Pandora Media Director Sells $2,057,196 in Stock (P)
Pandora Media (NYSE:P) Director Crosslink Capital Inc sold 75,300 shares of Pandora Media stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $27.32, for a total value of $2,057,196.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Pandora Media (NYSE:P) traded up 1.35% during mid-day trading on Friday, hitting $27.04. The stock had a trading volume of 3,376,606 shares. Pandora Media has a 52 week low of $18.17 and a 52 week high of $40.44. The stock has a 50-day moving average of $26.53 and a 200-day moving average of $28.62. The company’s market cap is $5.583 billion.
Pandora Media (NYSE:P) last released its earnings data on Thursday, July 24th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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. Pandora Media’s revenue was up 43.0% compared to the same quarter last year. On average, analysts predict that Pandora Media will post $0.18 earnings per share for the current fiscal year.
P has been the subject of a number of recent research reports. 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 given a hold rating and eighteen have given a buy rating to the stock. Pandora Media currently has a consensus rating of “Buy” and a consensus price target of $34.99.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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