Shares of Pandora Media Inc. (NYSE:P) rose 3.1% during trading on Friday . The stock traded as high as $13.44 and last traded at $13.33, with a volume of 2,205,222 shares. The stock had previously closed at $12.93.

P has been the subject of several analyst reports. Albert Fried & Company reissued a “buy” rating on shares of Pandora Media in a research note on Friday, July 8th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $13.00 price target on shares of Pandora Media in a research report on Monday, July 25th. Macquarie reaffirmed an “outperform” rating and set a $15.00 price target on shares of Pandora Media in a research report on Thursday, July 7th. MKM Partners increased their price target on Pandora Media from $11.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Finally, Mizuho reaffirmed a “neutral” rating and set a $11.00 price target on shares of Pandora Media in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.12.

The company’s market cap is $3.08 billion. The company has a 50 day moving average price of $13.07 and a 200 day moving average price of $10.85.

Pandora Media (NYSE:P) last posted its quarterly earnings data on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.04. The firm earned $343 million during the quarter, compared to analysts’ expectations of $351.48 million. Equities analysts predict 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 the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $12.15, for a total transaction of $149,129.10. Following the transaction, the insider now directly owns 288,878 shares of the company’s stock, valued at $3,509,867.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Crosslink Capital Inc bought 250,000 shares of Pandora Media stock in a transaction dated Thursday, May 26th. The shares were 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 owns 725,351 shares of the company’s stock, valued at approximately $8,218,226.83. The disclosure for this purchase can be found here.

Several institutional investors recently modified their holdings of the company. BlackRock Advisors LLC raised 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. BNP Paribas Arbitrage SA raised 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. Finally, Stephens Inc. AR raised its position 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 valued at $1,331,000 after buying an additional 35,790 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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