FBR Capital Reiterates Outperform as Pandora (P) Announces Warner Music Deal

Pre-Open Stock Movers 09/16: (DEPO) (INTC) (GPRO) Higher; (NVAX) (DB) (ORCL) Lower (more...)

Today's After-Hours Movers:

Novavax, Inc., (Nasdaq: NVAX) 83% LOWER; announced topline data from two clinical trials of its RSV F-protein recombinant nanoparticle vaccine candidate (RSV F Vaccine) in older adults. The Resolve trial, a Phase 3 trial of our RSV F Vaccine in 11,856 older adults (60 years of age and older), did not meet the pre-specified primary or the secondary efficacy objectives, and did not demonstrate vaccine efficacy. Consistent with our previous clinical experience, the vaccine was well... More

After-Hours Stock Movers 09/15: (SCOR) (CAR) (P) Higher; (NVAX) (DB) (ORCL) Lower (more...)

Today's After-Hours Movers:

Novavax, Inc., (Nasdaq: NVAX) 83% LOWER; announced topline data from two clinical trials of its RSV F-protein recombinant nanoparticle vaccine candidate (RSV F Vaccine) in older adults. The Resolve trial, a Phase 3 trial of our RSV F Vaccine in 11,856 older adults (60 years of age and older), did not meet the pre-specified primary or the secondary efficacy objectives, and did not demonstrate vaccine efficacy.... More

Pandora (P), Warner Music Group Enter Recorded Music Licensing Agreement

Pandora (NYSE: P) announced a direct licensing agreement for recorded music with Warner Music Group. This agreement enables both companies to support artists and satisfy the full range of music listening experiences for consumers.

Warner has been a tremendous partner to Pandora and were thrilled to expand the... More

Pandora (P) Debuts Lower-Cost Pandora Plus Service

Pandora (NYSE: P) launched Pandora Plus, a one-of-a-kind, ad-free radio experience with dramatically increased functionality. For just $4.99 per month, this innovative listening experience includes more skips, replays and an ingenious solution for offline listening that elegantly handles issues with lost connectivity and cellular data usage. This unique marriage of design and functionality, at a very affordable price, marks yet another milestone in Pandoras journey to create the most personal music experience in the world, giving listeners greater flexibility and control, while allowing for the endless discovery that listeners love so much.

Were always... More

Pandora (P): New Product Pushes Profitability Farther Out - Needham

Needham & Company analyst, Laura Martin, reiterated her Buy rating on shares of Pandora (NYSE: P) but cut profit estimates for 2017 due to the additional dilution from the new agreements with record labels and the impact of incremental trial subscriptions.

The two key... More

Canaccord Genuity Boosts PT on Pandora (P) to $18; Affirms at 'Buy'

Canaccord Genuity lifts its price target on Buy-rated Pandora Media (NYSE: P) from $14 to $18 following new deals announced on Tuesday.

The firm commented, Pandora announced long-awaited and much-anticipated direct sound recording licensing deals with Universal Music Group, Sony Music, and over 40 independent... More

Oppenheimer Remains Sidelined as Pandora (P) Announces Licensing Deals

Oppenheimer reiterated a Perform rating on Pandora (NYSE: P) following the company's announced licensing deals with Sony Music, Universal Music, Merlin, and 40+ independent record labels. The new (on-demand) service is expected to launch domestically in 4Q:16, and will pay 65%-70% of its potential revenue to... More

SunTrust Robinson Humphrey Reiterates Buy on Pandora (P) Following Announced Direct Deals

SunTrust Robinson Humphrey reiterated a Buy rating and $18.00 price target on Pandora (NYSE: P) following the company's announced U.S.-only direct deals with most major labels.

Analyst Robert Peck commented, "Pandora announced direct deals with most major labels, which would allow it... More

Pandora (P) PT Raised to $14 at Mizuho; One of Most Likely to be Acquired

Mizuho Securities analyst Neil Doshi raised his price target on Pandora (NYSE: P) to $13.00 (from $11.00) but maintained a Neutral rating. The target was increased on the new direct deals, as well as its potential as an M&A target.

"Given that Pandora announced that it signed direct deals with Sony, Universal, Merlin, and 30+ indie labels for its ondemand... More

Pandora (P): Direct Licensing Deals, Another Step Towards Profitability - Wedbush

Wedbush analyst, Michael Pachter, reiterated his Outperform rating on shares of Pandora (NYSE: P) on the belief that if the company can convert 2 million Pandora One subscribers to on-demand and attract both 1 2 million new U.S. on-demand subscribers, and 1 2 million international ondemand subscribers in... More