Pandora Media Sees Unusually High Options Volume (P)
Pandora Media (NYSE:P) was the recipient of some unusual options trading on Thursday. Stock traders purchased 28,126 call options on the company, AnalystRatings.Net reports. This represents an increase of approximately 119% compared to the average volume of 12,829 call options.
In other Pandora Media news, EVP Thomas Conrad unloaded 55,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $23.91, for a total transaction of $1,315,050.00. Following the transaction, the executive vice president now directly owns 392,190 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.
A number of analysts have recently weighed in on P shares. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Pandora Media (NYSE:P) from $29.00 to $30.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at CRT Capital initiated coverage on shares of Pandora Media (NYSE:P) in a research note to investors on Thursday. They set a “fair value” rating on the stock. Finally, 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, September 12th.
Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.68.
Shares of Pandora Media (NYSE:P) traded down 1.65% on Friday, hitting $26.90. The stock had a trading volume of 3,672,634 shares. Pandora Media has a 1-year low of $7.08 and a 1-year high of $27.50. The stock’s 50-day moving average is $20.58 and its 200-day moving average is $16.75. The company’s market cap is $4.746 billion.
Pandora Media (NYSE:P) last announced its 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.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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