Pandora Media (P) : The consensus on Pandora Media (P) based on 26 analyst recommendation on the company stock is 2.19, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Pandora Media (P) : The highest level Pandora Media (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 $14.74 and the possibility the share price can swing is $2.73.
For the current week, the company shares have a recommendation consensus of Buy. Pandora Media (NYSE:P): The stock opened at $13.50 on Thursday but the bulls could not build on the opening and the stock topped out at $13.50 for the day. The stock traded down to $13.28 during the day, due to lack of any buying support eventually closed down at $13.31 with a loss of -0.45% for the day. The stock had closed at $13.37 on the previous day. The total traded volume was 2,026,082 shares.
In a related news,The officer (Chief Technology Officer) of Pandora Media, Inc., Martin Christopher Douglas sold 2,000 shares at $13.6 on August 1, 2016. The Insider selling transaction had a total value worth of $27,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.