Pandora Media Inc (NYSE:P) shares traded 1.7% up during most recent session to reach at the closing price of $8.95. The stock exchanged hands 9.55 Million shares versus average trading capacity of 10.03 Million shares, yielding a market cap of $2.39 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $9.58 within the next 52-weeks. The mean target projections are based on 20 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 $13 and with a conservative view have low price target of $5.6.
BMO Capital “Downgrades” Pandora Media Inc (NYSE:P) in a research note issued to investors on 10/01/18 to Market Perform with price target of $10.
Additionally on 9/27/18 RBC Capital “Downgrades” Pandora Media Inc (NYSE:P) to Sector Perform setting price target at $10 and on 9/25/18 Credit Suisse “Maintained” the stock to Neutral at $10.8. Furthermore on 9/25/18 Raymond James “Downgrades” the stock to Market Perform at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 49.19 along with Average True Range (ATR 14) of 0.36, Consequently Pandora Media Inc (NYSE:P)’s weekly and monthly volatility is 3.32%, 4.06% respectively. The company’s beta value is at -0.67.
In terms of Buy, Sell or Hold recommendations, Pandora Media Inc (NYSE:P) has analysts’ mean recommendation of 2.7. 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 $-0.21 and can go high up to $-0.06. The consensus mean EPS for the current quarter is at $-0.11 derived from a total of 24 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.06 earnings per share for the same quarter during last year.
Previously Pandora Media Inc (NYSE:P) reported $-0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.16 by $0.01. The company posted an earnings surprise of 6.3%.
Pandora Media Inc (NYSE:P)’s revenue estimates for the current quarter are $401.31 Million according to 26 number of analysts, for the current quarter the company has high revenue estimates of $416.82 Million in contradiction of low revenue estimates of $390 Million. For the current year the company’s revenue estimates are $1.55 Billion compared to low analyst estimates of $1.52 Billion and high estimates of $1.6 Billion according to 28 number of analysts.
Currently Pandora Media Inc (NYSE:P)’s shares owned by insiders are 2.1%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -5.95%, as well as three-month change in the institutional ownership was recorded 0%.
Pandora Media Inc (NYSE:P)’s trailing twelve month revenues are $1.48 Billion, whereas its price to sales ratio for the same period is 1.62. Its book value per share for the most recent quarter is $0.35 while its price to book ratio for the same period is 25.57, as for as the company’s cash per share for the most recent quarter is $1.58, however its price to cash per share ratio for the same period is 5.68. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.