Pandora Media, Inc.s in-depth stock price analysis indicates that the stock price has rallied 13.32% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -8.99% . Looking at the past 52 week period, the stock price is up at 60.63% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Pandora Media, Inc. has a positive value of 45.7 compared to overall market. Pandora Media, Inc. (NYSE:P) has tumbled 2.36% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.71% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.14%. Pandora Media, Inc. (NYSE:P) has underperformed the index by 1.1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Pandora Media, Inc. (NYSE:P) : On Friday heightened volatility was witnessed in Pandora Media, Inc. (NYSE:P) which led to swings in the share price. The stock opened for trading at $12.65 and hit $13.24 on the upside , eventually ending the session at $12.85, with a gain of 1.82% or 0.23 points. The heightened volatility saw the trading volume jump to 13,932,090 shares. The 52-week high of the share price is $14.98 and the company has a market cap of $2,998 million. The 52-week low of the share price is at $7.1 .
Pandora Media Inc Last issued its quarterly earnings results on Feb 9, 2017. The company reported $-0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.11. Analyst had a consensus of $-0.24. The company had revenue of $392.60 million for the quarter, compared to analysts expectations of $368.40 million. The companys revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Aegis Capital on Jan 13, 2017 to Buy, Raises Price Target to $ 17 from a previous price target of $16 .Company shares were Reiterated by FBR & Co. on Jan 13, 2017 to Mkt Perform, Raises Price Target to $ 14 from a previous price target of $12 .Pandora Media Inc was Downgraded by Barrington Research to Mkt Perform on Jan 3, 2017. Pandora Media Inc was Upgraded by Oppenheimer to Outperform on Dec 6, 2016. Pandora Media Inc was Initiated by Aegis Capital to Buy on Dec 6, 2016.
Company has reported several Insider transactions to the SEC, on Dec 19, 2016, Christopher Douglas Martin (Chief Technology Officer) sold 2,000 shares at 13.02 per share price.On Nov 17, 2016, Christopher W Phillips (Chief Product Officer) sold 731 shares at 10.83 per share price.On Jun 2, 2016, Timothy Leiweke (director) purchased 10,000 shares at 11.64 per share price.
Pandora Media, Inc. operates as a provider of Internet radio in the United States. It provides services to traditional computers, smartphones, such as Android phones, Blackberry phones and the iPhone. When a listener enters a single song, artist, composer or genre to start a station, its mathematical algorithms combine the genes cataloged with individual and collective feedback to suggest songs and build personalized playlists. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio. Pandora Media, Inc., formerly known as Savage Beast Technologies Incorporated, is based in Oakland, California.