Pandora Media Inc (NYSE:P) Insider Christopher W. Phillips Sells 9,988 Shares of Stock

Pandora Media Inc (NYSE:P) insider Christopher W. Phillips sold 9,988 shares of Pandora Media stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $51,038.68. Following the completion of the transaction, the insider now directly 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 is available at this link.

Shares of Pandora Media Inc (NYSE:P) traded up $0.07 during mid-day trading on Wednesday, hitting $4.82. The company had a trading volume of 8,371,524 shares, compared to its average volume of 9,838,614. 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 Inc has a one year low of $4.44 and a one year high of $14.10.

Pandora Media (NYSE:P) last issued its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative net margin of 39.49% and a negative return on equity of 74.78%. The business had revenue of $378.60 million during the quarter, compared to analyst estimates of $380.54 million. During the same period last year, the business posted ($0.07) earnings per share. Pandora Media’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts predict that Pandora Media Inc will post -1.09 EPS for the current year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Pandora Media from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. B. Riley cut Pandora Media from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Friday, November 3rd. FBR & Co reiterated a “buy” rating and issued a $11.00 price target on shares of Pandora Media in a research report on Tuesday, August 15th. Stifel Nicolaus cut Pandora Media from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.00 to $8.00 in a report on Friday, November 3rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Pandora Media in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pandora Media currently has a consensus rating of “Hold” and a consensus target price of $10.94.

Hedge funds have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC raised its holdings in Pandora Media by 17.9% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 559,262 shares of the Internet radio service’s stock worth $4,989,000 after acquiring an additional 85,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Pandora Media by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 18,059,537 shares of the Internet radio service’s stock valued at $161,092,000 after acquiring an additional 829,682 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Pandora Media during the 2nd quarter valued at $10,047,000. SG Americas Securities LLC bought a new position in Pandora Media in the 2nd quarter worth $3,141,000. Finally, Principal Financial Group Inc. purchased a new stake in Pandora Media in the 1st quarter worth $446,000.

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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.

Insider Buying and Selling by Quarter for Pandora Media (NYSE:P)

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