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

Several equities research analysts recently issued reports on the stock. Vetr lowered shares of Pandora Media from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a report on Monday, March 28th. Piper Jaffray Cos. raised shares of Pandora Media from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $12.00 to $18.00 in a report on Wednesday. B. Riley reaffirmed a “neutral” rating and set a $10.00 price target on shares of Pandora Media in a report on Wednesday, May 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $10.00 price target on shares of Pandora Media in a report on Thursday, March 31st. Finally, FBR & Co reaffirmed a “buy” rating on shares of Pandora Media in a report on Saturday, April 30th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.00.

The firm’s 50 day moving average price is $11.98 and its 200 day moving average price is $10.36. The company’s market cap is $2.99 billion.

Pandora Media (NYSE:P) last issued its earnings results on Thursday, April 28th. The Internet radio service reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.11. During the same period last year, the firm posted ($0.12) EPS. The business earned $297.30 million during the quarter, compared to analysts’ expectations of $286 million. Pandora Media’s quarterly revenue was up 28.8% compared to the same quarter last year. On average, analysts anticipate that Pandora Media Inc. will post ($0.43) EPS for the current fiscal year.

In other news, Director Timothy Leiweke purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 1st. The stock was acquired at an average cost of $11.64 per share, for a total transaction of $116,400.00. Following the purchase, the director now directly owns 33,798 shares in the company, valued at approximately $393,408.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael S. Herring purchased 50,000 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were purchased at an average price of $9.21 per share, with a total value of $460,500.00. Following the completion of the purchase, the chief financial officer now owns 400,766 shares in the company, valued at $3,691,054.86. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently made changes to their positions in P. 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. Sei Investments Co. increased its position in shares of Pandora Media by 131.0% in the fourth quarter. Sei Investments Co. now owns 647,148 shares of the Internet radio service’s stock worth $8,678,000 after buying an additional 367,025 shares during the period. 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. Finally, Profund Advisors LLC increased its position in shares of Pandora Media by 73.2% in the fourth quarter. Profund Advisors LLC now owns 91,191 shares of the Internet radio service’s stock worth $1,223,000 after buying an additional 38,532 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.

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