Pandora Media (P) Receives Coverage Optimism Rating of 0.10

News headlines about Pandora Media (NYSE:P) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pandora Media earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the Internet radio service an impact score of 45.2961835627648 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Shares of Pandora Media (NYSE P) opened at 8.44 on Monday. The stock’s market capitalization is $2.05 billion. The company has a 50-day moving average of $8.59 and a 200-day moving average of $9.83. Pandora Media has a 52 week low of $6.76 and a 52 week high of $14.94.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.08. Pandora Media had a negative return on equity of 58.81% and a negative net margin of 39.90%. The business had revenue of $376.83 million during the quarter, compared to the consensus estimate of $367.51 million. During the same period in the prior year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Pandora Media will post ($0.51) EPS for the current year.

Several brokerages recently issued reports on P. B. Riley reissued a “buy” rating and set a $15.00 target price on shares of Pandora Media in a research note on Sunday, May 14th. Wedbush reissued a “buy” rating on shares of Pandora Media in a research note on Wednesday, July 26th. Macquarie reissued a “hold” rating and set a $11.00 target price on shares of Pandora Media in a research note on Tuesday, June 6th. Aegis reissued a “buy” rating and set a $15.00 target price on shares of Pandora Media in a research note on Friday, May 19th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $10.50 price objective (down previously from $16.00) on shares of Pandora Media in a report on Friday, May 19th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.07.

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In other Pandora Media news, CRO John Trimble sold 10,547 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total value of $88,805.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Gerbitz sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $8.34, for a total value of $250,200.00. Following the completion of the transaction, the executive vice president now owns 335,607 shares of the company’s stock, valued at $2,798,962.38. The disclosure for this sale can be found here. Insiders sold a total of 67,366 shares of company stock valued at $564,822 over the last 90 days. 2.59% of the stock is currently owned by corporate insiders.

About Pandora Media

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

Insider Buying and Selling by Quarter for Pandora Media (NYSE:P)

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