Pandora Media, Inc. (NYSE:P)‘s stock had its “hold” rating reaffirmed by stock analysts at KeyCorp in a report issued on Thursday.

P has been the subject of a number of other research reports. Dougherty & Co reiterated a “neutral” rating on shares of Pandora Media in a research report on Monday, June 12th. Bank of America Corporation reiterated a “buy” rating and set a $12.00 price objective on shares of Pandora Media in a research report on Tuesday, June 13th. Wedbush cut Pandora Media from a “neutral” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research report on Monday, June 12th. Canaccord Genuity dropped their price objective on Pandora Media from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, June 12th. Finally, MKM Partners reiterated a “neutral” rating and set a $10.00 price objective on shares of Pandora Media in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Pandora Media has a consensus rating of “Hold” and a consensus price target of $12.07.

Shares of Pandora Media (NYSE P) traded up 1.32% during midday trading on Thursday, hitting $8.44. 4,984,935 shares of the company were exchanged. The stock’s market capitalization is $2.05 billion. Pandora Media has a 52-week low of $6.76 and a 52-week high of $14.95. The company has a 50-day moving average price of $8.61 and a 200-day moving average price of $9.84.

Pandora Media (NYSE:P) last posted its quarterly earnings data on Monday, July 31st. The Internet radio service reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.08. The firm had revenue of $376.83 million during the quarter, compared to analysts’ expectations of $367.51 million. Pandora Media had a negative return on equity of 58.81% and a negative net margin of 39.90%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) EPS. On average, analysts forecast that Pandora Media will post ($0.51) EPS for the current year.

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In related news, General Counsel Stephen G. Bene sold 6,538 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $55,049.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher W. Phillips sold 10,322 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total value of $86,911.24. Following the transaction, the insider now owns 423,872 shares of the company’s stock, valued at $3,569,002.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,366 shares of company stock worth $564,822. Corporate insiders own 2.59% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. bought a new position in shares of Pandora Media in the first quarter worth $446,000. SG Americas Securities LLC bought a new position in shares of Pandora Media in the second quarter worth $3,141,000. SLS Management LLC grew its stake in shares of Pandora Media by 46.0% in the first quarter. SLS Management LLC now owns 695,636 shares of the Internet radio service’s stock worth $8,215,000 after purchasing an additional 219,250 shares in the last quarter. Brighton Jones LLC bought a new position in shares of Pandora Media in the second quarter worth $267,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Pandora Media in the second quarter worth $10,047,000.

About Pandora Media

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.

Analyst Recommendations for Pandora Media (NYSE:P)

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