Insider Selling: Thomas Conrad Sells 48,000 Shares of Pandora Media Stock (P)
Pandora Media (NYSE:P) EVP Thomas Conrad unloaded 48,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $34.55, for a total transaction of $1,658,400.00. Following the sale, the executive vice president now directly owns 636,560 shares in the company, valued at approximately $21,993,148. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Pandora Media (NYSE:P) last released its earnings data on Thursday, November 21st. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 50.0% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Nomura initiated coverage on shares of Pandora Media in a research note to investors on Wednesday. They set a “neutral” rating and a $35.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Pandora Media in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at FBN Securities initiated coverage on shares of Pandora Media in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have issued a buy rating to the company. Pandora Media presently has an average rating of “Hold” and an average price target of $27.09.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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