Pandora Media Inc (NYSE:P) was the target of unusually large options trading activity on Monday. Traders bought 12,905 put options on the stock. This represents an increase of 1,005% compared to the typical volume of 1,168 put options.
A number of analysts have recently commented on P shares. Zacks Investment Research raised shares of Pandora Media from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Vetr cut shares of Pandora Media from a “strong-buy” rating to a “buy” rating and set a $5.06 target price for the company. in a research note on Tuesday, January 30th. BMO Capital Markets upgraded shares of Pandora Media from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $11.00 to $7.00 in a research report on Thursday, November 16th. Wedbush set a $12.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, B. Riley lowered their price target on shares of Pandora Media from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.14.
Shares of Pandora Media (NYSE:P) traded up $0.25 during mid-day trading on Wednesday, hitting $5.25. 13,620,294 shares of the stock traded hands, compared to its average volume of 12,380,000. The company has a debt-to-equity ratio of 1.79, a quick ratio of 4.03 and a current ratio of 4.03. Pandora Media has a 52-week low of $4.09 and a 52-week high of $12.13. The firm has a market cap of $1,340.00, a price-to-earnings ratio of -2.26 and a beta of -0.38.
In other Pandora Media news, CEO Roger Lynch sold 78,707 shares of Pandora Media stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $4.77, for a total value of $375,432.39. Following the completion of the transaction, the chief executive officer now owns 701,607 shares of the company’s stock, valued at $3,346,665.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kristen Robinson sold 11,403 shares of Pandora Media stock in a transaction on Friday, February 16th. The shares were sold at an average price of $5.07, for a total transaction of $57,813.21. Following the completion of the transaction, the insider now directly owns 487,526 shares of the company’s stock, valued at approximately $2,471,756.82. The disclosure for this sale can be found here. Insiders have sold 124,204 shares of company stock valued at $606,102 over the last quarter. Insiders own 2.59% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fox Run Management L.L.C. purchased a new stake in Pandora Media during the 3rd quarter worth approximately $111,000. Bourgeon Capital Management LLC purchased a new stake in Pandora Media during the 3rd quarter worth approximately $115,000. Virtu Financial LLC purchased a new stake in Pandora Media during the 4th quarter worth approximately $106,000. Two Sigma Advisers LP purchased a new stake in Pandora Media during the 4th quarter worth approximately $110,000. Finally, Two Sigma Securities LLC increased its position in shares of Pandora Media by 106.7% in the 4th quarter. Two Sigma Securities LLC now owns 23,323 shares of the Internet radio service’s stock valued at $112,000 after purchasing an additional 12,040 shares during the last quarter.
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.
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