The Q4 2016 Earnings Forecast for Pandora Media Inc. (P) Issued By Dougherty & Co

The Q4 2016 Earnings Forecast for Pandora Media Inc. (P) Issued By Dougherty & Co

Pandora Media Inc. (NYSE:P) – Analysts at Dougherty & Co issued their Q4 2016 earnings per share estimates for Pandora Media in a report released on Wednesday. Dougherty & Co analyst S. Frankel anticipates that the firm will post earnings of ($0.44) per share for the quarter.

P has been the topic of a number of other reports. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of Pandora Media in a research report on Monday, September 26th. Macquarie restated an “outperform” rating and set a $17.00 target price (up previously from $16.00) on shares of Pandora Media in a report on Monday, August 29th. MKM Partners boosted their target price on shares of Pandora Media from $23.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Stifel Nicolaus boosted their target price on shares of Pandora Media from $15.00 to $16.00 and gave the company a “buy” rating in a report on Monday, October 24th. Finally, FBR & Co restated an “outperform” rating and set a $16.00 target price on shares of Pandora Media in a report on Tuesday, August 23rd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Pandora Media presently has an average rating of “Hold” and an average target price of $15.02.

Shares of Pandora Media (NYSE:P) opened at 11.47 on Monday. The company’s 50-day moving average is $13.45 and its 200-day moving average is $12.27. Pandora Media has a 12-month low of $7.10 and a 12-month high of $16.23. The stock’s market cap is $2.66 billion.

Pandora Media (NYSE:P) last posted its quarterly earnings data on Tuesday, October 25th. The Internet radio service reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.01. Pandora Media had a negative return on equity of 30.45% and a negative net margin of 20.50%. The company had revenue of $351.90 million for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. raised its stake in Pandora Media by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,032,903 shares of the Internet radio service’s stock worth $45,044,000 after buying an additional 110,180 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Pandora Media by 18.9% in the second quarter. UBS Asset Management Americas Inc. now owns 182,998 shares of the Internet radio service’s stock worth $2,279,000 after buying an additional 29,098 shares during the last quarter. Westpac Banking Corp raised its stake in Pandora Media by 13.7% in the second quarter. Westpac Banking Corp now owns 82,760 shares of the Internet radio service’s stock worth $1,030,000 after buying an additional 10,000 shares during the last quarter. LPL Financial LLC raised its stake in Pandora Media by 8.6% in the first quarter. LPL Financial LLC now owns 146,558 shares of the Internet radio service’s stock worth $1,316,000 after buying an additional 11,630 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Pandora Media by 308.2% in the first quarter. BlackRock Inc. now owns 25,287 shares of the Internet radio service’s stock worth $227,000 after buying an additional 19,093 shares during the last quarter.

In related news, insider Christopher Douglas Martin sold 6,667 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $14.32, for a total value of $95,471.44. Following the completion of the sale, the insider now directly owns 347,236 shares in the company, valued at $4,972,419.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.64% of the stock is owned by corporate insiders.

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