Pandora Media Inc. (NYSE:P) insider Christopher Douglas Martin sold 2,000 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $13.37, for a total transaction of $26,740.00. Following the transaction, the insider now owns 336,569 shares in the company, valued at approximately $4,499,927.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Christopher Douglas Martin also recently made the following trade(s):

  • On Thursday, September 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.98, for a total transaction of $27,960.00.
  • On Friday, August 26th, Christopher Douglas Martin sold 6,667 shares of Pandora Media stock. The stock was sold at an average price of $14.32, for a total transaction of $95,471.44.
  • On Tuesday, August 16th, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.21, for a total transaction of $26,420.00.
  • On Monday, August 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.60, for a total transaction of $27,200.00.

Pandora Media Inc. (NYSE:P) opened at 13.68 on Thursday. The stock’s market cap is $3.16 billion. Pandora Media Inc. has a 52-week low of $7.10 and a 52-week high of $22.20. The stock has a 50 day moving average price of $13.76 and a 200 day moving average price of $11.59.

Pandora Media (NYSE:P) last released its quarterly earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. Pandora Media had a negative return on equity of 25.53% and a negative net margin of 23.04%. The company had revenue of $343 million for the quarter, compared to analyst estimates of $351.48 million. Analysts expect that Pandora Media Inc. will post ($0.39) EPS for the current fiscal year.

Several research analysts have weighed in on the stock. Piper Jaffray Cos. upgraded shares of Pandora Media from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $12.00 to $18.00 in a report on Wednesday, July 13th. FBR & Co reiterated an “outperform” rating and issued a $16.00 target price on shares of Pandora Media in a research note on Tuesday, July 26th. BMO Capital Markets reiterated a “hold” rating on shares of Pandora Media in a research note on Wednesday, September 14th. Zacks Investment Research lowered shares of Pandora Media from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Finally, B. Riley reiterated a “buy” rating and issued a $18.00 target price on shares of Pandora Media in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $16.08.

A number of hedge funds have recently added to or reduced their stakes in P. Norges Bank bought a new stake in Pandora Media during the fourth quarter valued at $15,654,000. Lockheed Martin Investment Management Co. acquired a new position in shares of Pandora Media during the first quarter valued at approximately $1,754,000. TIAA CREF Investment Management LLC increased its position in shares of Pandora Media by 0.3% in the first quarter. TIAA CREF Investment Management LLC now owns 639,383 shares of the Internet radio service’s stock valued at $5,722,000 after buying an additional 1,708 shares during the period. BlackRock Inc. increased its position in shares of Pandora Media by 308.2% in the first quarter. BlackRock Inc. now owns 25,287 shares of the Internet radio service’s stock valued at $227,000 after buying an additional 19,093 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Pandora Media by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,032,903 shares of the Internet radio service’s stock valued at $45,044,000 after buying an additional 110,180 shares during the period.

About Pandora Media

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.

5 Day Chart for NYSE:P

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.