-
Eventbrite Plummets 30% On Lower Guidance, But This Analyst Remains Bullish
Friday, March 8, 2019 - 10:45am | 343Ticketing and event company Eventbrite Inc (NYSE: EB) reported mixed fourth-quarter earnings and concerning first-quarter guidance. The company sees first-quarter sales of $80-$84 million, lower than the $91.1-million estimate. RBC remains a bull on the stock although with a "less constructive...
-
Pandora Investors: This Isn't The Deal You Were Waiting For
Monday, June 12, 2017 - 11:13am | 411Pandora Media Inc (NYSE: P) announced in early May that management is exploring strategic alternatives, including a sale of itself. The company followed through on its pledge but take action and improve its business — although the outcome wasn't as many had hoped for. Pandora's announcement...
-
Pandora Sells Ticketfly For A $250 Million Loss But Shares Still Gain 5%
Friday, June 9, 2017 - 10:48am | 545Shares of Pandora Media Inc (NYSE: P) gained more than 5 percent Friday morning after the company announced two new transactions as part of an ongoing strategic review. Strategic Investment Pandora secured an agreement with Sirius XM Holdings Inc. (NASDAQ: SIRI) in which the satellite radio...
-
3 Potential Paths For Pandora
Saturday, May 20, 2017 - 9:23am | 627Pandora Media Inc (NYSE: P) is on the market with a 30-day sale goal, and none but Sirius XM Holdings Inc. (NASDAQ: SIRI) seems to notice. Still, the potential union between Pandora and the Liberty Sirius XM Group (NASDAQ: LSXMK) subsidiary, reportedly revisited Wednesday, inspired investors and...
-
Pandora Losing Social Media Battle Against Spotify And Apple
Thursday, July 21, 2016 - 11:19am | 373Competition in the streaming music space has really heated up in the past couple of years. The latest data from TickerTags indicate that Pandora Media Inc (NYSE: P) might be losing the battle to rivals Spotify and Apple Inc. (NASDAQ: AAPL). TickerTags monitors social media sites to identify trends...
-
Pandora Just Launched Its Ticketfly App, And It's Exciting Investors
Friday, March 18, 2016 - 11:11am | 381Pandora Media Inc (NYSE: P) has seen some recent volatility, down roughly 38 percent over the past one year and roughly 24 percent since January. However, the tides may be turning for the music media giant. Due in large part to its newly launched Ticketfly app, Macquarie Research analyst Amy Yong...
-
SunTrust's Bob Peck Nudges Out Year Estimates For Pandora Higher
Wednesday, March 9, 2016 - 9:52am | 274Robert S. Peck of SunTrust Robinson Humphrey maintained a Neutral rating on Pandora Media Inc (NYSE: P), with a price target of $12. Revenue Estimate Raised Peck mentioned that based on SunTrust’s deep-dive analysis, the out-year estimates for the company have been raised. While the...
-
Cowen Downgrades Pandora Amid 'Lower Ad Loads'
Wednesday, February 10, 2016 - 10:32am | 370The share price of Pandora Media Inc (NYSE: P) has declined 55.6 percent over the past six months, dropping to less than 20 cents above the 52-week low on February 9. Cowen’s John Blackledge has downgraded the rating on the company from Outperform to Market Perform, while lowering the...
-
This Analyst Thinks Pandora's Ticketfly Acquisition Will Be A Disaster
Monday, November 2, 2015 - 1:55pm | 338Pandora Media Inc (NYSE: P) announced it would acquire Ticketfly, Inc., a live events technology company. The aim was creating "the definitive music platform for connecting fans, artists and event promoters." Benzinga spoke to Wedbush's Michael Pachter on the issue. On...
-
'Serial' Podcast And Ticketfly News Gives Pandora Stock A Lift, But Is The Move Justified?
Monday, November 2, 2015 - 12:37pm | 576Shares of Pandora Media Inc (NYSE: P) were higher by more than 4 percent Monday morning. Pandora said on Monday it will be the exclusive streaming partner for "Serial," the quickest podcast to reach five million downloads and streams in Apple Inc. (NASDAQ: AAPL) iTunes'...
-
Why This Top-Rated Pandora Analyst Believes Purchase Of Ticketfly 'Makes No Strategic Sense'
Thursday, October 8, 2015 - 7:46am | 290Shares of Pandora Media Inc (NYSE: P) have risen 40.24 percent over the past three months, reaching a high of $21.98 on October 6. Wedbush’s Michael Pachter has reiterated an Outperform rating on the company, while lowering the price target from $27 to $26. Pachter believes...