Insider Selling: Robert Kavner Unloads 10,000 Shares of Pandora Media Stock (P)
Pandora Media (NYSE:P) Director Robert Kavner sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $30.71, for a total transaction of $307,100.00. Following the completion of the transaction, the director now directly owns 27,757 shares in the company, valued at approximately $852,417. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Pandora Media (NYSE:P) traded up 3.02% during mid-day trading on Tuesday, hitting $32.44. 20,492,920 shares of the company’s stock traded hands. Pandora Media has a 52 week low of $10.00 and a 52 week high of $32.45. The stock has a 50-day moving average of $28.25 and a 200-day moving average of $23.72. The company’s market cap is $6.302 billion. Pandora Media also saw unusually large options trading on Monday. Stock investors bought 25,201 call options on the stock. This represents an increase of approximately 187% compared to the average daily volume of 8,781 call options.
Pandora Media (NYSE:P) last released its earnings data on Thursday, November 21st. The company reported $0.06 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.06. The company had revenue of $181.60 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 50.0% on a year-over-year basis.
A number of research firms have recently commented on P. Analysts at MKM Partners reiterated a “sell” rating on shares of Pandora Media in a research note to investors on Friday, November 22nd. They now have a $10.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Pandora Media from $32.00 to $34.00 in a research note to investors on Friday, November 22nd. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Pandora Media in a research note to investors on Friday, November 22nd. They now have a $33.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.78.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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