Pandora Media Insider Timothy Westergren Sells 75,000 Shares (P)
Pandora Media (NYSE:P) Insider Timothy Westergren sold 75,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $25.49, for a total transaction of $1,911,750.00. Following the completion of the transaction, the insider now directly owns 286,314 shares in the company, valued at approximately $7,298,144. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on P. Analysts at Singular Research reiterated a “sell” rating on shares of Pandora Media in a research note on Monday, July 28th. They now have a $17.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pandora Media in a research note on Friday, July 25th. They now have a $42.00 price target on the stock, up previously from $41.00. Finally, analysts at Goldman Sachs raised their price target on shares of Pandora Media to $36.00 in a research note on Friday, July 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. Pandora Media currently has a consensus rating of “Buy” and an average price target of $33.52.
Shares of Pandora Media (NYSE:P) traded up 4.23% on Monday, hitting $26.38. 11,626,342 shares of the company’s stock traded hands. Pandora Media has a 52 week low of $18.02 and a 52 week high of $40.44. The stock’s 50-day moving average is $26.86 and its 200-day moving average is $29.20. The company’s market cap is $5.447 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $218.90 million for the quarter, compared to the consensus estimate of $218.54 million. Pandora Media’s revenue was up 43.0% compared to the same quarter last year. On average, analysts predict that Pandora Media will post $0.18 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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