KeyCorp restated their hold rating on shares of Pandora Media, Inc. (NYSE:P) in a research report report published on Thursday morning.

Several other equities analysts also recently commented on P. Canaccord Genuity reaffirmed a buy rating and issued a $14.00 price objective (down previously from $15.00) on shares of Pandora Media in a research report on Tuesday, August 1st. FBR & Co reissued a buy rating and set a $11.00 price target on shares of Pandora Media in a research report on Tuesday, August 15th. B. Riley reissued a buy rating and set a $15.00 price target on shares of Pandora Media in a research report on Sunday, May 14th. MKM Partners reissued a neutral rating and set a $10.00 price target on shares of Pandora Media in a research report on Wednesday, August 2nd. Finally, Wells Fargo & Company reissued a hold rating on shares of Pandora Media in a research report on Tuesday, August 15th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $12.07.

Shares of Pandora Media (NYSE:P) traded up 0.72% on Thursday, hitting $8.39. 3,307,464 shares of the stock traded hands. The firm’s market cap is $2.04 billion. The firm has a 50 day moving average price of $8.61 and a 200 day moving average price of $9.84. Pandora Media has a 52-week low of $6.76 and a 52-week high of $14.95.

Pandora Media (NYSE:P) last announced its quarterly earnings data on Monday, July 31st. The Internet radio service reported ($0.31) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.08. The company had revenue of $376.83 million for the quarter, compared to the consensus estimate of $367.51 million. Pandora Media had a negative return on equity of 58.81% and a negative net margin of 39.90%. Pandora Media’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. On average, equities analysts forecast that Pandora Media will post ($0.51) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Pandora Media, Inc. (P) Receives Hold Rating from KeyCorp” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/08/pandora-media-inc-p-receives-hold-rating-from-keycorp.html.

In other news, General Counsel Stephen G. Bene sold 6,538 shares of Pandora Media stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total value of $55,049.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher W. Phillips sold 10,322 shares of Pandora Media stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total value of $86,911.24. Following the completion of the sale, the insider now directly owns 423,872 shares in the company, valued at $3,569,002.24. The disclosure for this sale can be found here. Insiders sold 67,366 shares of company stock worth $564,822 over the last ninety days. Corporate insiders own 2.59% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Falcon Point Capital LLC purchased a new position in Pandora Media during the second quarter worth approximately $102,000. Prudential Financial Inc. purchased a new position in Pandora Media during the second quarter worth approximately $109,000. Symmetry Peak Management LLC purchased a new position in Pandora Media during the second quarter worth approximately $112,000. Aperio Group LLC purchased a new position in Pandora Media during the second quarter worth approximately $115,000. Finally, Virtu Financial LLC purchased a new position in Pandora Media during the second quarter worth approximately $121,000.

Pandora Media Company Profile

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.

Analyst Recommendations for Pandora Media (NYSE:P)

Receive News & Stock Ratings for Pandora Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media Inc. and related stocks with our FREE daily email newsletter.