Pandora Media Inc. Reaches New 12-Month High at $24.43 (P)
Pandora Media (NYSE:P)’s share price reached a new 52-week high on Thursday, Stock Ratings Network reports. The company traded as high as $24.43 and last traded at $23.93, with a volume of 27,098,860 shares traded. The stock had previously closed at $21.38.
P has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.64.
In other Pandora Media news, Director Robert Kavner unloaded 9,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $18.46, for a total value of $166,140.00. Following the sale, the director now directly owns 27,757 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 $4.163 billion.
Pandora Media (NYSE:P) last announced its earnings results on Thursday, August 22nd. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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. Pandora Media’s revenue was up 55.4% compared to the same quarter last year. 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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