Pandora Media Director Crosslink Capital Inc Unloads 249,200 Shares (P)
Pandora Media (NYSE:P) Director Crosslink Capital Inc sold 249,200 shares of Pandora Media stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $27.24, for a total value of $6,788,208.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Pandora Media (NYSE:P) traded down 1.21% during mid-day trading on Wednesday, hitting $26.99. 3,059,725 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 $26.48 and a 200-day moving average of $28.65. The company’s market cap is $5.573 billion.
Pandora Media (NYSE:P) last announced its earnings results 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.
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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $34.99.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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