Vetr lowered shares of Pandora Media (NYSE:P) from a buy rating to a hold rating in a report issued on Wednesday. Vetr currently has $5.06 target price on the Internet radio service’s stock.

Other equities research analysts have also recently issued research reports about the stock. Piper Jaffray Companies reissued a buy rating and issued a $9.00 price target on shares of Pandora Media in a research note on Friday, November 3rd. Stifel Nicolaus set a $12.00 price objective on Pandora Media and gave the company a buy rating in a report on Tuesday, October 31st. FBR & Co restated a buy rating and issued a $11.00 price objective on shares of Pandora Media in a report on Tuesday, October 31st. Canaccord Genuity restated a buy rating and issued a $14.00 price objective on shares of Pandora Media in a report on Monday, October 30th. Finally, Wedbush set a $15.00 price objective on Pandora Media and gave the company a buy rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Pandora Media currently has an average rating of Hold and a consensus target price of $10.13.

Shares of Pandora Media (NYSE:P) opened at $4.90 on Wednesday. Pandora Media has a one year low of $4.09 and a one year high of $13.72. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.

In related news, CEO Roger Lynch sold 78,707 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $4.77, for a total value of $375,432.39. Following the sale, the chief executive officer now directly owns 701,607 shares in the company, valued at approximately $3,346,665.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.59% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its position in Pandora Media by 644.2% in the 4th quarter. Jane Street Group LLC now owns 520,744 shares of the Internet radio service’s stock valued at $2,510,000 after acquiring an additional 450,770 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Pandora Media by 16.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 2,567,397 shares of the Internet radio service’s stock valued at $12,375,000 after acquiring an additional 354,753 shares in the last quarter. Teachers Advisors LLC grew its position in Pandora Media by 22.9% in the 4th quarter. Teachers Advisors LLC now owns 6,670,430 shares of the Internet radio service’s stock valued at $32,151,000 after acquiring an additional 1,242,299 shares in the last quarter. California State Teachers Retirement System grew its position in Pandora Media by 5.3% in the 4th quarter. California State Teachers Retirement System now owns 383,063 shares of the Internet radio service’s stock valued at $1,846,000 after acquiring an additional 19,270 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in Pandora Media in the 4th quarter valued at about $4,820,000.

COPYRIGHT VIOLATION NOTICE: “Vetr Downgrades Pandora Media (P) to Hold” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2018/02/15/vetr-downgrades-pandora-media-p-to-hold.html.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Pandora Media (NYSE:P)

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