Insider Selling: Peter Gotcher Unloads 62,614 Shares of Pandora Media Stock (P)
Pandora Media (NYSE:P) Director Peter Gotcher unloaded 62,614 shares of Pandora Media stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.18, for a total transaction of $1,326,164.52. Following the completion of the transaction, the director now directly owns 1,143,063 shares of the company’s stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on P. Analysts at Albert Fried & Company reiterated a “market perform” rating on shares of Pandora Media (NYSE:P) in a research note to investors on Thursday. Separately, analysts at Barrington Research reiterated an “outperform” rating on shares of Pandora Media (NYSE:P) in a research note to investors on Monday, August 26th. They now have a $23.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Pandora Media (NYSE:P) in a research note to investors on Monday, August 26th. They now have a $25.00 price target on the stock.
Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.64.
Shares of Pandora Media (NYSE:P) traded up 12.11% during mid-day trading on Thursday, hitting $23.97. 34,140,280 shares of the company’s stock traded hands. Pandora Media has a 52-week low of $7.08 and a 52-week high of $21.98. The stock has a 50-day moving average of $19.44 and a 200-day moving average of $16.23. The company’s market cap is $4.229 billion. Pandora Media also was the recipient of some unusual options trading on Thursday. Investors bought 38,992 call options on the company. This represents an increase of 201% compared to the typical daily volume of 12,956 call options.
Pandora Media (NYSE:P) last released its earnings data on Thursday, August 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $157.40 million for the quarter, compared to the consensus estimate of $156.35 million. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts predict that Pandora Media will post $0.04 earnings per share for the current fiscal year.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.