Pandora Media, Inc. (NYSE:P) EVP David Gerbitz sold 9,523 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $48,662.53. Following the sale, the executive vice president now directly owns 316,084 shares of the company’s stock, valued at $1,615,189.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Gerbitz also recently made the following trade(s):

  • On Friday, September 1st, David Gerbitz sold 30,000 shares of Pandora Media stock. The shares were sold at an average price of $8.34, for a total transaction of $250,200.00.

Pandora Media, Inc. (NYSE:P) opened at $5.16 on Tuesday. Pandora Media, Inc. has a 1-year low of $4.44 and a 1-year high of $14.10. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58.

Pandora Media (NYSE:P) last released its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $378.60 million during the quarter, compared to the consensus estimate of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. equities research analysts expect that Pandora Media, Inc. will post -1.09 earnings per share for the current fiscal year.

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P has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Stifel Nicolaus set a $12.00 price target on shares of Pandora Media and gave the company a “buy” rating in a report on Tuesday, October 31st. FBR & Co restated a “buy” rating and set a $11.00 price target on shares of Pandora Media in a report on Tuesday, October 31st. Canaccord Genuity restated a “buy” rating and set a $14.00 price target on shares of Pandora Media in a report on Monday, October 30th. Finally, Wedbush set a $15.00 price target on shares of Pandora Media and gave the company a “buy” rating in a report on Monday, October 30th. Three analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.11.

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Pandora Media during the 3rd quarter worth about $259,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Pandora Media during the 3rd quarter worth about $1,865,000. Alyeska Investment Group L.P. increased its position in shares of Pandora Media by 21.3% during the 3rd quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock worth $39,773,000 after purchasing an additional 906,180 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Pandora Media during the 3rd quarter worth about $180,000. Finally, Cowen Inc. increased its position in shares of Pandora Media by 70.3% during the 3rd quarter. Cowen Inc. now owns 69,500 shares of the Internet radio service’s stock worth $535,000 after purchasing an additional 28,700 shares in the last quarter.

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.

Insider Buying and Selling by Quarter for Pandora Media (NYSE:P)

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