Shares of Pandora Media Inc (NYSE:P) were up 5.4% on Monday . The stock traded as high as $9.38 and last traded at $9.33. Approximately 9,084,739 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 9,249,423 shares. The stock had previously closed at $8.85.

A number of equities analysts recently commented on P shares. Barrington Research upgraded Pandora Media from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 1st. Nomura started coverage on Pandora Media in a report on Tuesday, July 10th. They set a “neutral” rating and a $8.00 target price for the company. BMO Capital Markets upped their target price on Pandora Media from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, August 1st. Morgan Stanley upped their target price on Pandora Media from $6.00 to $8.00 and gave the company a “weight” rating in a report on Tuesday, July 3rd. Finally, Zacks Investment Research upgraded Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.85.

The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -7.51 and a beta of -0.49. 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 issued its quarterly earnings results on Tuesday, July 31st. The Internet radio service reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.12. The company had revenue of $384.79 million for the quarter, compared to analysts’ expectations of $373.61 million. Pandora Media had a negative return on equity of 243.61% and a negative net margin of 24.14%. analysts predict that Pandora Media Inc will post -0.95 EPS for the current fiscal year.

In other news, COO David Gerbitz sold 36,577 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $8.16, for a total value of $298,468.32. Following the sale, the chief operating officer now directly owns 574,617 shares of the company’s stock, valued at $4,688,874.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Stephen G. Bene sold 27,208 shares of the stock in a transaction 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 completion of the sale, the general counsel now directly owns 577,033 shares in the company, valued at $4,708,589.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 180,890 shares of company stock worth $1,461,155. Insiders own 0.43% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in P. FNY Investment Advisers LLC purchased a new stake in shares of Pandora Media during the second quarter valued at $118,000. Delpha Capital Management LLC purchased a new stake in shares of Pandora Media during the first quarter valued at $160,000. Xact Kapitalforvaltning AB boosted its position in shares of 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 buying an additional 11,700 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Pandora Media during the second quarter valued at $212,000. Finally, Allen Investment Management LLC purchased a new stake in shares of Pandora Media during the first quarter valued at $242,000.

About Pandora Media (NYSE:P)

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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