Pandora Media Inc (NYSE:P) dropped 0% during mid-day trading on Monday . The stock traded as low as $4.72 and last traded at $4.85. Approximately 13,683,276 shares traded hands during trading, an increase of 67% from the average daily volume of 8,210,245 shares. The stock had previously closed at $4.85.

A number of equities research analysts have weighed in on P shares. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price target on shares of Pandora Media in a research report on Thursday, September 14th. ValuEngine cut shares of Pandora Media from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. FBR & Co reiterated a “buy” rating and set a $11.00 price target on shares of Pandora Media in a research report on Monday, September 25th. Zacks Investment Research cut shares of Pandora Media from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies set a $13.00 price target on shares of Pandora Media and gave the company a “buy” rating in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.64.

The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $1,130.00, a price-to-earnings ratio of -1.86 and a beta of -0.25.

Pandora Media (NYSE:P) last announced its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The firm had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $380.54 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts predict that Pandora Media Inc will post -1.09 earnings per share for the current year.

In related news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total value of $375,432.39. Following the completion of the transaction, the chief executive officer now owns 701,607 shares in the company, valued at $3,346,665.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Gerbitz sold 9,523 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $48,662.53. Following the sale, the executive vice president now owns 316,084 shares of the company’s stock, valued at approximately $1,615,189.24. The disclosure for this sale can be found here. Insiders sold 116,389 shares of company stock valued at $567,987 in the last quarter. 2.59% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Prudential Financial Inc. purchased a new stake in shares of Pandora Media during the 2nd quarter worth approximately $109,000. Fox Run Management L.L.C. purchased a new stake in shares of Pandora Media during the 3rd quarter worth approximately $111,000. Symmetry Peak Management LLC purchased a new stake in shares of Pandora Media during the 2nd quarter worth approximately $112,000. Bourgeon Capital Management LLC purchased a new stake in shares of Pandora Media during the 3rd quarter worth approximately $115,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Pandora Media by 49.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,015 shares of the Internet radio service’s stock worth $134,000 after buying an additional 5,000 shares during the last quarter.

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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.

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