Pandora Media Inc (NYSE:P) saw unusually large options trading activity on Friday. Stock traders bought 91,591 call options on the company. This represents an increase of 260% compared to the typical daily volume of 25,417 call options.

A number of analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of Pandora Media to $13.00 in a report on Tuesday, February 21st. B. Riley reiterated a “buy” rating and issued a $17.00 target price on shares of Pandora Media in a report on Wednesday, February 15th. Wedbush reiterated an “outperform” rating and issued a $15.00 target price on shares of Pandora Media in a report on Thursday, February 16th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $13.00 target price on shares of Pandora Media in a report on Thursday, February 16th. Finally, Needham & Company LLC reiterated a “positive” rating and issued a $16.00 target price on shares of Pandora Media in a report on Monday, January 30th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.32.

In related news, insider Christopher Douglas Martin sold 11,648 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $9.46, for a total value of $110,190.08. Following the sale, the insider now directly owns 269,569 shares in the company, valued at approximately $2,550,122.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Stephen G. Bene sold 6,161 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $9.38, for a total transaction of $57,790.18. Following the completion of the sale, the general counsel now owns 272,060 shares in the company, valued at $2,551,922.80. The disclosure for this sale can be found here. Insiders have sold a total of 71,384 shares of company stock worth $746,943 over the last 90 days. 6.64% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Bessemer Group Inc. increased its stake in shares of Pandora Media by 1.0% in the fourth quarter. Bessemer Group Inc. now owns 11,228 shares of the Internet radio service’s stock valued at $146,000 after buying an additional 110 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Pandora Media by 1.0% in the first quarter. Asset Management One Co. Ltd. now owns 31,074 shares of the Internet radio service’s stock valued at $365,000 after buying an additional 316 shares in the last quarter. Concourse Capital Management LLC increased its stake in shares of Pandora Media by 0.4% in the first quarter. Concourse Capital Management LLC now owns 95,378 shares of the Internet radio service’s stock valued at $1,126,000 after buying an additional 378 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Pandora Media by 0.5% in the third quarter. Profund Advisors LLC now owns 77,426 shares of the Internet radio service’s stock valued at $1,110,000 after buying an additional 413 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Pandora Media by 3.8% in the first quarter. Teacher Retirement System of Texas now owns 17,702 shares of the Internet radio service’s stock valued at $209,000 after buying an additional 640 shares in the last quarter.

Pandora Media (NYSE:P) opened at 9.14 on Wednesday. The firm’s market capitalization is $2.20 billion. The company’s 50-day moving average is $10.50 and its 200 day moving average is $11.93. Pandora Media has a 1-year low of $8.92 and a 1-year high of $14.98.

Pandora Media (NYSE:P) last announced its quarterly earnings results on Monday, May 8th. The Internet radio service reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.13. Pandora Media had a negative return on equity of 40.86% and a negative net margin of 24.77%. The business had revenue of $316 million during the quarter, compared to the consensus estimate of $318.15 million. During the same quarter last year, the firm posted ($0.20) EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Pandora Media will post ($0.53) EPS for the current fiscal year.

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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.

12 Month Chart for NYSE:P

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