Pandora Media Inc. (NYSE:P)‘s stock had its “buy” rating reaffirmed by equities research analysts at Axiom Securities in a research note issued to investors on Monday.

Several other research analysts also recently issued reports on P. Citigroup Inc. reaffirmed a “buy” rating and set a $16.00 price objective on shares of Pandora Media in a report on Wednesday, June 8th. Vetr upgraded shares of Pandora Media from a “sell” rating to a “buy” rating and set a $12.64 target price for the company in a research report on Wednesday, June 1st. B. Riley upgraded shares of Pandora Media to a “buy” rating and set a $15.00 target price for the company in a research report on Saturday, May 28th. Albert Fried & Company reiterated a “buy” rating on shares of Pandora Media in a research report on Monday, June 13th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $14.00 target price on shares of Pandora Media in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $16.08.

Shares of Pandora Media (NYSE:P) opened at 13.65 on Monday. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $11.58. Pandora Media has a 12 month low of $7.10 and a 12 month high of $22.20. The firm’s market cap is $3.15 billion.

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

In other news, insider Christopher Douglas Martin sold 2,000 shares of Pandora Media stock in a transaction on Friday, September 16th. The shares were sold at an average price of $13.37, for a total transaction of $26,740.00. Following the transaction, the insider now owns 336,569 shares in the company, valued at $4,499,927.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher W. Phillips sold 12,274 shares of Pandora Media 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 transaction, the insider now owns 288,878 shares in the company, valued at approximately $3,509,867.70. The disclosure for this sale can be found here. Insiders own 6.64% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Gruss & Co. Inc. acquired a new position in shares of Pandora Media during the second quarter worth approximately $125,000. Osterweis Capital Management Inc. purchased a new position in Pandora Media during the second quarter valued at about $125,000. Passport Capital LLC purchased a new position in Pandora Media during the second quarter valued at about $127,000. Franklin Resources Inc. purchased a new position in Pandora Media during the second quarter valued at about $144,000. Finally, Nomura Holdings Inc. purchased a new position in Pandora Media during the second quarter valued at about $169,000.

About Pandora Media

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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