Pandora Media Stock Rating Reaffirmed by Albert Fried & Company (P)
Pandora Media (NYSE:P)‘s stock had its “market perform” rating reaffirmed by research analysts at Albert Fried & Company in a report released on Thursday, StockRatingsNetwork.com reports.
P has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Wedbush raised their price target on shares of Pandora Media (NYSE:P) from $19.50 to $22.50 in a research note to investors on Friday, August 23rd. They now have a “neutral” rating on the stock.
Three equities 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. Pandora Media has an average rating of “Hold” and a consensus target price of $19.64.
Shares of Pandora Media (NYSE:P) traded up 9.31% during mid-day trading on Thursday, hitting $23.37. 10,544,848 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 $4.123 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue 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.
In other Pandora Media news, Director Robert Kavner sold 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 SEC, which is available at this link.
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.