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 changing hands.

A number of equities research analysts have recently issued reports on P shares. Canaccord Genuity restated a “buy” rating on shares of Pandora Media in a research note on Tuesday, April 19th. Citigroup Inc. started coverage on shares of Pandora Media in a research note on Monday, April 11th. They issued a “buy” rating and a $16.00 target price on the stock. FBR & Co restated a “buy” rating on shares of Pandora Media in a research note on Saturday, April 30th. Vetr lowered shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $10.95 target price on the stock. in a research note on Monday, May 2nd. Finally, Albert Fried & Company restated a “buy” rating and issued a $16.00 target price on shares of Pandora Media in a research note on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Pandora Media presently has a consensus rating of “Buy” and a consensus target price of $15.07.

The stock’s 50-day moving average price is $12.38 and its 200-day moving average price is $10.46. The stock’s market cap is $3.14 billion.

Pandora Media (NYSE:P) last released its quarterly earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The company earned $343 million during the quarter, compared to analyst estimates of $351.48 million. Equities research analysts anticipate that Pandora Media Inc. will post ($0.38) earnings per share for the current fiscal year.

In other Pandora Media news, Director Timothy Leiweke acquired 10,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $393,408.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher W. Phillips sold 12,274 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $12.15, for a total transaction of $149,129.10. Following the completion of the sale, the insider now directly owns 288,878 shares in the company, valued at approximately $3,509,867.70. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the company. Stephens Inc. AR raised its stake in shares of Pandora Media by 56.4% in the fourth quarter. Stephens Inc. AR now owns 99,246 shares of the Internet radio service’s stock worth $1,331,000 after buying an additional 35,790 shares in the last quarter. Alta Park Capital LP acquired a new stake in shares of Pandora Media during the fourth quarter worth approximately $2,007,000. Gabelli Funds LLC raised its stake 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 in the last quarter. Rhumbline Advisers raised its stake 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 in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake 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 worth $3,572,000 after buying an additional 100,621 shares in 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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