Pandora Media (NYSE: P) has recently received a number of price target changes and ratings updates:

  • 10/6/2017 – Pandora Media was given a new $13.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/5/2017 – Pandora Media was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Pandora Media, Inc. operates as a provider of Internet radio in the United States. It provides services to traditional computers, smartphones, such as Android phones, Blackberry phones and the iPhone. When a listener enters a single song, artist, composer or genre to start a station, its mathematical algorithms combine the genes cataloged with individual and collective feedback to suggest songs and build personalized playlists. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio. Pandora Media, Inc., formerly known as Savage Beast Technologies Incorporated, is based in Oakland, California. “
  • 9/25/2017 – Pandora Media had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $11.00 price target on the stock.
  • 9/22/2017 – Pandora Media was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/14/2017 – Pandora Media had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock.
  • 9/7/2017 – Pandora Media had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/23/2017 – Pandora Media had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $12.00 price target on the stock.
  • 8/18/2017 – Pandora Media was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/15/2017 – Pandora Media had its “hold” rating reaffirmed by analysts at Wells Fargo & Company.
  • 8/15/2017 – Pandora Media was given a new $12.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 8/15/2017 – Pandora Media had its “buy” rating reaffirmed by analysts at FBR & Co. They now have a $11.00 price target on the stock.

Pandora Media, Inc. (P) opened at 7.85 on Wednesday. The firm’s 50 day moving average price is $8.17 and its 200 day moving average price is $9.14. Pandora Media, Inc. has a 12 month low of $6.76 and a 12 month high of $14.10. The stock’s market cap is $1.90 billion.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.08. Pandora Media had a negative net margin of 39.90% and a negative return on equity of 58.81%. The business had revenue of $376.83 million during the quarter, compared to analysts’ expectations of $367.51 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Pandora Media, Inc. will post ($0.50) EPS for the current fiscal year.

In related news, insider Christopher W. Phillips sold 10,322 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total transaction of $86,911.24. Following the completion of the transaction, the insider now owns 423,872 shares of the company’s stock, valued at approximately $3,569,002.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Gerbitz sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $8.34, for a total transaction of $250,200.00. Following the completion of the transaction, the executive vice president now directly owns 335,607 shares of the company’s stock, valued at approximately $2,798,962.38. The disclosure for this sale can be found here. Insiders have sold a total of 67,366 shares of company stock valued at $564,822 in the last ninety days. 2.59% of the stock is currently owned by corporate insiders.

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.

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