Insider Selling: Peter C. Gotcher Sells 47,757 Shares of Pandora Media Stock (P)
Pandora Media (NYSE:P) Director Peter C. Gotcher sold 47,757 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $25.41, for a total value of $1,213,505.37. Following the transaction, the director now directly owns 6,996 shares in the company, valued at approximately $177,768. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Pandora Media (NYSE:P) traded down 2.58% during mid-day trading on Tuesday, hitting $25.70. 5,542,961 shares of the company’s stock traded hands. Pandora Media has a one year low of $18.02 and a one year high of $40.44. The stock has a 50-day moving average of $26.86 and a 200-day moving average of $29.20. The company’s market cap is $5.307 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 43.0% on a year-over-year basis. On average, analysts predict that Pandora Media will post $0.18 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on P shares. 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 equities 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $33.52.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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