Share on StockTwits

Equities researchers at Susquehanna cut their price objective on shares of Pandora Media (NYSE:P) from $41.00 to $30.00 in a research report issued on Tuesday. The firm currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 21.65% from the stock’s previous close.

In other Pandora Media news, CRO John Trimble unloaded 20,000 shares of Pandora Media stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $23.20, for a total value of $464,000.00. Following the completion of the sale, the executive now directly owns 85,374 shares of the company’s stock, valued at approximately $1,980,677. The transaction was disclosed in a filing with the SEC, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Pandora Media in a research note on Wednesday, May 14th. They now have a $29.00 price target on the stock, down previously from $32.00. Separately, analysts at Raymond James upgraded shares of Pandora Media from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 14th. They now have a $31.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at MKM Partners upgraded shares of Pandora Media from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. They now have a $32.00 price target on the stock, down previously from $39.00. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $32.89.

Pandora Media (NYSE:P) traded up 1.82% during mid-day trading on Tuesday, hitting $25.11. The stock had a trading volume of 6,327,661 shares. Pandora Media has a 52 week low of $13.95 and a 52 week high of $40.44. The stock’s 50-day moving average is $25.96 and its 200-day moving average is $30.46. The company’s market cap is $5.159 billion. Pandora Media also was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 15,507,082 shares, an increase of 17.3% from the April 15th total of 13,220,355 shares. Approximately 8.1% of the shares of the stock are sold short. Based on an average daily volume of 15,541,702 shares, the days-to-cover ratio is currently 1.0 days.

Pandora Media (NYSE:P) last announced its earnings results on Thursday, April 24th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.01. The company had revenue of $194.30 million for the quarter, compared to the consensus estimate of $174.94 million. The company’s quarterly revenue was up 68.8% 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.

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.