Central Bank Trust Co Exits Position in Pandora Media Inc (P)

Pandora Media Inc (P) : Central Bank Trust Co has sold out all of its stake in Pandora Media Inc during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 200 shares of Pandora Media Inc which is valued at $2,864.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in P by selling 169,607 shares or 66.46% in the most recent quarter. The Hedge Fund company now holds 85,577 shares of P which is valued at $1,263,972. Pandora Media Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added P to its portfolio by purchasing 41 company shares during the most recent quarter which is valued at $606.

Pandora Media Inc closed down -0.1 points or -0.69% at $14.32 with 26,87,458 shares getting traded on Friday. Post opening the session at $14.46, the shares hit an intraday low of $14.18 and an intraday high of $14.535 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Pandora Media Inc reported $-0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-0.30. The company had revenue of $297.31 million for the quarter, compared to analysts expectations of $285.23 million. The company’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Pandora Media Inc. Company shares were Reiterated by Mizuho on Sep 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .Company shares were Reiterated by Canaccord Genuity on Sep 14, 2016 to “Buy”, Firm has raised the Price Target to $ 18 from a previous price target of $14 .Pandora Media Inc was Upgraded by SunTrust to ” Buy” on Sep 12, 2016.

Pandora Media Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones tablets computers and car audio systems as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips audio on supported devices and timeout-free listening. The Company’s technologies include Music Genome Project and Comedy Genome Project.

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