Pandora Media Inc (NYSE:P) has earned an average rating of “Hold” from the thirty analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.85.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Pandora Media from a “hold” rating to a “buy” rating and set a $9.25 price target on the stock in a research report on Saturday, August 4th. ValuEngine upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Wedbush set a $10.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Canaccord Genuity set a $10.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, Susquehanna Bancshares boosted their price target on shares of Pandora Media from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 1st.

In other news, CRO John Trimble sold 100,577 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $8.02, for a total value of $806,627.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Karen Sammis Walker sold 16,528 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $8.11, for a total transaction of $134,042.08. Following the completion of the sale, the insider now directly owns 701,007 shares in the company, valued at $5,685,166.77. The disclosure for this sale can be found here. Insiders have sold 180,890 shares of company stock valued at $1,461,155 in the last quarter. Company insiders own 0.43% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Pandora Media by 15.8% during the second quarter. Brighton Jones LLC now owns 46,740 shares of the Internet radio service’s stock valued at $368,000 after acquiring an additional 6,383 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Pandora Media by 16.6% during the first quarter. Cubist Systematic Strategies LLC now owns 56,070 shares of the Internet radio service’s stock valued at $282,000 after acquiring an additional 7,966 shares during the last quarter. New York State Common Retirement Fund grew its position in Pandora Media by 2.2% during the first quarter. New York State Common Retirement Fund now owns 501,700 shares of the Internet radio service’s stock valued at $2,524,000 after acquiring an additional 10,800 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Pandora Media by 41.0% during the first quarter. Xact Kapitalforvaltning AB now owns 40,252 shares of the Internet radio service’s stock valued at $202,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in Pandora Media by 14.2% during the second quarter. Voya Investment Management LLC now owns 99,925 shares of the Internet radio service’s stock valued at $787,000 after acquiring an additional 12,463 shares during the last quarter.

P opened at $8.06 on Tuesday. Pandora Media has a fifty-two week low of $4.09 and a fifty-two week high of $8.77. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.73 and a current ratio of 2.73. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -6.50 and a beta of -0.63.

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

About Pandora Media

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.

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Analyst Recommendations for Pandora Media (NYSE:P)

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