Pandora Media, Inc. (NYSE:P) issued its earnings results on Thursday. The Internet radio service reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02, Bloomberg Earnings reports. Pandora Media had a negative return on equity of 63.80% and a negative net margin of 39.49%. The business had revenue of $378.60 million for the quarter, compared to the consensus estimate of $380.54 million. During the same period last year, the business posted ($0.07) EPS. The company’s revenue was up 7.6% compared to the same quarter last year.

Shares of Pandora Media (NYSE P) traded down $1.81 during trading hours on Friday, reaching $5.59. 73,680,805 shares of the company were exchanged, compared to its average volume of 6,110,000. Pandora Media has a 52 week low of $5.35 and a 52 week high of $14.10. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 1.65.

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A number of equities analysts have recently issued reports on P shares. BMO Capital Markets restated a “hold” rating and issued a $12.00 price target on shares of Pandora Media in a research note on Sunday, July 16th. Wedbush restated a “buy” rating on shares of Pandora Media in a research note on Wednesday, July 26th. Royal Bank Of Canada dropped their price target on Pandora Media from $15.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 1st. Piper Jaffray Companies dropped their price target on Pandora Media to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $12.00 price target (down from $14.00) on shares of Pandora Media in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Pandora Media has a consensus rating of “Hold” and a consensus target price of $11.24.

In related news, CRO John Trimble sold 10,547 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $8.42, for a total value of $88,805.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Gerbitz sold 9,959 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $8.42, for a total transaction of $83,854.78. Following the completion of the transaction, the executive vice president now directly owns 355,607 shares of the company’s stock, valued at approximately $2,994,210.94. The disclosure for this sale can be found here. Insiders sold 67,366 shares of company stock valued at $564,822 in the last three months. 2.59% of the stock is currently owned by insiders.

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.

Earnings History for Pandora Media (NYSE:P)

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