Pandora Media Inc. (NYSE:P)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.02, but opened at $13.18. Pandora Media shares last traded at $13.59, with a volume of 3,628,370 shares.

A number of research firms recently issued reports on P. Morgan Stanley began coverage on shares of Pandora Media in a report on Saturday, April 9th. They issued a “hold” rating on the stock. B. Riley reissued a “neutral” rating and issued a $10.00 price objective on shares of Pandora Media in a report on Sunday, April 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $13.00 price objective on shares of Pandora Media in a report on Saturday, April 30th. FBR & Co reissued a “buy” rating on shares of Pandora Media in a report on Saturday, April 30th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of Pandora Media in a report on Saturday, April 30th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $15.07.

The firm’s market cap is $3.12 billion. The firm has a 50-day moving average of $12.38 and a 200 day moving average of $10.46.

Pandora Media (NYSE:P) last released its earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. The firm earned $343 million during the quarter, compared to analyst estimates of $351.48 million. Analysts expect that Pandora Media Inc. will post ($0.39) earnings per share for the current year.

In other news, insider Christopher W. Phillips sold 12,274 shares of Pandora Media stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $12.15, for a total value of $149,129.10. Following the completion of the transaction, the insider now owns 288,878 shares in the company, valued at approximately $3,509,867.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael S. Herring acquired 50,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was bought at an average price of $9.21 per share, with a total value of $460,500.00. Following the purchase, the chief financial officer now directly owns 400,766 shares in the company, valued at approximately $3,691,054.86. The disclosure for this purchase can be found here.

Other institutional investors recently made changes to their positions in the company. Alta Park Capital LP bought a new position in shares of Pandora Media during the fourth quarter valued at about $2,007,000. Rhumbline Advisers boosted 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 valued at $2,483,000 after buying an additional 1,870 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Pandora Media during the fourth quarter valued at about $4,026,000. BlackRock Advisors LLC boosted its position in shares of Pandora Media by 37.6% in the fourth quarter. BlackRock Advisors LLC now owns 1,314,368 shares of the Internet radio service’s stock valued at $17,626,000 after buying an additional 359,432 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Pandora Media by 60.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 266,388 shares of the Internet radio service’s stock valued at $3,572,000 after buying an additional 100,621 shares during the last quarter.

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

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