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Pandora Media (NYSE:P) CRO John Trimble sold 40,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $27.44, for a total value of $1,097,600.00. Following the transaction, the executive now directly owns 113,067 shares of the company’s stock, valued at approximately $3,102,558. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Pandora Media (NYSE:P) traded down 0.69% during mid-day trading on Wednesday, hitting $27.43. The stock had a trading volume of 5,645,987 shares. Pandora Media has a 52 week low of $18.17 and a 52 week high of $40.44. The stock’s 50-day moving average is $26.59 and its 200-day moving average is $28.35. The company’s market cap is $5.664 billion. Pandora Media also saw unusually large options trading activity on Wednesday. Stock investors acquired 31,756 call options on the stock. This is an increase of 265% compared to the typical volume of 8,701 call options.

Pandora Media (NYSE:P) last posted its quarterly 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, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have issued a buy rating to the company. Pandora Media currently has an average rating of “Buy” and an average price target of $34.99.

Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.

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