|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.05 - 5.40|
|52-week range||4.44 - 14.10|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
It’s been a rough year for Pandora investors, but one analyst sees better days ahead. BMO Capital Markets analyst Daniel Salmon upgraded Pandora shares to Outperform on Thursday, writing that while Pandora “may lack near-term catalysts,” some big picture trends and changes to its business model “are being underappreciated.” The stock is up 3.1% in Thursday trading, though it’s still down some 60% so far this year. Salmon thinks Pandora will still primarily be for listening to music but notes that non-music content tends to be more favorable than recorded songs from a profitability standpoint.
Less than two months after Jana Partners saved Blue Apron’s bacon, the activist hedge fund cut the strings. Jana disclosed in a mid-August regulatory filing that it owned 600,000 Blue Apron (APRN) shares as of the end of the second quarter. Jana, which can take credit for driving Whole Foods Market into the arms of Amazon.com (AMZN), apparently didn’t see the same potential with Blue Apron.
Shares of Pandora jumped nearly 6 percent in premarket trading Thursday after BMO Capital Markets upgraded its outlook on the music streaming service.
NVIDIA, Herbalife, Fossil Group, 1-800-Flowers.com and Pandora Media highlighted as Zacks Bull and Bear of the Day
Jim Cramer zoomed through his take on callers' favorite stocks, including the stock of a music streaming service.
Not much seems to be going right for Pandora (NYSE: P) of late, despite its efforts to trigger a revival. In the recently concluded quarter, the company’s revenues and active listeners once again fell short of analyst expectations, which sent the stock crashing.
Another rough quarter sent shares of the digital music pioneer down to new lows, and a new CEO will try to turn things around.
The stock of music streaming company Pandora Media (P) fell more than 5.5% on November 6, 2017. It was negatively impacted by a weak revenue forecast for 4Q17.
Shares of Pandora Media (P) just couldn't stop bleeding Monday, and the stock is now down 28% just in November. With its 5.5% slide Monday, Pandora stock is now down 60% this year to $5.28. Last Friday, B. Riley FBR cut Pandora to neutral and slashed its price target to $8 from $11. Canaccord Genuity lowered its price target to $11 from $14, saying the company's transition "will likely keep a lid on the stock for now," there is value in Pandora's large, engaged listener base." However, to recommend buying the stock, Canaccord wants to see signs of stable growth.
Pandora Media's (P) third-quarter results benefited from growth in subscription revenues. However, decline in active users remains an overhang.
Pandora hits an all-time low after another disappointing quarterly report, but minority stakeholder Sirius XM could hold the key to turning things around.
In a note to clients, GBH Insights’ Dan Ives wrote, “Apple delivered what we would characterize as robust September results and more importantly gave December guidance which indicates that iPhone X demand is off to a ‘white hot’ start in our opinion.” The stock was last trading up 2.2% at $171.80 a share. Pandora (P) shares are plunging in intraday trading after the music-streaming company reported its number of active listeners declined on a year-over-year basis, and posted third quarter revenue and current-quarter sales guidance that missed analyst expectations. Shares of Valeant (VRX) are jumping after the FDA approved the Canadian pharmaceutical’s new treatment for glaucoma, called VYZULTA.
Shares of internet radio platform Pandora Media Inc. fell nearly 26% in morning trade on Friday, hitting an all-time low. Pandora reported earnings for the third quarter after the market closed on Thursday ...
The Oakland, California-based company said it had a loss of 34 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share. The results exceeded Wall Street ...
Pandora Media Inc. shares fell in the extended session Thursday after the company missed revenue expectations. Pandora shares dove 4.7% to $7.05 after hours. The company reported a third-quarter net loss ...