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Analysts at FBN Securities initiated coverage on shares of Pandora Media (NYSE:P) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Shares of Pandora Media (NYSE:P) traded up 4.92% during mid-day trading on Tuesday, hitting $34.13. The stock had a trading volume of 8,840,409 shares. Pandora Media has a 52-week low of $10.10 and a 52-week high of $34.46. The stock has a 50-day moving average of $28.99 and a 200-day moving average of $24.43. The company’s market cap is $6.630 billion.

Pandora Media (NYSE:P) last issued its quarterly 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.

In other Pandora Media news, Director Robert Kavner unloaded 10,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $30.71, for a total transaction of $307,100.00. Following the transaction, the director now directly owns 27,757 shares of the company’s stock, valued at approximately $852,417. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at CRT Capital reiterated a “fair value” rating on shares of Pandora Media in a research note to investors on Friday. They now have a $35.00 price target on the stock. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company. Pandora Media has an average rating of “Hold” and a consensus target price of $26.15.

Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.

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