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

Analyst Recommendations for Pandora Media (NYSE:P)

Other equities analysts have also issued reports about the stock. Axiom Securities raised shares of Pandora Media from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Thursday, June 9th. Citigroup Inc. reaffirmed a buy rating and issued a $16.00 price objective on shares of Pandora Media in a research report on Wednesday, June 8th. Vetr raised shares of Pandora Media from a sell rating to a buy rating and set a $12.64 price objective for the company in a research report on Wednesday, June 1st. B. Riley raised shares of Pandora Media to a buy rating and set a $15.00 price objective for the company in a research report on Saturday, May 28th. Finally, Albert Fried & Company reaffirmed a buy rating on shares of Pandora Media in a research report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $16.08.

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

Pandora Media (NYSE:P) last announced its quarterly earnings data on Thursday, July 21st. The Internet radio service reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. The firm earned $343 million during the quarter, compared to analyst estimates of $351.48 million. Pandora Media had a negative net margin of 23.04% and a negative return on equity of 25.53%. On average, analysts anticipate that Pandora Media will post ($0.39) EPS for the current fiscal year.

In other news, insider Christopher W. Phillips sold 12,274 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $12.15, for a total transaction of $149,129.10. Following the completion of the transaction, the insider now directly owns 288,878 shares of the company’s stock, valued at $3,509,867.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher Douglas Martin sold 6,667 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $14.32, for a total value of $95,471.44. Following the transaction, the insider now directly owns 347,236 shares of the company’s stock, valued at $4,972,419.52. The disclosure for this sale can be found here. 6.64% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. 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 worth $1,316,000 after buying an additional 11,630 shares in the last quarter. Sterling Ridge Capital Management LP bought a new position in shares of Pandora Media during the first quarter worth approximately $419,000. Natixis bought a new position in shares of Pandora Media during the first quarter worth approximately $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 worth $129,000 after buying an additional 4,534 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Pandora Media during the first quarter worth approximately $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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