Pandora Media, Inc. (NYSE:P) stock is presently standing at about $12.38 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 25 analysts covering the company is $15.00, which suggests the stock could still rise over 17 percent. The highest analyst price target is $19.00, which implies a rally of 47 percent. And a quick view of analyst notes show that 10 are rating the stock a buy while 6 rate P a strong buy. There are 14 equity research firms advocating a Hold and 0 consider it Sell.
Barrington Research analysts provided their view on Pandora Media, Inc. (NYSE:P) recently. The rating firm issued a Mkt Perform rating to this company in a research note released on Jan 03, 2017. Aegis Capital analysts disclosed their opinion on Pandora Media, Inc. (NYSE:P) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 06, 2016. According to a research note disclosed on Dec 06, 2016, analysts at Oppenheimer have upped their rating on these shares from Perform to Outperform.
Pandora Media, Inc. (NYSE:P) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Chief Human Resources Officer Robinson Kristen sold 9,629 company shares for 125750, in a transaction on 2017-02-28. Following the transaction, the Chief Human Resources Officer is left with a stake of 206,274 shares, currently valued at $2553672. Meanwhile, Chief Technology Officer MARTIN CHRISTOPHER DOUGLAS sold 3,000 shares worth $39180, through a transaction dated 2017-02-28. Following the completion of the transaction, the insider is left with a stake of 303,311 shares, amounting $3754990.18. P Chief Product Officer Phillips Christopher W also sold 28,221 shares, at a stock price of $12.96. This transaction occurred on 2017-02-17 totals $365740. After this transaction, the insider’s stake stands at 253,686 shares, with a market value of $3140633.
Executives hold 2.81 percent of the stock. Mr. Timothy Westergren is one of the biggest insider owners in Pandora Media, Inc. (NYSE:P), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,286,704 shares which have current market value of around $15929395.52.Brian P. Mcandrews is another major inside shareholder in the company. The insider owns 665,506 shares as of 0.28%, currently worth $8238964.28. W. Barry Mccarthy,Jr is ranked as third insider holder of the stock. This insider holds 518,450 shares with a market value around $6418411 as of recent close.
Pandora Media, Inc. (NYSE:P) Earnings Outlook
In Pandora Media, Inc. (NYSE:P)’s latest quarter, EPS moved to $-0.13 from $-0.07 in preceding quarter and revenues reached at $392.60M compared to $351.90M. Analysts had expected Pandora Media, Inc. (NYSE:P) to post net income of about $-0.21 per share on $374.24M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.57 to $-0.23. That is compared with the $-0.20 in EPS it reported during the same period a year ago.