Pandora Media Inc. (NYSE:P) insider Christopher Douglas Martin sold 2,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 336,569 shares of the company’s stock, valued at approximately $4,499,927.53. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Christopher Douglas Martin also recently made the following trade(s):

  • On Thursday, September 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.98, for a total transaction of $27,960.00.
  • On Friday, August 26th, Christopher Douglas Martin sold 6,667 shares of Pandora Media stock. The stock was sold at an average price of $14.32, for a total transaction of $95,471.44.
  • On Tuesday, August 16th, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.21, for a total transaction of $26,420.00.
  • On Monday, August 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.60, for a total transaction of $27,200.00.

Shares of Pandora Media Inc. (NYSE:P) opened at 13.68 on Thursday. The firm’s market cap is $3.16 billion. The stock’s 50 day moving average is $13.76 and its 200-day moving average is $11.59. Pandora Media Inc. has a 1-year low of $7.10 and a 1-year high of $22.20.

Pandora Media (NYSE:P) last released its earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ 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 the consensus estimate of $351.48 million. Analysts expect that Pandora Media Inc. will post ($0.39) earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gruss & Co. Inc. bought a new position in Pandora Media during the second quarter worth about $125,000. Osterweis Capital Management Inc. bought a new position in Pandora Media during the second quarter worth about $125,000. Passport Capital LLC bought a new position in Pandora Media during the second quarter worth about $127,000. Franklin Resources Inc. bought a new position in Pandora Media during the second quarter worth about $144,000. Finally, Nomura Holdings Inc. bought a new position in Pandora Media during the second quarter worth about $169,000.

A number of research firms have weighed in on P. Wells Fargo & Co. reissued a “hold” rating on shares of Pandora Media in a research report on Wednesday. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $18.00 price objective on shares of Pandora Media in a research report on Tuesday. Axiom Securities reaffirmed a “buy” rating on shares of Pandora Media in a research report on Monday. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective on shares of Pandora Media in a research report on Saturday, September 17th. Finally, FBR & Co reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Pandora Media in a research report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.08.

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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