Pandora Media Inc (NYSE:P) was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a note issued to investors on Thursday. They currently have a $10.74 price objective on the Internet radio service’s stock. Vetr‘s price objective suggests a potential downside of 4.45% from the stock’s current price.

Several other research firms have also recently issued reports on P. B. Riley reaffirmed a “neutral” rating and issued a $10.00 price target on shares of Pandora Media in a report on Tuesday, March 29th. RBC Capital reissued a “hold” rating and set a $13.00 target price on shares of Pandora Media in a research note on Saturday, April 30th. SunTrust reissued a “neutral” rating on shares of Pandora Media in a research note on Monday, April 25th. Cowen and Company reissued a “market perform” rating and set a $9.00 target price on shares of Pandora Media in a research note on Tuesday, February 23rd. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Pandora Media in a research note on Monday, March 28th. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the stock. Pandora Media has a consensus rating of “Hold” and a consensus price target of $15.36.

In other Pandora Media news, CTO Christopher Douglas Martin sold 4,000 shares of the stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $10.28, for a total value of $41,120.00. Following the sale, the chief technology officer now directly owns 202,633 shares in the company, valued at $2,083,067.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael S. Herring bought 50,000 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was purchased at an average price of $9.21 per share, for a total transaction of $460,500.00. Following the completion of the acquisition, the chief financial officer now owns 400,766 shares of the company’s stock, valued at approximately $3,691,054.86. The disclosure for this purchase can be found here.

Other large investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in Pandora Media during the first quarter valued at $600,000. Seven Eight Capital LLC bought a new stake in shares of Pandora Media during the first quarter worth approximately $272,000. LPL Financial LLC raised its stake 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 during the last quarter. Sterling Ridge Capital Management LP bought a new stake in shares of Pandora Media during the first quarter worth approximately $419,000. Finally, Natixis bought a new stake in shares of Pandora Media during the first quarter worth approximately $159,000.

Pandora Media (NYSE:P) traded up 2.09% during trading on Thursday, reaching $11.24. The company’s stock had a trading volume of 7,415,265 shares. Pandora Media has a 52 week low of $7.10 and a 52 week high of $22.60. The stock’s market capitalization is $2.57 billion. The firm has a 50 day moving average of $9.58 and a 200 day moving average of $10.68.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, April 28th. The Internet radio service reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.11. During the same period in the prior year, the company posted ($0.12) EPS. The company earned $297.30 million during the quarter, compared to the consensus estimate of $286 million. Pandora Media’s quarterly revenue was up 28.8% on a year-over-year basis. Analysts expect that Pandora Media will post ($0.44) EPS for the current year.

Pandora Media, Inc is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices.

To view Vetr’s full report, visit Vetr’s official website.

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