Pandora Media Director Crosslink Capital Inc Sells 142,000 Shares (P)
Pandora Media (NYSE:P) Director Crosslink Capital Inc unloaded 142,000 shares of Pandora Media stock on the open market in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $27.27, for a total transaction of $3,872,340.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at MKM Partners reiterated a “buy” rating on shares of Pandora Media in a research note on Monday. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $34.99.
Shares of Pandora Media (NYSE:P) traded down 0.07% on Monday, hitting $27.38. 3,577,657 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 $26.47 and its 200-day moving average is $28.84. The company’s market cap is $5.654 billion.
Pandora Media (NYSE:P) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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