Wedbush set a $10.00 price target on Pandora Media (NYSE:P) in a research report report published on Tuesday morning. The firm currently has a buy rating on the Internet radio service’s stock.

Several other brokerages have also issued reports on P. Barrington Research upgraded Pandora Media from a market perform rating to an outperform rating in a research report on Wednesday, August 1st. Nomura initiated coverage on Pandora Media in a research report on Tuesday, July 10th. They issued a neutral rating and a $8.00 price objective for the company. William Blair lowered Pandora Media from an outperform rating to a market perform rating in a research report on Monday. BMO Capital Markets boosted their price objective on Pandora Media from $12.00 to $13.00 and gave the company an outperform rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley boosted their price objective on Pandora Media from $6.00 to $8.00 and gave the company a weight rating in a research report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Pandora Media has an average rating of Hold and an average target price of $8.37.

Pandora Media stock opened at $9.01 on Tuesday. The stock has a market cap of $2.42 billion, a PE ratio of -7.27 and a beta of -0.49. Pandora Media has a 1 year low of $4.09 and a 1 year high of $10.07. The company has a debt-to-equity ratio of 2.76, a current ratio of 2.73 and a quick ratio of 2.73.

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

In other news, 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 transaction of $134,042.08. Following the sale, the insider now owns 701,007 shares in the company, valued at approximately $5,685,166.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen G. Bene sold 27,208 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $8.16, for a total value of $222,017.28. Following the sale, the general counsel now owns 577,033 shares in the company, valued at approximately $4,708,589.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,890 shares of company stock worth $1,461,155. Company insiders own 0.43% of the company’s stock.

Several institutional investors have recently made changes to their positions in P. Swiss National Bank raised its stake in Pandora Media by 5.4% in the 1st quarter. Swiss National Bank now owns 423,600 shares of the Internet radio service’s stock valued at $2,131,000 after acquiring an additional 21,700 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Pandora Media by 24.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 782,773 shares of the Internet radio service’s stock valued at $3,938,000 after acquiring an additional 153,096 shares during the period. Aperio Group LLC raised its stake in Pandora Media by 142.7% in the 1st quarter. Aperio Group LLC now owns 57,855 shares of the Internet radio service’s stock valued at $291,000 after acquiring an additional 34,017 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Pandora Media by 43.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 87,659 shares of the Internet radio service’s stock valued at $441,000 after acquiring an additional 26,600 shares during the period. Finally, Northern Trust Corp raised its stake in Pandora Media by 3.8% in the 1st quarter. Northern Trust Corp now owns 1,201,896 shares of the Internet radio service’s stock valued at $6,044,000 after acquiring an additional 43,776 shares during the period.

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.

Recommended Story: Stop Order

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.