Pandora Media, Inc. (P) Insider Christopher Douglas Martin Sells 2,000 Shares

Pandora Media, Inc. (NYSE:P) insider Christopher Douglas Martin sold 2,000 shares of Pandora Media stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $12.86, for a total value of $25,720.00. Following the sale, the insider now directly owns 324,668 shares in the company, valued at $4,175,230.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Christopher Douglas Martin also recently made the following trade(s):

  • On Friday, December 16th, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The shares were sold at an average price of $13.02, for a total value of $26,040.00.
  • On Thursday, December 1st, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The shares were sold at an average price of $11.54, for a total value of $23,080.00.

Shares of Pandora Media, Inc. (NYSE:P) opened at 13.52 on Wednesday. The stock’s market cap is $3.17 billion. Pandora Media, Inc. has a 12-month low of $7.85 and a 12-month high of $14.98. The firm has a 50-day moving average price of $12.93 and a 200 day moving average price of $12.96.

Pandora Media (NYSE:P) last released its quarterly earnings data on Thursday, February 9th. The Internet radio service reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The business earned $392.60 million during the quarter, compared to analysts’ expectations of $374.24 million. Pandora Media had a negative net margin of 24.77% and a negative return on equity of 40.86%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. Equities research analysts expect that Pandora Media, Inc. will post ($0.42) earnings per share for the current year.

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

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A number of large investors have recently made changes to their positions in the stock. Ratan Capital Management LP bought a new stake in shares of Pandora Media during the fourth quarter worth $7,788,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Pandora Media by 118.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,767 shares of the Internet radio service’s stock worth $284,000 after buying an additional 11,820 shares during the period. Soros Fund Management LLC bought a new stake in shares of Pandora Media during the fourth quarter worth $7,842,000. TCS Capital Management LLC bought a new stake in shares of Pandora Media during the fourth quarter worth $5,881,000. Finally, GLG Partners LP bought a new stake in shares of Pandora Media during the fourth quarter worth $290,000.

A number of analysts have recently commented on the company. Canaccord Genuity reissued a “buy” rating and set a $18.00 price target on shares of Pandora Media in a research note on Wednesday, December 7th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $13.00 price objective on shares of Pandora Media in a research note on Wednesday, December 7th. Needham & Company LLC reaffirmed a “sell” rating and issued a $16.00 price objective on shares of Pandora Media in a research note on Thursday, December 8th. FBR & Co reaffirmed a “market perform” rating and issued a $12.00 price objective on shares of Pandora Media in a research note on Friday, December 9th. Finally, Albert Fried & Company reaffirmed an “underweight” rating on shares of Pandora Media in a research note on Saturday, December 10th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.59.

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.

5 Day Chart for NYSE:P

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