’s shares owned by insiders are 2%, whereas shares owned by institutional owners are 98.2%. However the six-month change in the insider ownership was recorded -6.85%, as well as three-month change in the institutional ownership was recorded 3.68%.
Pandora Media Inc (NYSE:P) 52-week high price stands at $14.98 and low price stands at $8.92, its price distance from 52-week high is -37.12% while its distance from 52-week low price is 5.61%. The stock hit its 52-week high on 09/07/16, and 52-week low on 05/17/17.
Pandora Media Inc (NYSE:P)’s trailing twelve month revenues are $1.4 Billion, whereas its price to sales ratio for the same period is 1.56. Its book value per share for the most recent quarter is $1.95 while its price to book ratio for the same period is 4.83, as for as the company’s cash per share for the most recent quarter is $0.87, however its price to cash per share ratio for the same period is 10.79. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.