Research analysts at Evercore ISI initiated coverage on shares of Pandora Media (NYSE:P) in a research note issued on Tuesday, The Fly reports. The firm set a $5.50 price target on the Internet radio service’s stock. Evercore ISI’s price target would indicate a potential upside of 15.30% from the company’s current price.

A number of other equities research analysts have also weighed in on P. Wells Fargo & Company reiterated a “hold” rating on shares of Pandora Media in a research note on Tuesday, August 15th. Stifel Nicolaus set a $12.00 price objective on Pandora Media and gave the stock a “buy” rating in a research note on Tuesday, August 15th. FBR & Co restated a “buy” rating and issued a $11.00 price objective on shares of Pandora Media in a research note on Tuesday, August 15th. BidaskClub upgraded Pandora Media from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $12.00 price objective on shares of Pandora Media in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.94.

Pandora Media (NYSE P) remained flat at $$4.77 during mid-day trading on Tuesday. 12,477,600 shares of the company were exchanged, compared to its average volume of 9,831,920. Pandora Media has a fifty-two week low of $4.44 and a fifty-two week high of $14.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 4.18 and a quick ratio of 4.18.

Pandora Media (NYSE:P) last released its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $380.54 million. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. equities analysts anticipate that Pandora Media will post -1.09 earnings per share for the current fiscal year.

In other news, General Counsel Stephen G. Bene sold 7,967 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $40,711.37. Following the transaction, the general counsel now directly owns 330,865 shares of the company’s stock, valued at $1,690,720.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher W. Phillips sold 9,988 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $5.11, for a total transaction of $51,038.68. Following the transaction, the insider now directly owns 413,884 shares in the company, valued at $2,114,947.24. The disclosure for this sale can be found here. In the last three months, insiders sold 37,682 shares of company stock valued at $192,555. 2.59% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Falcon Point Capital LLC acquired a new stake in Pandora Media in the second quarter valued at approximately $102,000. Prudential Financial Inc. acquired a new stake in Pandora Media in the second quarter valued at approximately $109,000. Fox Run Management L.L.C. acquired a new stake in Pandora Media in the third quarter valued at approximately $111,000. Symmetry Peak Management LLC acquired a new stake in Pandora Media in the second quarter valued at approximately $112,000. Finally, Aperio Group LLC acquired a new stake in Pandora Media in the second quarter valued at approximately $115,000.

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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.

The Fly

Analyst Recommendations for Pandora Media (NYSE:P)

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