It operates ticketing service through its subsidiary, Ticketfly, a live events technology company that provides ticketing and marketing software and services for its clients, which are venues and event promoters, across North America. Aperio Group LLC purchased a new stake in shares of Pandora Media during the 2nd quarter valued at approximately $115,000. KS now owns 1,930,863 shares of the Internet radio service's stock valued at $14,868,000 after buying an additional 170,728 shares during the last quarter. First Trust Advisors LP increased its stake in Pandora Media by 51.9% in the second quarter. Clearbridge Investments LLC now owns 1,442,865 shares of the Internet radio service's stock worth $17,040,000 after buying an additional 1,439,059 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in Pandora Media by 0.7% in the second quarter. Its segments include Pandora-Internet Radio Service and Ticketfly. Marshall Wace North America L.P. increased its position in Pandora Media by 789.9% during the second quarter. First Republic Invest holds 0% in Pandora Media Inc (NYSE:P) or 11,257 shares. State Street Corp now owns 3,009,871 shares of the Internet radio service's stock valued at $26,850,000 after purchasing an additional 59,948 shares in the last quarter.
Pandora Media, Inc.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, vehicle speakers or live on stage.
COPYRIGHT VIOLATION WARNING: This piece of content was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and reposted in violation of worldwide copyright legislation. The legal version of this piece can be viewed at https://weekherald.com/2017/11/03/pandora-media-inc-p-position-boosted-by-peregrine-capital-management-llc.html. Pandora Media traded as low as $12.25 and last traded at $12.46, with a volume of 7,769,544 shares. The Internet radio service reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Pandora Media had a negative net margin of 23.04% and a negative return on equity of 25.53%.
Investors aren't loving the sound of Pandora's latest earnings release or its forecast for the current quarter. During the same quarter in the prior year, the company earned ($0.07) EPS. The company had revenue of $376.83 million for the quarter, compared to the consensus estimate of $367.51 million. 8,103 shares valued at $76,037 were sold by GERBITZ DAVID on Tuesday, May 16.
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Swiss National Bank decreased Goldcorp Inc New (GG) stake by 1.92% reported in 2017Q2 SEC filing. $96,606 worth of Pandora Media Inc (NYSE:P) was sold by Phillips Christopher W. 10,952 Pandora Media Inc (NYSE:P) shares with value of $102,771 were sold by Trimble John. Following the transaction, the executive vice president now directly owns 355,607 shares of the company's stock, valued at $2,994,210.94. The disclosure for this sale can be found here. Following the transaction, the insider now owns 347,236 shares of the company's stock, valued at $4,972,419.52. The stock has "Buy" rating by Cormark Securities on Monday, May 2. Zacks Investment Research raised shares of Pandora Media from a "sell" rating to a "hold" rating in a research note on Wednesday, October 18th. The stock of Pandora Media Inc (NYSE:P) earned "Outperform" rating by Barrington Research on Friday, September 25. Pandora Media had 132 analyst reports since July 24, 2015 according to SRatingsIntel.
BMO Capital "Maintained" Pandora Media Inc (NYSE:P) in a research note issued to investors on 8/01/17 to Market Perform with price target of $11. Pandora Media, Inc.'s EPS for the trailing 12 months is -2.41. Three equities research analysts have rated the stock with a sell recommendation, twenty-one have given a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. Pacific Crest downgraded Pandora Media Inc (NYSE:P) on Friday, July 22 to "Underweight" rating.
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, auto speakers or live on stage. The company faces pressure in listener hours and in key brand advertising. It turned negative, as 36 investors sold Superior Plus Corp. shares while 88 reduced holdings.