Pandora Media Inc. (NYSE:P) has been assigned a consensus rating of “Buy” from the thirty-eight research firms that are currently covering the company. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.57.

A number of equities analysts recently issued reports on the stock. MKM Partners reiterated a “hold” rating and issued a $11.50 target price on shares of Pandora Media in a research report on Saturday, July 9th. B. Riley reiterated a “buy” rating and issued a $15.00 target price on shares of Pandora Media in a research report on Thursday, June 23rd. 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. Finally, Pacific Crest reiterated a “sell” rating on shares of Pandora Media in a research report on Monday, September 12th.

Pandora Media (NYSE:P) opened at 14.01 on Tuesday. Pandora Media has a 52-week low of $7.10 and a 52-week high of $22.20. The firm’s market cap is $3.24 billion. The stock has a 50 day moving average of $13.77 and a 200-day moving average of $11.61.

Pandora Media (NYSE:P) last released 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. Pandora Media had a negative net margin of 23.04% and a negative return on equity of 25.53%. The business had revenue of $343 million for the quarter, compared to analysts’ expectations of $351.48 million. On average, analysts expect that Pandora Media will post ($0.39) EPS for the current year.

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

Hedge funds have recently made changes to their positions in the company. US Bancorp DE raised its stake 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 worth $219,000 after buying an additional 135 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake 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 worth $613,000 after buying an additional 277 shares during the last quarter. Legal & General Group Plc raised its stake 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 worth $187,000 after buying an additional 650 shares during the last quarter. IBM Retirement Fund raised its stake 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 worth $277,000 after buying an additional 1,062 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake 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 worth $191,000 after buying an additional 1,464 shares during 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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