Pandora Media Inc (NYSE:P) shares traded -3.25% down during most recent session to reach at the closing price of $7.73. The stock exchanged hands 7.1 Million shares versus average trading capacity of 8.83 Million shares, yielding a market cap of $1.96 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $7.49 within the next 52-weeks. The mean target projections are based on 21 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 $10 and with a conservative view have low price target of $5.6.
Nomura “Initiates Coverage On” Pandora Media Inc (NYSE:P) in a research note issued to investors on 7/11/18 to Neutral with price target of $8.
Additionally on 5/04/18 Credit Suisse “Maintained” Pandora Media Inc (NYSE:P) to Neutral setting price target at $6 and on 5/04/18 B. Riley FBR “Upgrades” the stock to Buy. Furthermore on 5/04/18 Canaccord Genuity “Maintained” the stock to Buy at $8.
On the other hand the company has Relative Strength Index (RSI 14) of 47.16 along with Average True Range (ATR 14) of 0.3, Consequently Pandora Media Inc (NYSE:P)’s weekly and monthly volatility is 3.42%, 3.75% respectively. The company’s beta value is at -0.58.
In terms of Buy, Sell or Hold recommendations, Pandora Media Inc (NYSE:P) has analysts’ mean recommendation of 2.5. 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 $-0.27 and can go high up to $-0.09. The consensus mean EPS for the current quarter is at $-0.16 derived from a total of 23 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.21 earnings per share for the same quarter during last year.
Previously Pandora Media Inc (NYSE:P) reported $-0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.38 by $0.11. The company posted an earnings surprise of 28.9%.
Pandora Media Inc (NYSE:P)’s revenue estimates for the current quarter are $372.85 Million according to 24 number of analysts, for the current quarter the company has high revenue estimates of $381.51 Million in contradiction of low revenue estimates of $365.12 Million. For the current year the company’s revenue estimates are $1.52 Billion compared to low analyst estimates of $1.49 Billion and high estimates of $1.55 Billion according to 26 number of analysts.
Currently Pandora Media Inc (NYSE:P)’s shares owned by insiders are 2.3%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -2.78%, as well as three-month change in the institutional ownership was recorded 0%.
Pandora Media Inc (NYSE:P)’s trailing twelve month revenues are $1.47 Billion, whereas its price to sales ratio for the same period is 1.33. Its book value per share for the most recent quarter is $0.18 while its price to book ratio for the same period is 42.94, as for as the company’s cash per share for the most recent quarter is $2.15, however its price to cash per share ratio for the same period is 3.59. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.