Pandora Media Inc. (NYSE:P)‘s stock had its “outperform” rating reiterated by equities research analysts at FBR & Co in a report issued on Friday. They currently have a $16.00 target price on the Internet radio service’s stock. FBR & Co’s target price points to a potential upside of 18.61% from the company’s current price.

Several other equities research analysts have also recently issued reports on P. MKM Partners reaffirmed a “hold” rating and set a $11.50 price target on shares of Pandora Media in a research note on Saturday, July 9th. B. Riley reissued a “buy” rating and issued a $15.00 target price on shares of Pandora Media in a research report on Thursday, June 23rd. Vetr raised shares of Pandora Media from a “sell” rating to a “buy” rating and set a $12.64 target price on the stock in a research report on Wednesday, June 1st. Wedbush set a $15.00 target price on shares of Pandora Media and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Finally, Pacific Crest reissued a “sell” rating on shares of Pandora Media in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have assigned a buy rating to the stock. Pandora Media currently has an average rating of “Buy” and an average price target of $16.08.

Analyst Recommendations for Pandora Media (NYSE:P)

Shares of Pandora Media (NYSE:P) opened at 13.49 on Friday. The stock’s market capitalization is $3.12 billion. The company’s 50-day moving average is $13.74 and its 200 day moving average is $11.56. Pandora Media has a 52 week low of $7.10 and a 52 week high of $22.20.

Pandora Media (NYSE:P) last released its quarterly earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. Pandora Media had a negative net margin of 23.04% and a negative return on equity of 25.53%. The company had revenue of $343 million for the quarter, compared to analysts’ expectations of $351.48 million. On average, equities analysts forecast that Pandora Media will post ($0.39) EPS for the current fiscal year.

In other news, insider Christopher Douglas Martin sold 2,000 shares of Pandora Media stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $13.37, for a total transaction of $26,740.00. Following the completion of the transaction, the insider now directly owns 336,569 shares in the company, valued at approximately $4,499,927.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher W. Phillips sold 12,274 shares of Pandora Media stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $12.15, for a total value of $149,129.10. Following the transaction, the insider now owns 288,878 shares of the company’s stock, valued at $3,509,867.70. The disclosure for this sale can be found here. 6.64% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in shares of Pandora Media by 0.8% in the second quarter. US Bancorp DE now owns 17,597 shares of the Internet radio service’s stock valued at $219,000 after buying an additional 135 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Pandora Media by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 49,262 shares of the Internet radio service’s stock valued at $613,000 after buying an additional 277 shares in the last quarter. Legal & General Group Plc increased its position in shares of Pandora Media by 4.5% in the second quarter. Legal & General Group Plc now owns 15,023 shares of the Internet radio service’s stock valued at $187,000 after buying an additional 650 shares in the last quarter. IBM Retirement Fund increased its position in shares of Pandora Media by 5.0% in the second quarter. IBM Retirement Fund now owns 22,227 shares of the Internet radio service’s stock valued at $277,000 after buying an additional 1,062 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Pandora Media by 10.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 15,343 shares of the Internet radio service’s stock valued at $191,000 after buying an additional 1,464 shares in the last quarter.

Pandora Media Company Profile

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.

5 Day Chart for NYSE:P

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