|Bid||8.230 x 3500|
|Ask||8.240 x 2700|
|Day's Range||8.170 - 8.290|
|52 Week Range||6.760 - 14.950|
|PE Ratio (TTM)||-3.40|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Pandora (P) has struggled to find a lucrative business model as it continues to face stiff competition.
Pandora (P) is trying its luck with a new CEO and hoping to draw from his experience as a musician to transform the company’s fortunes.
After months of looking for a buyer and experimenting with a new on-demand streaming service, Pandora is trying to become the old Pandora again by refocusing its efforts on ad-supported radio. Ad-supported radio isn’t as cool as on-demand streaming these days, but there’s still demand among advertisers for audio spots, and Pandora looks well-positioned to keep capturing those dollars, according to Needham analyst Laura Martin. “The most undervalued asset at Pandora (in our view) is the fact that the company now represents nearly 70% of total digital audio advertising ad units,” she writes.