Pandora Media (NYSE:P)‘s stock had its “hold” rating reissued by research analysts at Raymond James Financial in a research note issued to investors on Thursday.

Several other equities research analysts have also recently commented on the stock. Piper Jaffray Companies set a $9.00 price objective on shares of Pandora Media and gave the company a “buy” rating in a research report on Tuesday. Evercore ISI assumed coverage on shares of Pandora Media in a research report on Tuesday, December 5th. They set an “in-line” rating and a $5.50 price target on the stock. TD Securities reissued a “hold” rating on shares of Pandora Media in a research report on Thursday, November 23rd. BMO Capital Markets raised shares of Pandora Media from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $11.00 to $7.00 in a research report on Thursday, November 16th. Finally, Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Three research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.94.

Pandora Media (P) traded down $0.03 on Thursday, reaching $4.98. 17,379,560 shares of the company traded hands, compared to its average volume of 9,854,258. Pandora Media has a 1-year low of $4.44 and a 1-year high of $13.72. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58.

Pandora Media (NYSE:P) last posted its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) 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 net margin of 39.49% and a negative return on equity of 74.78%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. equities analysts forecast that Pandora Media will post -1.09 EPS for the current year.

In related news, insider Christopher W. Phillips sold 9,988 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $51,038.68. Following the transaction, the insider now owns 413,884 shares in the company, valued at approximately $2,114,947.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Stephen G. Bene sold 7,967 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total transaction of $40,711.37. Following the completion of the transaction, the general counsel now owns 330,865 shares in the company, valued at approximately $1,690,720.15. The disclosure for this sale can be found here. Insiders have sold a total of 37,682 shares of company stock worth $192,555 over the last 90 days. 2.59% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Falcon Point Capital LLC acquired a new position in shares of Pandora Media during the 2nd quarter worth approximately $102,000. Prudential Financial Inc. acquired a new position in shares of Pandora Media during the 2nd quarter worth approximately $109,000. Fox Run Management L.L.C. acquired a new position in shares of Pandora Media during the 3rd quarter worth approximately $111,000. Symmetry Peak Management LLC acquired a new position in shares of Pandora Media during the 2nd quarter worth approximately $112,000. Finally, Aperio Group LLC acquired a new position in shares of Pandora Media during the 2nd quarter worth approximately $115,000.

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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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