Pandora Media Coverage Initiated at Oppenheimer (P)
Stock analysts at Oppenheimer began coverage on shares of Pandora Media (NYSE:P) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Nomura initiated coverage on shares of Pandora Media in a research note to investors on Wednesday, January 15th. 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, January 14th. 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, January 14th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.09.
Shares of Pandora Media (NYSE:P) traded up 0.06% on Thursday, hitting $34.64. 4,361,956 shares of the company’s stock traded hands. Pandora Media has a 1-year low of $10.82 and a 1-year high of $36.30. The stock’s 50-day moving average is $30.00 and its 200-day moving average is $24.96. The company’s market cap is $6.729 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results 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.
In other Pandora Media news, EVP Thomas Conrad sold 48,000 shares of Pandora Media stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $34.55, for a total value of $1,658,400.00. Following the completion of the sale, the executive vice president now directly owns 636,560 shares of the company’s stock, valued at approximately $21,993,148. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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