Pandora Media Inc. (NYSE:P) shares traded down 1.4% on Monday . The company traded as low as $13.03 and last traded at $13.10, with a volume of 3,592,313 shares traded. The stock had previously closed at $13.28.

Several research firms recently weighed in on P. B. Riley restated a “neutral” rating and issued a $10.00 price target on shares of Pandora Media in a research note on Wednesday, May 4th. MKM Partners restated a “hold” rating on shares of Pandora Media in a research note on Saturday. Royal Bank Of Canada restated a “hold” rating and issued a $13.00 price target on shares of Pandora Media in a research note on Saturday, April 30th. Canaccord Genuity restated a “buy” rating and issued a $13.00 price target on shares of Pandora Media in a research note on Tuesday, March 29th. Finally, Morgan Stanley began coverage on Pandora Media in a research note on Saturday, April 9th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Pandora Media has an average rating of “Buy” and an average target price of $15.84.

The stock’s market capitalization is $2.98 billion. The firm’s 50-day moving average price is $11.91 and its 200 day moving average price is $10.36.

Pandora Media (NYSE:P) last posted its earnings results on Thursday, April 28th. The Internet radio service reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.11. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The business had revenue of $297.30 million for the quarter, compared to analyst estimates of $286 million. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. Equities research analysts forecast that Pandora Media Inc. will post ($0.43) EPS for the current year.

In other Pandora Media news, Director Crosslink Capital Inc bought 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was bought at an average cost of $11.33 per share, for a total transaction of $2,832,500.00. Following the completion of the transaction, the director now directly owns 725,351 shares of the company’s stock, valued at approximately $8,218,226.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy Leiweke bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were acquired at an average price of $11.64 per share, with a total value of $116,400.00. Following the completion of the transaction, the director now directly owns 33,798 shares of the company’s stock, valued at $393,408.72. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Pandora Media by 1.0% in the fourth quarter. Rhumbline Advisers now owns 185,176 shares of the Internet radio service’s stock worth $2,483,000 after buying an additional 1,870 shares during the period. California State Teachers Retirement System increased its position in shares of Pandora Media by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 391,839 shares of the Internet radio service’s stock worth $5,255,000 after buying an additional 6,088 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Pandora Media by 10.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 98,748 shares of the Internet radio service’s stock worth $1,324,000 after buying an additional 9,363 shares during the period. Gabelli Funds LLC increased its position in shares of Pandora Media by 14.4% in the fourth quarter. Gabelli Funds LLC now owns 175,000 shares of the Internet radio service’s stock worth $2,347,000 after buying an additional 22,000 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Pandora Media by 5.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 420,447 shares of the Internet radio service’s stock worth $5,638,000 after buying an additional 23,205 shares during the period.

Pandora Media, Inc is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.