Pandora Media Inc (P) Insider Sells $36,210.00 in Stock

Pandora Media Inc (NYSE:P) insider Christopher Douglas Martin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $12.07, for a total value of $36,210.00. Following the completion of the transaction, the insider now owns 300,311 shares in the company, valued at $3,624,753.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, February 28th, Christopher Douglas Martin sold 3,000 shares of Pandora Media stock. The stock was sold at an average price of $13.06, for a total value of $39,180.00.
  • On Monday, February 13th, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $12.86, for a total value of $25,720.00.
  • On Friday, December 16th, Christopher Douglas Martin sold 2,000 shares of Pandora Media stock. The stock was sold at an average price of $13.02, for a total value of $26,040.00.

Pandora Media Inc (NYSE:P) traded up 0.26% on Monday, reaching $11.51. The company had a trading volume of 219,715 shares. The stock’s 50-day moving average is $12.68 and its 200-day moving average is $12.79. Pandora Media Inc has a 52 week low of $8.05 and a 52 week high of $14.98. The company’s market capitalization is $2.71 billion.

Pandora Media (NYSE:P) last released its quarterly earnings results on Thursday, February 9th. The Internet radio service reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.08. The company earned $392.60 million during the quarter, compared to analyst estimates of $374.24 million. Pandora Media had a negative return on equity of 40.86% and a negative net margin of 24.77%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. Equities research analysts forecast that Pandora Media Inc will post ($0.44) EPS for the current fiscal year.

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

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Matrix Capital Management Company LP acquired a new position in shares of Pandora Media during the third quarter valued at about $325,962,000. Omega Advisors Inc. acquired a new position in shares of Pandora Media during the third quarter valued at about $39,019,000. Glenhill Advisors LLC acquired a new position in shares of Pandora Media during the fourth quarter valued at about $27,915,000. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Pandora Media during the third quarter valued at about $18,979,000. Finally, First Trust Advisors LP raised its position in shares of Pandora Media by 29.5% in the third quarter. First Trust Advisors LP now owns 4,500,683 shares of the Internet radio service’s stock valued at $64,495,000 after buying an additional 1,025,730 shares during the period.

A number of brokerages have weighed in on P. Aegis restated a “buy” rating on shares of Pandora Media in a research note on Wednesday, March 15th. B. Riley restated a “buy” rating and issued a $17.00 target price on shares of Pandora Media in a research note on Friday, January 13th. FBR & Co upped their target price on Pandora Media from $12.00 to $14.00 and gave the stock a “market perform” rating in a research note on Friday, January 13th. Pacific Crest restated an “underweight” rating on shares of Pandora Media in a research note on Saturday, March 11th. Finally, Albert Fried & Company restated 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, seventeen have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Pandora Media has a consensus rating of “Buy” and an average target price of $14.63.

About Pandora Media

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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