Pandora Media’s “Buy” Rating Reaffirmed at MKM Partners (P)
Other equities research analysts have also recently issued reports about 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $34.99.
In other Pandora Media news, Director Crosslink Capital Inc sold 75,800 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $27.34, for a total transaction of $2,072,372.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Pandora Media (NYSE:P) traded up 0.49% on Monday, hitting $27.535. The stock had a trading volume of 884,547 shares. 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 $26.47 and a 200-day moving average of $28.84. The company’s market cap is $5.686 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.
Receive News & Ratings for Pandora Media Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pandora Media Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.