Insider Selling: Crosslink Capital Inc Unloads 1,000,000 Shares of Pandora Media Stock (P)
Pandora Media (NYSE:P) Director Crosslink Capital Inc sold 1,000,000 shares of Pandora Media stock on the open market in a transaction dated Thursday, February 20th. The stock was sold at an average price of $36.47, for a total value of $36,470,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on P. Analysts at Jefferson Research upgraded shares of Pandora Media from a “sell” rating to a “hold” rating in a research note on Friday. Separately, analysts at Singular Research raised their price target on shares of Pandora Media from $13.00 to $17.00 in a research note on Monday, February 10th. They now have a “sell” rating on the stock. Finally, analysts at FBN Securities raised their price target on shares of Pandora Media from $40.00 to $45.00 in a research note on Friday, February 7th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Pandora Media has a consensus rating of “Hold” and a consensus target price of $29.50.
Pandora Media (NYSE:P) traded down 0.85% on Friday, hitting $37.18. 6,016,174 shares of the company’s stock traded hands. Pandora Media has a 52 week low of $11.54 and a 52 week high of $38.42. The stock’s 50-day moving average is $34.54 and its 200-day moving average is $27.50. The company’s market cap is $7.340 billion.
Pandora Media (NYSE:P) last released its earnings data on Wednesday, February 5th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 52.4% on a year-over-year basis. Analysts expect that Pandora Media will post $0.17 EPS for the current fiscal year.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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