Pandora Media Inc. (NYSE:P) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They presently have a $12.52 price objective on the Internet radio service’s stock. Vetr‘s price objective indicates a potential upside of 11.59% from the stock’s previous close.

Other research analysts have also issued reports about the stock. SunTrust Banks Inc. upgraded shares of Pandora Media from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $18.00 in a research note on Monday, September 12th. B. Riley restated a “buy” rating and set a $18.00 price target on shares of Pandora Media in a research report on Monday, September 12th. MKM Partners boosted their price target on shares of Pandora Media from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. Piper Jaffray Cos. set a $18.00 price target on shares of Pandora Media and gave the company a “buy” rating in a research report on Friday, August 19th. Finally, Canaccord Genuity boosted their price target on shares of Pandora Media from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pandora Media presently has an average rating of “Hold” and a consensus target price of $14.47.

Analyst Recommendations for Pandora Media (NYSE:P)

Shares of Pandora Media (NYSE:P) opened at 11.22 on Monday. Pandora Media has a 12-month low of $7.10 and a 12-month high of $16.23. The company has a 50-day moving average price of $11.64 and a 200-day moving average price of $12.57. The firm’s market capitalization is $2.62 billion.

Pandora Media (NYSE:P) last released its quarterly earnings data 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 net margin of 20.50% and a negative return on equity of 30.45%. The business 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 posted $0.10 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts predict that Pandora Media will post ($0.62) EPS for the current year.

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In other Pandora Media news, insider Christopher Douglas Martin sold 2,000 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $13.37, for a total value of $26,740.00. Following the transaction, the insider now directly owns 336,569 shares in the company, valued at $4,499,927.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.64% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Pandora Media by 0.8% in the second quarter. US Bancorp DE now owns 17,597 shares of the Internet radio service’s stock worth $219,000 after buying an additional 135 shares during the period. Public Employees Retirement Association of Colorado boosted its stake 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 during the period. Beech Hill Advisors Inc. boosted its stake in shares of Pandora Media by 0.4% in the third quarter. Beech Hill Advisors Inc. now owns 85,600 shares of the Internet radio service’s stock worth $1,227,000 after buying an additional 300 shares during the period. Profund Advisors LLC boosted its stake in shares of Pandora Media by 0.5% in the third quarter. Profund Advisors LLC now owns 77,426 shares of the Internet radio service’s stock worth $1,110,000 after buying an additional 413 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of Pandora Media by 0.9% in the third quarter. LPL Financial LLC now owns 71,412 shares of the Internet radio service’s stock worth $1,048,000 after buying an additional 637 shares during the period.

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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