Pandora Media Inc. (NYSE:P) insider Christopher Douglas Martin sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $10.83, for a total transaction of $21,660.00. Following the transaction, the insider now directly owns 332,995 shares of the company’s stock, valued at approximately $3,606,335.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Christopher Douglas Martin also recently made the following trade(s):

  • On Tuesday, November 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The shares were sold at an average price of $11.31, for a total transaction of $22,620.00.
  • On Friday, September 16th, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The shares were sold at an average price of $13.37, for a total transaction of $26,740.00.
  • On Thursday, September 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The shares were sold at an average price of $13.98, for a total transaction of $27,960.00.
  • On Friday, August 26th, Christopher Douglas Martin sold 6,667 shares of Pandora Media stock. The shares were sold at an average price of $14.32, for a total transaction of $95,471.44.

Shares of Pandora Media Inc. (NYSE:P) traded up 0.949% during mid-day trading on Friday, reaching $11.165. 3,302,158 shares of the company were exchanged. Pandora Media Inc. has a 12 month low of $7.10 and a 12 month high of $16.23. The stock’s market capitalization is $2.61 billion. The stock has a 50 day moving average price of $12.26 and a 200-day moving average price of $12.44.

Pandora Media (NYSE:P) last issued its quarterly earnings results on Tuesday, October 25th. The Internet radio service reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.01. Pandora Media had a negative return on equity of 30.45% and a negative net margin of 20.50%. The firm earned $351.90 million during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. Analysts predict that Pandora Media Inc. will post ($0.62) earnings per share for the current year.

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

Several equities research analysts recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $15.00 price target on shares of Pandora Media in a research report on Monday, July 25th. Pacific Crest restated a “sell” rating on shares of Pandora Media in a report on Monday, September 12th. Finally, Wedbush set a $15.00 target price on shares of Pandora Media and gave the stock a “buy” rating in a report on Wednesday, September 14th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. Pandora Media has an average rating of “Hold” and a consensus price target of $15.02.

A number of hedge funds and other institutional investors have recently modified their holdings of P. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Pandora Media by 12.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,074 shares of the Internet radio service’s stock valued at $116,000 after buying an additional 876 shares in the last quarter. DIAM Co. Ltd. bought a new stake in shares of Pandora Media during the third quarter valued at $133,000. Gruss & Co. Inc. bought a new stake in shares of Pandora Media during the second quarter valued at $125,000. Osterweis Capital Management Inc. bought a new stake in shares of Pandora Media during the second quarter valued at $125,000. Finally, Passport Capital LLC bought a new stake in shares of Pandora Media during the second quarter valued at $127,000.

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.

5 Day Chart for NYSE:P

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