Pandora Media Given Consensus Recommendation of “Buy” by Analysts (NYSE:P)
Pandora Media (NYSE:P) has received an average recommendation of “Buy” from the thirty ratings firms that are covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.99.
Shares of Pandora Media (NYSE:P) opened at 27.04 on Tuesday. 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 $26.56 and a 200-day moving average of $28.57. The company’s market cap is $5.583 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. On average, analysts predict that Pandora Media will post $0.18 earnings per share for the current fiscal year.
In other Pandora Media news, Director Crosslink Capital Inc unloaded 75,300 shares of Pandora Media stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $27.32, for a total value of $2,057,196.00. The transaction was disclosed in a 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, August 25th. 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.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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