SunTrust Banks Inc. restated their buy rating on shares of Pandora Media Inc. (NYSE:P) in a research report report published on Tuesday morning. They currently have a $18.00 target price on the Internet radio service’s stock.

Analyst Recommendations for Pandora Media (NYSE:P)

A number of other analysts have also recently commented on the stock. Axiom Securities restated a buy rating on shares of Pandora Media in a research note on Monday. B. Riley restated a buy rating and set a $18.00 price target on shares of Pandora Media in a research note on Saturday, September 17th. FBR & Co restated an outperform rating and set a $16.00 price target on shares of Pandora Media in a research note on Friday, September 16th. Oppenheimer Holdings Inc. restated a market perform rating on shares of Pandora Media in a research note on Thursday, September 15th. Finally, Needham & Company LLC restated a buy rating and set a $16.00 price target on shares of Pandora Media in a research note on Thursday, September 15th. One 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. The stock has a consensus rating of Buy and an average price target of $16.08.

Shares of Pandora Media (NYSE:P) opened at 14.01 on Tuesday. The company’s market cap is $3.24 billion. The firm’s 50 day moving average is $13.77 and its 200-day moving average is $11.61. Pandora Media has a 1-year low of $7.10 and a 1-year high of $22.20.

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

In other Pandora Media news, insider Christopher Douglas Martin sold 2,000 shares of Pandora Media stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $13.60, for a total transaction of $27,200.00. Following the transaction, the insider now owns 344,470 shares of the company’s stock, valued at $4,684,792. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher W. Phillips sold 12,274 shares of Pandora Media 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 transaction, the insider now directly owns 288,878 shares in the company, valued at approximately $3,509,867.70. The disclosure for this sale can be found here. Corporate insiders own 6.64% of the company’s stock.

A number of institutional investors have recently modified their holdings of P. LPL Financial LLC increased its position in shares of Pandora Media by 8.6% in the first quarter. LPL Financial LLC now owns 146,558 shares of the Internet radio service’s stock valued at $1,316,000 after buying an additional 11,630 shares in the last quarter. Sterling Ridge Capital Management LP purchased a new position in shares of Pandora Media during the first quarter valued at $419,000. Natixis purchased a new position in shares of Pandora Media during the first quarter valued at $159,000. Legal & General Group Plc increased its position in shares of Pandora Media by 46.1% in the first quarter. Legal & General Group Plc now owns 14,373 shares of the Internet radio service’s stock valued at $129,000 after buying an additional 4,534 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Pandora Media during the first quarter valued at $172,000.

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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