Share on StockTwits
 

Research analysts at FBN Securities upped their price objective on shares of Pandora Media (NYSE:P) from $40.00 to $45.00 in a report released on Friday, AR Network reports. FBN Securities’ target price indicates a potential upside of 31.04% from the stock’s previous close.

Pandora Media (NYSE:P) traded up 6.55% during mid-day trading on Friday, hitting $34.34. The stock had a trading volume of 11,224,562 shares. Pandora Media has a one year low of $11.48 and a one year high of $37.95. The stock has a 50-day moving average of $32.40 and a 200-day moving average of $26.28. The company’s market cap is $6.671 billion. Pandora Media also was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 29,943 call options on the company. This represents an increase of 217% compared to the typical volume of 9,457 call options.

Pandora Media (NYSE:P) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.16. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $201.00 million. During the same quarter last year, the company posted ($0.04) earnings per share. Pandora Media’s revenue was up 52.4% compared to the same quarter last year. Analysts expect that Pandora Media will post $0.18 EPS for the current fiscal year.

P has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Pandora Media from $35.00 to $38.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Pandora Media from $32.00 to $45.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Barrington Research raised their price target on shares of Pandora Media to $40.00 in a research note to investors on Tuesday. Three 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 stock. Pandora Media has an average rating of “Hold” and a consensus price target of $29.93.

In other Pandora Media news, Director Robert Kavner sold 10,000 shares of Pandora Media stock on the open market in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $35.51, for a total value of $355,100.00. Following the completion of the transaction, the director now directly owns 27,757 shares in the company, valued at approximately $985,651. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.