Pandora Media Inc. (NYSE:P)‘s stock had its “buy” rating reiterated by stock analysts at SunTrust Banks Inc. in a research report issued to clients and investors on Tuesday. They presently have a $18.00 price objective on the Internet radio service’s stock. SunTrust Banks Inc.’s price target would indicate a potential upside of 33.43% from the stock’s current price.

Several other equities analysts have also commented on P. Bank of America Corp. reaffirmed a “neutral” rating and issued a $14.00 price objective (up from $12.00) on shares of Pandora Media in a research report on Tuesday, August 23rd. Albert Fried & Company reissued a “buy” rating on shares of Pandora Media in a research report on Friday, July 8th. RBC Capital Markets reissued a “sector perform” rating and set a $13.00 price target on shares of Pandora Media in a research report on Monday, July 25th. Macquarie reissued an “outperform” rating and set a $15.00 price target on shares of Pandora Media in a research report on Thursday, July 7th. Finally, MKM Partners raised their price target on shares of Pandora Media from $11.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.08.

Analyst Recommendations for Pandora Media (NYSE:P)

Shares of Pandora Media (NYSE:P) traded up 1.19% during mid-day trading on Tuesday, hitting $13.65. 2,490,793 shares of the stock were exchanged. The stock has a 50-day moving average price of $13.74 and a 200 day moving average price of $11.56. The firm’s market cap is $3.15 billion. Pandora Media has a 52-week low of $7.10 and a 52-week high of $22.20.

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Pandora Media (NYSE:P) last issued its earnings results on Thursday, July 21st. The Internet radio service reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.04. Pandora Media had a negative net margin of 23.04% and a negative return on equity of 25.53%. The company had revenue of $343 million for the quarter, compared to analysts’ expectations of $351.48 million. On average, equities research analysts expect that Pandora Media will post ($0.39) earnings per share for the current year.

In other news, insider Christopher Douglas Martin sold 2,000 shares of Pandora Media stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $13.60, for a total value of $27,200.00. Following the completion of the transaction, the insider now owns 344,470 shares in the company, valued at approximately $4,684,792. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher W. Phillips sold 12,274 shares of Pandora Media stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $12.15, for a total value of $149,129.10. Following the completion of the transaction, the insider now owns 288,878 shares of the company’s stock, valued at approximately $3,509,867.70. The disclosure for this sale can be found here. Company insiders own 6.64% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Pandora Media by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,032,903 shares of the Internet radio service’s stock valued at $45,044,000 after buying an additional 110,180 shares during the period. LPL Financial LLC increased its stake in shares of Pandora Media by 8.6% in the first quarter. LPL Financial LLC now owns 146,558 shares of the Internet radio service’s stock valued at $1,316,000 after buying an additional 11,630 shares during the last quarter. BlackRock Inc. increased its stake in shares of Pandora Media by 308.2% in the first quarter. BlackRock Inc. now owns 25,287 shares of the Internet radio service’s stock valued at $227,000 after buying an additional 19,093 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Pandora Media during the first quarter valued at $600,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Pandora Media by 0.3% in the first quarter. TIAA CREF Investment Management LLC now owns 639,383 shares of the Internet radio service’s stock valued at $5,722,000 after buying an additional 1,708 shares during the last quarter.

Pandora Media Company Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

5 Day Chart for NYSE:P

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