BMO Capital Markets upgraded shares of Pandora Media, Inc. (NYSE:P) from a market perform rating to an outperform rating in a report published on Thursday, Marketbeat.com reports. The firm currently has $7.00 target price on the Internet radio service’s stock, down from their prior target price of $11.00.

Other equities analysts have also recently issued reports about the stock. Credit Suisse Group reissued a neutral rating and issued a $8.95 price objective (up from $8.55) on shares of Pandora Media in a research report on Tuesday, August 1st. Wedbush reissued a buy rating on shares of Pandora Media in a research report on Tuesday, August 1st. MKM Partners reissued a neutral rating and issued a $10.00 price objective on shares of Pandora Media in a research report on Wednesday, August 2nd. FBR & Co reissued a buy rating and issued a $11.00 price objective on shares of Pandora Media in a research report on Monday, September 25th. Finally, Royal Bank Of Canada decreased their price objective on shares of Pandora Media from $15.00 to $10.00 and set a sector perform rating for the company in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Pandora Media has a consensus rating of Hold and an average price target of $11.11.

Shares of Pandora Media (NYSE P) traded down $0.01 during midday trading on Thursday, reaching $5.14. The company had a trading volume of 6,323,492 shares, compared to its average volume of 15,400,851. Pandora Media has a 52-week low of $4.44 and a 52-week high of $14.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.

Pandora Media (NYSE:P) last announced its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The firm had revenue of $378.60 million during the quarter, compared to the consensus estimate of $380.54 million. During the same period in the prior year, the firm earned ($0.07) EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts forecast that Pandora Media will post -1.09 earnings per share for the current year.

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In other Pandora Media news, EVP David Gerbitz sold 30,000 shares of Pandora Media stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $8.34, for a total value of $250,200.00. Following the transaction, the executive vice president now owns 335,607 shares in the company, valued at $2,798,962.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.59% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Falcon Point Capital LLC acquired a new position in Pandora Media in the 2nd quarter worth approximately $102,000. Prudential Financial Inc. acquired a new position in Pandora Media in the 2nd quarter worth approximately $109,000. Symmetry Peak Management LLC acquired a new position in Pandora Media in the 2nd quarter worth approximately $112,000. Aperio Group LLC acquired a new position in Pandora Media in the 2nd quarter worth approximately $115,000. Finally, Fox Run Management L.L.C. acquired a new position in Pandora Media in the 3rd quarter worth approximately $111,000.

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)

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