Investors Purchase High Volume of Pandora Media Call Options (P)
Pandora Media (NYSE:P) was the target of some unusual options trading on Thursday. Stock traders purchased 38,992 call options on the stock, American Banking & Market News reports. This is an increase of 201% compared to the average volume of 12,956 call options.
In other Pandora Media news, Director Peter C. Gotcher sold 62,614 shares of Pandora Media stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.18, for a total value of $1,326,164.52. The transaction was disclosed in a legal filing with the SEC, 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 research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Pandora Media has an average rating of “Hold” and an average target price of $19.64.
Shares of Pandora Media (NYSE:P) traded up 12.11% on Thursday, hitting $23.97. 34,137,180 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’s 50-day moving average is $19.44 and its 200-day moving average is $16.23. The company’s market cap is $4.229 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results 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. Analysts expect that Pandora Media will post $0.04 EPS for the current fiscal year.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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