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Shares of Pandora Media (NYSE:P) were the target of unusually large options trading on Wednesday. Stock investors purchased 31,756 call options on the stock, AnalystRatings.NET reports. This is an increase of 265% compared to the typical daily volume of 8,701 call options.

In other Pandora Media news, Director Crosslink Capital Inc sold 75,300 shares of Pandora Media stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $27.32, for a total transaction of $2,057,196.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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. Two 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 company presently has a consensus rating of “Buy” and a consensus target price of $34.99.

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 1-year low of $18.17 and a 1-year 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 (NYSE:P) last released its earnings data 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.

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

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