Stifel Nicolaus set a $12.00 target price on Pandora Media, Inc. (NYSE:P) in a report issued on Tuesday morning. The brokerage currently has a buy rating on the Internet radio service’s stock.

A number of other research firms have also weighed in on P. FBR & Co reissued a buy rating and issued a $11.00 target price on shares of Pandora Media in a research note on Tuesday. Wedbush set a $15.00 target price on shares of Pandora Media and gave the stock a buy rating in a research note on Monday, October 30th. Canaccord Genuity reissued a buy rating and issued a $14.00 target price (down from $15.00) on shares of Pandora Media in a research note on Tuesday, August 1st. MKM Partners reissued a neutral rating and issued a $10.00 target price on shares of Pandora Media in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company reissued a hold rating on shares of Pandora Media in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $11.24.

Pandora Media (P) opened at $5.59 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.02 and a current ratio of 3.02.

Pandora Media (NYSE:P) last issued its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $378.60 million for the quarter, compared to analyst estimates of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 63.80%. Pandora Media’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. sell-side analysts expect that Pandora Media will post -1.04 EPS for the current year.

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In other Pandora Media news, insider Christopher W. Phillips sold 10,322 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total transaction of $86,911.24. Following the transaction, the insider now owns 423,872 shares of the company’s stock, valued at $3,569,002.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CRO John Trimble sold 10,547 shares of the 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 disclosure for this sale can be found here. Insiders have sold 67,366 shares of company stock worth $564,822 in the last three months. Insiders own 2.59% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in 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 worth $161,092,000 after purchasing an additional 829,682 shares during the period. First Trust Advisors LP raised its stake in 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 worth $64,077,000 after purchasing an additional 2,454,296 shares during the period. Ontario Teachers Pension Plan Board raised its stake in 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 worth $62,858,000 after purchasing an additional 46,899 shares during the period. Marshall Wace North America L.P. raised its stake in 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 worth $27,758,000 after purchasing an additional 2,737,635 shares during the period. Finally, State Street Corp raised its stake in 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 worth $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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