Pandora Media Rating Reiterated by CRT Capital (P)
Pandora Media (NYSE:P)‘s stock had its “fair value” rating reaffirmed by stock analysts at CRT Capital in a report issued on Friday, American Banking News reports. They currently have a $35.00 price target on the stock. CRT Capital’s price target would indicate a potential upside of 6.77% from the stock’s previous close.
In other Pandora Media news, Director Robert Kavner sold 10,000 shares of the stock on the open market in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $30.71, for a total transaction of $307,100.00. Following the completion of the sale, the director now directly owns 27,757 shares of the company’s stock, valued at approximately $852,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Pandora Media (NYSE:P) traded down 0.82% on Friday, hitting $32.511. 2,410,825 shares of the company’s stock traded hands. Pandora Media has a 52-week low of $10.10 and a 52-week high of $34.46. The stock’s 50-day moving average is $28.59 and its 200-day moving average is $23.9. The company’s market cap is $6.315 billion.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.06 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.05 earnings per share. Pandora Media’s revenue was up 50.0% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. 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 assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.11.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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