Pandora Media (NYSE:P) : The highest level Pandora Media (NYSE:P) is projected to reach is $19 for the short term and the lowest estimate is at $10. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $14.42 and the possibility the share price can swing is $2.8.
Shares of Pandora Media, Inc. rose by 2.05% in the last five trading days and 3.41% for the last 4 weeks. Pandora Media, Inc. is up 38.64% in the last 3-month period. Year-to-Date the stock performance stands at -7.16%. Also, Brokerage firm Scotiabank upgrades its rating on Pandora Media (NYSE:P). The shares have been rated Sector Perform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 14, 2016.
Pandora Media (NYSE:P) : Zacks Investment Research ranks Pandora Media (NYSE:P) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 15 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 26 research analysts is 2.19, which indicates as a Buy.
Pandora Media (NYSE:P): The stock opened at $12.50 on Thursday but the bulls could not build on the opening and the stock topped out at $12.68 for the day. The stock traded down to $12.19 during the day, due to lack of any buying support eventually closed down at $12.45 with a loss of -0.56% for the day. The stock had closed at $12.52 on the previous day. The total traded volume was 8,609,439 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Technology Officer) of Pandora Media, Inc., Martin Christopher Douglas had sold 2,000 shares worth of $22,380 in a transaction dated June 16, 2016. In this transaction, 2,000 shares were sold at $11.19 per share.
Pandora Media, Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs, and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips, audio on supported devices and timeout-free listening. The Companys technologies include Music Genome Project and Comedy Genome Project.