CRB Issues Decision Related to Pandora (P); 2016 Rate is $0.0017-$0.0022

Nomura Securities Remains Sidelined on Pandora (P) as CRB's Ruling Came Roughly In-Line with Expectations

Nomura Securities reiterated a Neutral rating on Pandora (NYSE: P), and raised the price target to $17.00 (from $16.00), following the Copyright Royalty Board's (CRB) new rates for the Web IV proceeding for the 2016-2020 period. At $0.17 per hundred songs streamed, the new Webcaster IV rates are in line with investors expectations. Rate increases linked... More

Albert Fried & Company Upgrades Pandora (P) to Overweight

Albert Fried & Company upgraded Pandora (NYSE: P) from Underweight to Overweight with a price target of $20.00 (from $11.00).

For an analyst ratings summary and ratings history on Pandora click here. For more ratings news on Pandora click here.

Shares of Pandora closed at $13.44 yesterday.

Wedbush Reiterated Outperform on Pandora (P) Following CRB Determination

Wedbush reiterated an Outperform rating and $26.00 price target on Pandora (NYSE: P) following the Copyright Royalty Board's rate determination for the company. The 2016 rate for Pandoras ad-supported service will be $0.0017 compared with the 2015 rate of $0.0014, and the subscription rate will be $0.0022 compared with the 2015 rate of $0.0025.... More

FBR Capital Upgrades Pandora (P) to Market Perform

FBR Capital upgraded Pandora (NYSE: P) from Underperform to Market Perform with a price target of $16 after the CRB rate decision, which was better than feared.

Analyst Barton Crockett commented, "We factor in the actual CRB decision$0.17 per hundred songs for ad-based music and $0.22 for... More

CRB Ruling Brings Clarity to Pandora (P) - BMO Capital Raises PT to $16

BMO Capital reiterated a Market Perform rating on Pandora (NYSE: P), and raised the price target to $16.00 (from $14.00), after a CRB ruling. The CRB ruled yesterday that streaming rates will be set at $0.17 per 100 spins for ad-supported listening, and $0.22 per 100 spins for subscription-supported listening. The CRB ruling brings clarity to 2016.

Analyst Daniel Salmon commented,... More

CRB Decision Hands Pandora (P) a 'Hat Trick' - Needham & Company Reiterates Buy

Needham & Company reiterated a Buy rating and $24.00 price target on Pandora (NYSE: P) following a CRB decision that handed the company a series of wins. The CRB raised Ps total costs by 15% to a blended rate of $0.176/100 songs, made up by 20% higher advertising music costs to $0.17/100 songs in 2016, partially... More

Pandora (P) Comments on 15% Rate Increase Following CRB Ruling; Calls 'Balanced Rate That We can Grow From'

Pandora (NYSE: P) announced that the Copyright Royalty Board (CRB) released the rates and terms for the Web-IV rate-setting proceeding, establishing the sound recording performance royalty rates paid to performing artists and record labels by Internet radio services for the period of 2016-2020. While the company has not received the full supporting decision, the following is based on the companys initial reactions to information posted on the Copyright Royalty Boards website.

Pandora participated in the proceeding to ensure a vibrant, open and sustainable music marketplace. The CRB set the following rates and... More

Pandora (P) Surges After Intial Knee-Jerk Lower on CRB Decision

After an initial knee-jerk reaction lower, Pandora (NYSE: P) is now up 19% as investor read positively into the CRB rate decision.

The rate for commercial subscription services in 2016 is $0.0022 per-performance. The rate for commercial nonsubscription services in 2016 is $0.0017 per-performance.

The consensus was $0.0017.

CRB Issues Decision Related to Pandora (P); 2016 Rate is $0.0017-$0.0022

The Copyright Royalty Judges today issued their written determination of royalty rates and terms to apply from January 1, 2016, through December 31, 2020, to digital performance of sound recordings over the Internet by nonexempt, noninteractive transmission services (webcasters) and to the making of ephemeral recordings to facilitate those performances. The written determination is currently being reviewed by the parties to the proceeding to determine which portions, if any, contain confidential information that must be redacted from the version that will be released to the... More

Pandora (P) Postpones Conference Call Related to CRB Decision

(Updated - December 16, 2015 4:12 PM EST)

Pandora (NYSE: P) today announced that it will postpone a call originally scheduled for Wednesday, December 16, 2015, after the close of the market at 1:30 PM (PT) / 4:30 PM (ET) to a later, as of now, undetermined time.

Pandora will announce updated timing shortly... More

Pandora (P) Gains Ahead of Imminent CRB Decision

Pandora (NYSE: P) is up 2.3% ahead of the CRB royalty rate-setting decision for the years 2016-2020. The consensus is approximately 17 cents.

Pandora's (P) Big Day is Today, Here is What to Look For - PiperJafray

The Copyright Royalty Board (CRB) will publicly release its royalty rate-setting decision for the years 2016-2020 on December 16. Pandora's (NYSE: P) current rate per 100 songs is $0.14; Pandora is proposing that based on direct label deals, the new rates for the 2016-2020 time frame should be $0.11-0.13, while SoundExchange suggests the... More

DeVry Education Group (DV) Announces $100M Stock Buyback Plan

DeVry Education Group (NYSE: DV) announced that its board of directors approved its ninth share repurchase program, which allows DeVry Group to repurchase up to $100 million of its common stock through Dec. 31, 2017.

Todays announcement marks a continuation of our balanced approach to capital allocation,... More