Shares of Pandora Media Inc. (NYSE:P) rose 2.2% during mid-day trading on Thursday . The stock traded as high as $14.41 and last traded at $14.31, with a volume of 1,751,423 shares. The stock had previously closed at $14.00.

P has been the subject of several research reports. Canaccord Genuity restated a “buy” rating and set a $14.00 price target on shares of Pandora Media in a research report on Friday, July 15th. Mizuho restated a “neutral” rating and set a $11.00 price target on shares of Pandora Media in a research report on Thursday, August 4th. Vetr lowered shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $14.89 price target for the company. in a research report on Monday, August 22nd. Macquarie increased their price target on shares of Pandora Media from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, July 19th. Finally, Citigroup Inc. restated a “buy” rating and set a $16.00 price target on shares of Pandora Media in a research report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $15.58.

The firm’s market capitalization is $3.32 billion. The company has a 50 day moving average of $13.34 and a 200-day moving average of $11.18.

Pandora Media (NYSE:P) last announced its quarterly earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $343 million for the quarter, compared to the consensus estimate of $351.48 million. Analysts predict that Pandora Media Inc. will post ($0.39) earnings per share for the current fiscal year.

In other Pandora Media news, insider Christopher W. Phillips sold 12,274 shares of the business’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 sale, the insider now directly owns 288,878 shares of the company’s stock, valued at approximately $3,509,867.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Douglas Martin sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $13.60, for a total transaction of $27,200.00. Following the sale, the insider now directly owns 344,470 shares in the company, valued at $4,684,792. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Pandora Media stock. BlackRock Advisors LLC boosted its position in Pandora Media Inc. (NYSE:P) by 37.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,314,368 shares of the Internet radio service’s stock after buying an additional 359,432 shares during the period. BlackRock Advisors LLC owned about 0.62% of Pandora Media worth $17,626,000 at the end of the most recent 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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