Pandora Media Given Average Rating of “Buy” by Brokerages (NYSE:P)
Pandora Media (NYSE:P) has received a consensus rating of “Buy” from the thirty ratings firms that are covering the company, Stock Ratings Network reports. 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 on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $34.99.
A number of analysts have recently weighed in on P shares. 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.
In other Pandora Media news, Director Crosslink Capital Inc unloaded 142,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $27.27, for a total value of $3,872,340.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Pandora Media (NYSE:P) opened at 27.38 on Tuesday. Pandora Media has a one year low of $18.02 and a one year high of $40.44. The stock’s 50-day moving average is $26.49 and its 200-day moving average is $28.7. The company’s market cap is $5.654 billion.
Pandora Media (NYSE:P) last announced its 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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