Pandora Media Sees Unusually Large Options Volume (P)
Shares of Pandora Media (NYSE:P) saw some unusual options trading on Monday. Stock traders acquired 38,243 put options on the stock, Analyst Ratings.Net reports. This is an increase of approximately 234% compared to the typical daily volume of 11,435 put options.
In other Pandora Media news, EVP Thomas Conrad sold 55,000 shares of Pandora Media stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $23.91, for a total value of $1,315,050.00. Following the completion of the sale, the executive vice president now directly owns 392,190 shares of the company’s stock, valued at approximately $9,377,263. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on P. 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 equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.68.
Pandora Media (NYSE:P) traded down 10.11% during mid-day trading on Monday, hitting $24.26. 35,632,504 shares of the company’s stock traded hands. Pandora Media has a 1-year low of $7.08 and a 1-year high of $27.50. The stock has a 50-day moving average of $20.81 and a 200-day moving average of $16.85. The company’s market cap is $4.280 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 $0.03 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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