Pandora Media, Inc. (P) Lifted to “Outperform” at BMO Capital Markets
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.
COPYRIGHT VIOLATION NOTICE: “Pandora Media, Inc. (P) Lifted to “Outperform” at BMO Capital Markets” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/19/pandora-media-inc-p-lifted-to-outperform-at-bmo-capital-markets.html.
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.
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.