Chief Marketing Officer Lapic S Aimee sold 96,814 shares in Pandora Media, Inc. (NYSE:P) for $402,188 in transaction occurred on 2018/11/19. After making this transaction, the Chief Marketing Officer owns a direct stake of 857,772 shares, worth $3,495,014, as per the last closing price. On 2018/11/16 Bene Stephen G, General Counsel & Secretary at P, dumped 9,729 shares at an average price of $8.9 per share. The selling total is valued at $4,929,872.
Separately, it had been reported that some other P insiders also took part of the insider trading activity. Chief Revenue Officer, Trimble John had divested 11,901 shares for $609,015 through a trade on 2018/11/16. Following this activity, the insider holds 105,919 shares worth $5,292,340 since the company’s last earnings report most bullish Pandora Media, Inc. (NYSE:P) analysts are predicting the share price to blow past $11.5 per share during the next 12 months. The current median share price forecast by them is $9.15, suggesting that the stock could increase 5.29% in that time frame. The average price target of $9.64 calls for a nearly 10.93% increase in the stock price.
Pandora Media, Inc. (P) trading activity significantly improved as the volume at ready counter increased to 10,054,900 shares versus 7,081,775 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 9,500,702 shares. The share price dropped -2.03% in recent trade and currently has a stock-market value of $2.39B. The shares finished at $8.69, after trading as low as $8.67 earlier in the session. It hit an intraday high Friday at $8.91. The stock is now 112.47% above against its bear-market low of $4.09 on January 23, 2018. It has retreated -15.88% since it’s 52-week high of $10.07 reached in September. Now the market price is up 73.8% on the year and up 80.29% YTD.
P’s 50 day simple moving average (SMA 50) price is $8.79 and its 200-day simple moving average (SMA 200) price is $7.42. The company’s stock currently has a total float of 265.9M shares. Its weekly volatility is hovering around 2.55% and felt 2.86% volatility in price over a month. On the upside, the share price will test short term resistance at around $8.84. On a downside, the stock is likely to find some support, which begins at $8.6. The failure to get near-term support could push it to $8.52.
It had seen a negative analyst call from Canaccord Genuity, which downgraded the stock from Buy to Hold on November 06. Analysts at Goldman, shed their positive views on October 25 by lowering it fromBuy to Neutral. The stock lost favor of Needham analysts who expressed their lack of confidence in it using a downgrade from Buy to Hold on September 25.
Also, it is trading at rather expensive levels at just over 43.45x price/book and 1.58x price/sales. Compared to others, Pandora Media, Inc. is in a different league with regards to profitability, having net margins of -23.9%. To put some perspective around this, the industry’s average net margin is 34.42%. P’s ROE is -424%, which is also considerably worse than the industry’s ROE of 12.36%. It’s also very liquid in the near term, with a current ratio of 2.5. The stock has a debt/capital of 4.85.
Shares of Pandora Media, Inc. (P) have dropped -16.4% since the company’s Dec-18 earnings report. Over the past 12 fiscal quarters, Pandora Media, Inc. (NYSE:P) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. P last reported earnings on November 05, 2018 when it released Sep-18 results that exceeded expectations. The company raked in -$0.06 per share, -99.87% change on the same period last year. That was better than consensus for -$0.11. Revenue for the recent quarter stood at $417.63 million, up 10% on last year and above the $401.74 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $416.61 million to $462.5 million, which should be compared with $433.82 million generated last year. EPS is seen in a range of -$6.00E-02 to $0.06, against the $0.04 reported a year ago.