Pandora Media Inc (NYSE:P) insider Christopher W. Phillips sold 12,120 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $8.90, for a total transaction of $107,868.00. Following the sale, the insider now directly owns 688,887 shares in the company, valued at $6,131,094.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE:P traded down $0.31 during mid-day trading on Tuesday, hitting $8.27. The company’s stock had a trading volume of 8,964,800 shares, compared to its average volume of 9,559,410. Pandora Media Inc has a 1 year low of $4.09 and a 1 year high of $10.07. The company has a debt-to-equity ratio of 4.85, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -6.75 and a beta of -0.42.

Pandora Media (NYSE:P) last issued its quarterly earnings data on Monday, November 5th. The Internet radio service reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. The business had revenue of $417.63 million during the quarter, compared to the consensus estimate of $400.69 million. Pandora Media had a negative net margin of 23.85% and a negative return on equity of 330.21%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. As a group, equities research analysts predict that Pandora Media Inc will post -0.93 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Pandora Media by 15.8% in the second quarter. Brighton Jones LLC now owns 46,740 shares of the Internet radio service’s stock worth $368,000 after acquiring an additional 6,383 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Pandora Media by 10.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 98,400 shares of the Internet radio service’s stock worth $936,000 after purchasing an additional 9,441 shares during the last quarter. Teton Advisors Inc. raised its position in shares of Pandora Media by 5.3% during the 3rd quarter. Teton Advisors Inc. now owns 194,839 shares of the Internet radio service’s stock worth $1,853,000 after purchasing an additional 9,800 shares during the last quarter. Ingalls & Snyder LLC raised its position in shares of Pandora Media by 46.6% during the 3rd quarter. Ingalls & Snyder LLC now owns 38,792 shares of the Internet radio service’s stock worth $369,000 after purchasing an additional 12,322 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Pandora Media by 14.2% during the 2nd quarter. Voya Investment Management LLC now owns 99,925 shares of the Internet radio service’s stock worth $787,000 after purchasing an additional 12,463 shares during the last quarter.

P has been the topic of a number of research analyst reports. ValuEngine lowered shares of Pandora Media from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Needham & Company LLC boosted their price objective on shares of Pandora Media from $8.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Canaccord Genuity lowered shares of Pandora Media from a “buy” rating to a “hold” rating and dropped their price objective for the company from $11.00 to $9.00 in a report on Tuesday, November 6th. Credit Suisse Group boosted their price objective on shares of Pandora Media from $7.00 to $10.80 and gave the company a “neutral” rating in a report on Tuesday, September 25th. Finally, Zacks Investment Research raised shares of Pandora Media from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.23.

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Pandora Media Company Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora—Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

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

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