Insider Selling: Pandora Media Director Unloads 75,800 Shares of Stock (P)
Pandora Media (NYSE:P) Director Crosslink Capital Inc unloaded 75,800 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $27.34, for a total transaction of $2,072,372.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Pandora Media in a research note on Wednesday, August 13th. 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Pandora Media has a consensus rating of “Buy” and an average target price of $33.99.
Shares of Pandora Media (NYSE:P) traded up 0.33% on Friday, hitting $27.40. 4,941,782 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 has a 50-day moving average of $26.5 and a 200-day moving average of $28.89. The company’s market cap is $5.658 billion.
Pandora Media (NYSE:P) last issued its quarterly 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. Analysts expect that Pandora Media will post $0.18 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.