NEW YORK, NY / ACCESSWIRE / July 26, 2017 / Pandora Media has been seeing some nice gains this week after a report surfaced that hedge firm Jana Partners has invested in the company and thinks shares are undervalued. The stock was also given a price target of $10.50 by a SunTrust analyst on Monday. Shares of Snap hit an all-time new low yesterday after being downgraded to "neutral" by an analyst. The company's top lawyer also will be leaving the company.

RDI Initiates Coverage on:

Pandora Media, Inc.
https://ub.rdinvesting.com/news/?ticker=P

Snap Inc.
https://ub.rdinvesting.com/news/?ticker=SNAP

Pandora Media, Inc. shares closed up 1.97% yesterday. The internet radio company saw gains of 4.5% in premarket trading on Monday after it was revealed that SunTrust analyst Matthew Thornton released an optimistic note on the company. Thornton met with Pandora's interim CEO Naveed Chopra and the meeting must have went well as he has reiterated a buy rating on Pandora and a $10.50 12-month price target. Separately Jana Partners the activist hedge fund has reportedly made an investment in the company. According to a source familiar with the matter who spoke to Bloomberg News, Jana believes Pandora shares are undervalued. It has not been disclosed how much the hedge fund has invested or is investing in the company. Shares of the stock have dropped over 25% YTD.

Access RDI's Pandora Media, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=P

Snap Inc. shares closed down 1.35% on Tuesday on modest trading volume. Yesterday marked the first time that the stock saw its shares fall under $14 a share. The stock hit an all-time new low of $13.65 during intra-day trading. While there was no significant news from the company, the stock was downgraded from "buy" to "neutral" by Cleveland Research. On July 29th, insiders will be allowed to sell their shares for the first time and many are betting the stock might fall dramatically. Analyst Brian White of Drexel Hamilton remains optimistic however and wrote a note to clients on Monday that said: "Snapchat continues to innovate." He has reiterated a "buy" rating on the stock with a $30 price target. In other news, Snap's top general counsel, Chris Handman, is leaving the company. A spokesperson from the company told Business Insider, "We are grateful for all of Chris's hard work and contributions to Snap. He has built an incredible legal team, played an integral role in taking the company public, and has been a valued member of Snap's leadership. We wish him all the best; he will always be an important part of the Snap family."

Access RDI's Snap Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=SNAP

Our Actionable Research on Pandora Media, Inc. (NYSE: P) and Snap Inc. (NYSE: SNAP) can be downloaded free of charge at Research Driven Investing.

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