What Happened with Pandora Last Week?



P stock more than 11% last week

Pandora (P) stock fell more than 11% last week (ended January 12, 2018) and closed at $4.59. The stock is currently trading 3.4% above its 52-week low of $4.44 and 66.5% below its 52-week high of $13.72.

In the trailing-12-month period the stock has fallen 63%, and in the past month, the stock has fallen 8%. Investors have been concerned about Pandora’s declining profit margin, slow revenue growth, and growing competition. The stock fell over 30% in November 2017, driven by disappointing 3Q17 results and revenue guidance for 4Q17.

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How do analysts view Pandora now?

Pandora will be announcing its 4Q17 results on February 7, 2018. Analysts expect Pandora to post revenues of $376.3 million. Analysts have a low revenue estimate of $365.1 million and a high estimate of $396 million for Pandora for 4Q17 (quarter ended December 2017).

If Pandora meets the average revenue estimate of $376.3 million, it would mean a YoY (year-over-year) fall of 4.1%, compared with its revenues of $392.6 million in 4Q16.

Of the 30 analysts tracking Pandora, ten now recommend a “buy,” and ten analysts now recommend a “hold.” One analyst recommends a “sell” for the stock.

The analysts’ price target for Pandora stock is now $7.85, with a median target estimate of $7.5. Pandora is now trading at a discount of over 60% to the median analyst estimate.


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