Pandora Media (NYSE:P)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a report released on Monday, StockRatingsNetwork.com reports. They currently have a $23.00 price target on the stock. Barrington Research’s price objective indicates a potential upside of 21.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Pandora Media in a research note to investors on Monday. They now have a $25.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Pandora Media from $19.50 to $22.50 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Pandora Media from $24.00 to $26.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the stock. Pandora Media currently has a consensus rating of “Hold” and a consensus price target of $19.57.
Pandora Media (NYSE:P) traded down 0.95% during mid-day trading on Monday, hitting $18.73. 4,604,567 shares of the company’s stock traded hands. Pandora Media has a 52-week low of $7.08 and a 52-week high of $21.98. The stock’s 50-day moving average is $19.3 and its 200-day moving average is $15.59. The company’s market cap is $3.284 billion. Pandora Media also was the target of some unusual options trading activity on Friday. Stock traders acquired 31,039 call options on the company. This is an increase of approximately 195% compared to the typical volume of 10,514 call options.
Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Pandora Media will post $0.04 EPS for the current fiscal year.
In other Pandora Media news, EVP Thomas Conrad unloaded 55,000 shares of Pandora Media stock on the open market in a transaction dated Friday, August 16th. The stock was sold at an average price of $20.95, for a total value of $1,152,250.00. Following the completion of the transaction, the executive vice president now directly owns 392,190 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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