Pandora Media Given Consensus Rating of “Buy” by Analysts (NYSE:P)
Shares of Pandora Media (NYSE:P) have received an average recommendation of “Buy” from the thirty-two analysts that are presently covering the stock, Analyst Ratings News reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.42.
P has been the subject of a number of recent research reports. Analysts at SunTrust reiterated a “buy” rating on shares of Pandora Media in a research note on Wednesday. Separately, analysts at Susquehanna cut their price target on shares of Pandora Media from $41.00 to $30.00 in a research note on Tuesday, May 20th. They now have a “positive” rating on the stock. Finally, 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.
In other Pandora Media news, Director James Feuille sold 88,302 shares of the stock on the open market in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $25.12, for a total value of $2,218,146.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Pandora Media (NYSE:P) traded up 1.67% on Friday, hitting $25.63. The stock had a trading volume of 1,022,014 shares. Pandora Media has a one year low of $13.95 and a one year high of $40.44. The stock’s 50-day moving average is $24.73 and its 200-day moving average is $30.20. The company’s market cap is $5.266 billion.
Pandora Media (NYSE:P) last released its earnings data 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. On average, analysts predict that Pandora Media will post $0.17 earnings per share for the current fiscal year.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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