Pandora Media Target of Unusually Large Options Trading (P)
Shares of Pandora Media (NYSE:P) was the target of unusually large options trading activity on Thursday. Stock investors acquired 15,785 put options on the company, ARN reports. This represents an increase of 120% compared to the average daily volume of 7,186 put 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 filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on P shares. 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 given a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.64.
Shares of Pandora Media (NYSE:P) traded up 12.11% during mid-day trading on Thursday, hitting $23.97. 34,152,500 shares of the company’s stock traded hands. Pandora Media has a 1-year low of $7.08 and a 1-year high of $21.98. The stock’s 50-day moving average is $19.49 and its 200-day moving average is $16.23. The company’s market cap is $4.229 billion.
Pandora Media (NYSE:P) last issued its quarterly earnings data 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.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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