Raymond James Financial reaffirmed their hold rating on shares of Pandora Media (NYSE:P) in a research report sent to investors on Thursday morning.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Pandora Media from a hold rating to a sell rating in a research note on Thursday, October 5th. Stifel Nicolaus set a $12.00 target price on shares of Pandora Media and gave the company a buy rating in a research note on Tuesday, October 31st. Canaccord Genuity reiterated a buy rating and set a $14.00 target price on shares of Pandora Media in a research note on Monday, October 30th. BMO Capital Markets upgraded shares of Pandora Media from a market perform rating to an outperform rating and lowered their target price for the company from $11.00 to $7.00 in a research note on Thursday, November 16th. Finally, FBR & Co reiterated a buy rating and set a $11.00 target price on shares of Pandora Media in a research note on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, twenty-seven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Pandora Media currently has an average rating of Hold and a consensus price target of $10.94.

Pandora Media (NYSE:P) traded down $0.03 on Thursday, reaching $4.98. 17,381,000 shares of the company traded hands, compared to its average volume of 9,854,265. The company has a debt-to-equity ratio of 1.58, a quick ratio of 4.18 and a current ratio of 4.18. Pandora Media has a 1 year low of $4.44 and a 1 year high of $13.72.

Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The firm had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $380.54 million. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. equities research analysts anticipate that Pandora Media will post -1.09 EPS for the current fiscal year.

In other Pandora Media news, insider Christopher W. Phillips sold 9,988 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $51,038.68. Following the completion of the sale, the insider now directly owns 413,884 shares of the company’s stock, valued at approximately $2,114,947.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Stephen G. Bene sold 7,967 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $40,711.37. Following the sale, the general counsel now directly owns 330,865 shares of the company’s stock, valued at $1,690,720.15. The disclosure for this sale can be found here. Insiders sold a total of 37,682 shares of company stock valued at $192,555 over the last three months. 2.59% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in shares of Pandora Media in the 3rd quarter valued at about $259,000. Cubist Systematic Strategies LLC acquired a new position in shares of Pandora Media in the 3rd quarter valued at about $1,865,000. Alyeska Investment Group L.P. increased its holdings in shares of Pandora Media by 21.3% in the 3rd quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock valued at $39,773,000 after purchasing an additional 906,180 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Pandora Media in the 3rd quarter valued at about $180,000. Finally, Cowen Inc. increased its holdings in shares of Pandora Media by 70.3% in the 3rd quarter. Cowen Inc. now owns 69,500 shares of the Internet radio service’s stock valued at $535,000 after purchasing an additional 28,700 shares during the period.

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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.

Analyst Recommendations for Pandora Media (NYSE:P)

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