Insider Selling: Pandora Media Inc (P) CMO Sells $557,736.30 in Stock

Pandora Media Inc (NYSE:P) CMO S Aimee Lapic sold 62,667 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $8.90, for a total transaction of $557,736.30. Following the completion of the transaction, the chief marketing officer now directly owns 436,335 shares of the company’s stock, valued at $3,883,381.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

S Aimee Lapic also recently made the following trade(s):

  • On Monday, November 19th, S Aimee Lapic sold 96,814 shares of Pandora Media stock. The stock was sold at an average price of $8.86, for a total transaction of $857,772.04.

Shares of NYSE:P opened at $8.54 on Friday. Pandora Media Inc has a 52 week low of $4.09 and a 52 week high of $10.07. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 4.85. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -6.89 and a beta of -0.42.

Pandora Media (NYSE:P) last issued its earnings results on Monday, November 5th. The Internet radio service reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.05. Pandora Media had a negative net margin of 23.85% and a negative return on equity of 330.21%. The firm had revenue of $417.63 million during the quarter, compared to the consensus estimate of $400.69 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, research analysts anticipate that Pandora Media Inc will post -0.93 EPS for the current year.

A number of equities research analysts recently weighed in on P shares. B. Riley boosted their price target on shares of Pandora Media from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Wedbush set a $10.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Canaccord Genuity set a $10.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of Pandora Media from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Saturday, August 4th. Finally, Raymond James downgraded shares of Pandora Media from a “strong-buy” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Tuesday, September 25th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $8.23.

Large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in Pandora Media by 69.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,328,849 shares of the Internet radio service’s stock valued at $10,472,000 after purchasing an additional 546,076 shares in the last quarter. Castleark Management LLC bought a new stake in Pandora Media in the second quarter valued at approximately $5,103,000. Canada Pension Plan Investment Board acquired a new position in shares of Pandora Media in the second quarter valued at approximately $2,452,000. Point72 Hong Kong Ltd boosted its holdings in shares of Pandora Media by 1,540.6% in the second quarter. Point72 Hong Kong Ltd now owns 200,000 shares of the Internet radio service’s stock valued at $1,576,000 after buying an additional 187,809 shares during the period. Finally, DSAM Partners London Ltd acquired a new position in shares of Pandora Media in the second quarter valued at approximately $3,112,000.

WARNING: “Insider Selling: Pandora Media Inc (P) CMO Sells $557,736.30 in Stock” was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The original version of this article can be read at https://www.wkrb13.com/2018/11/23/insider-selling-pandora-media-inc-p-cmo-sells-557736-30-in-stock.html.

Pandora Media Company Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora—Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

Featured Story: Why do earnings reports matter?

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

Receive News & Ratings for Pandora Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply