Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Pandora Media ( P) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.5%. By the end of trading, Pandora Media rose $0.51 (2.6%) to $20.21 on average volume. Throughout the day, 6,008,941 shares of Pandora Media exchanged hands as compared to its average daily volume of 6,750,700 shares. The stock ranged in a price between $19.57-$20.44 after having opened the day at $19.70 as compared to the previous trading day's close of $19.70. Other companies within the Media industry that increased today were: Liberty Media Corporation Class A ( LMCA), up 31.1%, Point.360 ( PTSX), up 15.3%, Dolan ( DM), up 7.3% and Bona Film Group ( BONA), up 6.5%.
Pandora Media, Inc. provides Internet radio services in the United States. The company allows listeners to create up to 100 personalized stations to access unlimited hours of free music and comedy, as well as offers Pandora One, a paid subscription service to listeners. Pandora Media has a market cap of $3.4 billion and is part of the services sector. Shares are up 114.6% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Pandora Media a buy, no analysts rate it a sell, and 5 rate it a hold. TheStreet Ratings rates Pandora Media as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, poor profit margins and feeble growth in its earnings per share.