Pandora Media, Inc. (NYSE:P)‘s stock had its “buy” rating reiterated by stock analysts at FBR & Co in a report released on Tuesday. They presently have a $11.00 price target on the Internet radio service’s stock. FBR & Co’s price target points to a potential upside of 52.14% from the stock’s current price.

A number of other equities analysts also recently commented on P. Zacks Investment Research downgraded shares of Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Pandora Media in a report on Thursday, July 6th. Piper Jaffray Companies set a $13.00 price objective on shares of Pandora Media and gave the stock a “buy” rating in a report on Friday, October 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $12.00 price objective on shares of Pandora Media in a report on Wednesday, July 5th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Pandora Media in a report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.81.

Pandora Media (NYSE P) traded up 0.899% on Tuesday, reaching $7.295. 2,942,734 shares of the company’s stock traded hands. The firm’s market capitalization is $1.77 billion. Pandora Media has a 52 week low of $6.76 and a 52 week high of $14.10. The stock has a 50-day moving average of $7.88 and a 200 day moving average of $8.74.

Pandora Media (NYSE:P) last issued its quarterly earnings data on Monday, July 31st. The Internet radio service reported ($0.31) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $376.83 million during the quarter, compared to the consensus estimate of $367.51 million. During the same quarter last year, the company earned ($0.12) earnings per share. Pandora Media’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that Pandora Media will post ($0.51) EPS for the current fiscal year.

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In other news, CRO John Trimble sold 10,547 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $88,805.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Gerbitz sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was 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 of the company’s stock, valued at $2,798,962.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,366 shares of company stock valued at $564,822. Corporate insiders own 2.59% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Pandora Media by 4.8% during the second quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock valued at $161,092,000 after purchasing an additional 829,682 shares during the period. First Trust Advisors LP increased its position in shares of Pandora Media by 51.9% during the second quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock valued at $64,077,000 after purchasing an additional 2,454,296 shares during the period. Ontario Teachers Pension Plan Board increased its position in shares of Pandora Media by 0.7% during the second quarter. Ontario Teachers Pension Plan Board now owns 7,046,899 shares of the Internet radio service’s stock valued at $62,858,000 after purchasing an additional 46,899 shares during the period. Marshall Wace North America L.P. increased its position in shares of Pandora Media by 789.9% during the second quarter. Marshall Wace North America L.P. now owns 3,084,210 shares of the Internet radio service’s stock valued at $27,758,000 after purchasing an additional 2,737,635 shares during the period. Finally, State Street Corp increased its position in shares of Pandora Media by 2.0% during the second quarter. State Street Corp now owns 3,009,871 shares of the Internet radio service’s stock valued at $26,850,000 after purchasing an additional 59,948 shares during the period.

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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