Albert Fried & Company lowered shares of Pandora Media (NYSE:P) from a market perform rating to an underweight rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. reiterated an outperform rating on shares of Pandora Media in a research note to investors on Monday. They now have a $37.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Pandora Media from $25.00 to $35.00 in a research note to investors on Friday, November 15th. They now have an overweight rating on the stock. Finally, analysts at Needham & Company reiterated a buy rating on shares of Pandora Media in a research note to investors on Tuesday, November 12th. They now have a $33.00 price target on the stock, up previously from $25.00. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. Pandora Media currently has an average rating of Hold and an average price target of $24.51.
Shares of Pandora Media (NYSE:P) opened at 28.74 on Tuesday. Pandora Media has a 52 week low of $7.40 and a 52 week high of $31.94. The stock’s 50-day moving average is $26.81 and its 200-day moving average is $20.81. The company’s market cap is $5.070 billion. Pandora Media also saw some unusual options trading on Tuesday. Investors acquired 23,866 put options on the stock. This represents an increase of approximately 173% compared to the typical volume of 8,742 put options.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.02. The company had revenue of $157.40 million for the quarter, compared to the consensus estimate of $156.35 million. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts predict that Pandora Media will post $0.03 earnings per share for the current fiscal year.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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