Pandora Media Inc (NYSE:P) has been given an average rating of “Hold” by the thirty-eight ratings firms that are covering the company. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.40.

A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $18.00 target price on shares of Pandora Media in a research note on Monday, September 12th. Vetr cut shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $15.56 target price for the company. in a research note on Tuesday, September 13th. Wedbush set a $15.00 target price on shares of Pandora Media and gave the company a “buy” rating in a research note on Wednesday, September 14th. Finally, MKM Partners lifted their target price on shares of Pandora Media from $11.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th.

Pandora Media (NYSE:P) traded up 4.46% during mid-day trading on Wednesday, reaching $11.72. The company had a trading volume of 12,144,469 shares. Pandora Media has a 52-week low of $7.10 and a 52-week high of $16.23. The company’s 50 day moving average is $11.64 and its 200 day moving average is $12.57. The stock’s market capitalization is $2.73 billion.

Pandora Media (NYSE:P) last released its earnings results on Tuesday, October 25th. The Internet radio service reported ($0.07) earnings per share 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 had revenue of $351.90 million for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts predict that Pandora Media will post ($0.62) earnings per share for the current year.

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In other news, insider Christopher Douglas Martin sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $13.98, for a total transaction of $27,960.00. Following the completion of the transaction, the insider now owns 338,569 shares of the company’s stock, valued at $4,733,194.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.64% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in shares of Pandora Media by 4.0% in the second quarter. California State Teachers Retirement System now owns 467,411 shares of the Internet radio service’s stock worth $5,819,000 after buying an additional 18,174 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Pandora Media by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 787,389 shares of the Internet radio service’s stock worth $9,801,000 after buying an additional 44,530 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Pandora Media by 26.1% in the second quarter. Nordea Investment Management AB now owns 768,040 shares of the Internet radio service’s stock worth $9,562,000 after buying an additional 158,800 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Pandora Media by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 49,262 shares of the Internet radio service’s stock worth $613,000 after buying an additional 277 shares in the last quarter. Finally, IBM Retirement Fund increased its position in shares of Pandora Media by 5.0% in the second quarter. IBM Retirement Fund now owns 22,227 shares of the Internet radio service’s stock worth $277,000 after buying an additional 1,062 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.

5 Day Chart for NYSE:P

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