TD Securities reissued their hold rating on shares of Pandora Media Inc (NYSE:P) in a report published on Thursday.

P has been the subject of a number of other reports. BMO Capital Markets raised shares of Pandora Media from a market perform rating to an outperform rating and reduced their price objective for the company from $11.00 to $7.00 in a research note on Thursday, November 16th. Zacks Investment Research raised shares of Pandora Media from a sell rating to a hold rating in a research note on Thursday, November 9th. Piper Jaffray Companies reaffirmed a buy rating and set a $9.00 price objective on shares of Pandora Media in a research note on Friday, November 3rd. J P Morgan Chase & Co lowered shares of Pandora Media from an overweight rating to a neutral rating and set a $9.00 price objective for the company. in a research note on Friday, November 3rd. Finally, B. Riley lowered shares of Pandora Media from a buy rating to a neutral rating and reduced their price objective for the company from $11.00 to $8.00 in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Pandora Media currently has an average rating of Hold and a consensus price target of $11.11.

Shares of Pandora Media (NYSE:P) traded down $0.07 during midday trading on Thursday, reaching $5.26. 3,067,500 shares of the company’s stock were exchanged, compared to its average volume of 9,808,383. Pandora Media has a 52 week low of $4.44 and a 52 week high of $14.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.

Pandora Media (NYSE:P) last issued its quarterly earnings results on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative net margin of 17.50% and a negative return on equity of 176.99%. The company had revenue of $378.60 million during the quarter, compared to the consensus estimate of $380.54 million. During the same period in the prior year, the company earned ($0.07) EPS. Pandora Media’s revenue was up 7.6% on a year-over-year basis. equities research analysts forecast that Pandora Media will post -1.09 EPS for the current year.

In related news, General Counsel Stephen G. Bene sold 7,967 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $40,711.37. Following the transaction, the general counsel now owns 330,865 shares in the company, valued at $1,690,720.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO John Trimble sold 10,204 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $52,142.44. Following the completion of the transaction, the executive now owns 454,645 shares in the company, valued at approximately $2,323,235.95. The disclosure for this sale can be found here. Insiders sold 67,682 shares of company stock valued at $442,755 over the last three months. 2.59% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Pandora Media by 4.8% in the second quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock worth $161,092,000 after buying an additional 829,682 shares during the last quarter. First Trust Advisors LP increased its holdings in Pandora Media by 51.9% in the second quarter. First Trust Advisors LP now owns 7,183,485 shares of the Internet radio service’s stock worth $64,077,000 after buying an additional 2,454,296 shares during the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Pandora Media by 0.7% in the second quarter. Ontario Teachers Pension Plan Board now owns 7,046,899 shares of the Internet radio service’s stock worth $62,858,000 after buying an additional 46,899 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Pandora Media by 21.3% in the third quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock worth $39,773,000 after buying an additional 906,180 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Pandora Media by 1,179.5% in the third quarter. SG Americas Securities LLC now owns 4,505,951 shares of the Internet radio service’s stock worth $34,696,000 after buying an additional 4,153,778 shares during the last quarter.

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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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