Pandora Media Inc (NYSE:P) a Hold: Credit Suisse

In a research note issued to investors, Stephen Ju at Credit Suisse Reiterated their Hold rating on Pandora Media Inc (NYSE:P). The analyst placed a $21.00 price target on the stock which indicates a 37.80% upside to the last closing price. In the year following Stephen’s ratings, the stocks covered yield an average return of 13.80% according to TipRanks.com. In the past year 44 out of 76 recommendations or 58% were successful.

Pandora Media Inc (NYSE:P), a NYSE listed company, has a current market cap of 3.177B and on average over the past 3 months has seen 6840080 shares trade hands on a daily basis. On a technical level the stock has a 50 Day Moving Average of 17.0645. Based on a recent trade, this puts the equity at -10.69% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -62.31% away from it’s 52-week high of 40.44 and +4.24% away from the stock’s low point over the past 52 weeks, which was 14.62.

On a consensus basis, analysts have a one year target price of 22.98. The company last reported earnings per share of -0.15. The consensus analyst estimates according to First Call for the next quarter is 0.06. The current year EPS estimate on the stock is 0.28 and the EPS estimate for next year sits at 0.59. In looking at the fundamentals, P has a price to book ratio of 5.44. The company’s Book Value is 2.799 and most recently reported EBITDA of -14.7M. The price compared to next year’s EPS estimate in the current year is 25.83.

Company Profile

Pandora Media Inc (P), provides internet radio services in the United States. The Company offers radio services on smartphones, tablets, traditional computers and car audio systems, as well as a range of other internet-connected devices. . The Music Genome Project and its playlist generating algorithms predict listener music preferences, play music content suited to the tastes of each individual listener and introduce listeners to music they will love. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Pandora service generates a station that plays music it thinks that listener will enjoy. Pandora provides service through two models: Free Service and Pandora One. The Company generates revenue from advertising. It also offers a subscription service to listeners.