Apple Inc. (NASDAQ:AAPL)’s expected entry into Internet radio is set to put online music pioneer Pandora Media Inc. (NYSE:P) on the acquisition wish lists of companies ranging from Google Inc. (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) to Clear Channel Communications Inc.
Pandora accounts for 74 percent of online-radio listening, and its stake of all U.S. radio use has risen to 6.3 percent as compared to 3 percent a year ago, Dominic Paschel, the company’s vice president of corporate finance and investor relations, said on Sept. 12 at an investor conference.
An acquirer would have a company estimated to boost revenue to $861 million in the fiscal year ending in January 2015, lifting 214 percent as compared to $274.3 million in fiscal 2012, according to analysts’ projections compiled by Bloomberg. The average prediction rate for similar-sized U.S. Internet media companies stands at 73 percent.
Shares of Google (GOOG) traded up 1.28% during trading yesterday, hitting $728.56. The stock has a 52 week low of $480.60 and a 52 week high of $728.56. The company has a market cap of $237.92 billion and a P/E ratio of 21.57. The P/S ratio is 5.51 and P/B ratio 3.68. The beta value is 1.07. GOOG’s RSI amounts to 75.87.
Facebook Inc. (NASDAQ:FB) closed higher on Wednesday after a news that it is testing a service to put advertisements on mobile applications other than its own. While trading at volume higher than average, the stock climbed 6.49% yesterday. Its previous 52-week high was $45.00 and trading at a volume of 78.78 million. Shares have fell -26.30% over the trailing 3 months. The stock is currently trading 2.95% above its SMA 50 and -9.84% below its SMA 200.
Groupon, Inc. (NASDAQ:GRPN) gained over 13% after launch of its credit card payment business. Over the last 12 months, a return on equity of -16.69 percent was realized due to the financial situation and earnings per share reached a value of -$0.12. Earnings are projected to move up 30.16 percent for the coming five years. The stock closed at $5.34, up 0.65 points or 13.86% from previous close and at a distance of 19.46% from 20-day simple moving average.
Yahoo! Inc. (NASDAQ:YHOO) edged down Wednesday after sealing a deal with Alibaba. Its shares dropped -1.67% so far in 2012. The stock most recently had a beta value at 1.02 and the percentage change in the price over the last fifty two weeks remained at 13.61%. The price range in that 1-year period had a best hit of $16.79 on Oct 19, 2011 while lowest level in the same period was $13.11 on Sep 30, 2011.