Pandora Media Inc (NYSE:P) has received an average rating of “Hold” from the thirty brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nineteen have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.23.

A number of equities research analysts recently commented on P shares. Needham & Company LLC lowered Pandora Media from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Zacks Investment Research upgraded Pandora Media from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research report on Saturday, August 4th. William Blair lowered Pandora Media from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. ValuEngine upgraded Pandora Media from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Royal Bank of Canada upgraded Pandora Media from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 1st.

Shares of NYSE P opened at $9.04 on Wednesday. The company has a market capitalization of $2.53 billion, a P/E ratio of -7.29 and a beta of -0.64. Pandora Media has a 52 week low of $4.09 and a 52 week high of $10.07. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.73 and a current ratio of 2.73.

Pandora Media (NYSE:P) last issued its earnings results on Tuesday, July 31st. The Internet radio service reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.12. The firm had revenue of $384.79 million for the quarter, compared to analyst estimates of $373.61 million. Pandora Media had a negative return on equity of 243.61% and a negative net margin of 24.14%. Sell-side analysts predict that Pandora Media will post -0.95 earnings per share for the current fiscal year.

In other news, CRO John Trimble sold 100,577 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $8.02, for a total transaction of $806,627.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen Sammis Walker sold 16,528 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $8.11, for a total value of $134,042.08. Following the transaction, the insider now directly owns 701,007 shares of the company’s stock, valued at $5,685,166.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 180,890 shares of company stock valued at $1,461,155. Corporate insiders own 0.43% of the company’s stock.

Several hedge funds have recently made changes to their positions in P. FNY Investment Advisers LLC acquired a new position in Pandora Media in the 2nd quarter valued at $118,000. Xact Kapitalforvaltning AB raised its stake in Pandora Media by 41.0% in the 1st quarter. Xact Kapitalforvaltning AB now owns 40,252 shares of the Internet radio service’s stock valued at $202,000 after purchasing an additional 11,700 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Pandora Media in the 2nd quarter valued at $212,000. Fox Run Management L.L.C. acquired a new position in Pandora Media in the 2nd quarter valued at $270,000. Finally, Cubist Systematic Strategies LLC raised its stake in Pandora Media by 16.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 56,070 shares of the Internet radio service’s stock valued at $282,000 after purchasing an additional 7,966 shares during the last quarter.

Pandora Media Company Profile

Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides Pandora?Ad-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.

Read More: Terms to Better Understand Call Options

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.