Pandora Media Director Sells $14,495 in Stock (P)
Pandora Media (NYSE:P) Director Crosslink Capital Inc unloaded 512 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $28.31, for a total transaction of $14,494.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Pandora Media (NYSE:P) traded up 0.36% on Friday, hitting $28.17. 5,739,593 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 $26.7 and its 200-day moving average is $29.10. The company’s market cap is $5.817 billion. Pandora Media also saw some unusual options trading activity on Wednesday. Traders purchased 29,984 call options on the stock. This is an increase of approximately 181% compared to the typical daily volume of 10,659 call options.
Pandora Media (NYSE:P) last released its earnings data 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.
P has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Pandora Media in a research note on Wednesday. They set a “buy” rating and a $34.00 price target on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $33.99.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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