Pandora Media, Inc. Common Stoc (P) Reached a New 52-Week High

The fund owned 13,525 shares of the Internet radio service's stock after selling 239 shares during the period.

A number of other research analysts also recently weighed in on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $15.00 price objective (down previously from $16.00) on shares of Pandora Media in a research report on Tuesday, May 9th.

Additionally on 6/12/17 FBR Capital "Upgrades" Pandora Media Inc (NYSE:P) to Outperform setting price target at $0 and on 5/19/17 Macquarie "Downgrades" the stock to Neutral at $0.

In terms of Buy, Sell or Hold recommendations, Pandora Media Inc (NYSE:P) has analysts' mean recommendation of 2.5. On average, equities analysts anticipate that Pandora Media, Inc. will post ($0.51) earnings per share for the current fiscal year. Finally, Piper Jaffray Companies reissued an "overweight" rating and issued a $18.00 price target on shares of Pandora Media in a research report on Wednesday, March 22nd.

Among 14 analysts covering Fastenal (NASDAQ:FAST), 6 have Buy rating, 0 Sell and 8 Hold. Levin Strategies Limited Partnership holds 0% of its portfolio in Pandora Media Inc (NYSE:P) for 13,600 shares. Iowa-based Cambridge Inv Rech Advsrs has invested 0.02% in Pandora Media Inc (NYSE:P). About 1.15 million shares traded.

Pandora Media, Inc. (Pandora), launched on October 19, 2010, 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, auto speakers or live on stage.

The company is down by -2.31 percent from yesterday's close. The stock last traded at $7.36 marginally under the 50 day moving average which is $9.49 and which is marginally lower than the 200 day moving average of $11.69. Pandora Media also saw unusually large options trading activity on Tuesday. Traders acquired 1,330 put options on the company. This represents an increase of 101% compared to the average daily volume of 662 put options. Ardsley Advisory Partners holds 0.04% or 20,000 shares in its portfolio. Pandora Media had a negative return on equity of 45.15% and a negative net margin of 25.66%.

Antares Pharma Cmn (NASDAQ:ATRS) has average revenue estimates of $12.73 Million, compared to low analyst estimates of $11.7 Million and high estimates of $13.3 Million for the current quarter. During the same period a year ago, the business earned ($0.20) EPS. Pandora Media's revenue was up 6.3% compared to the same quarter past year. Dougherty & Co reiterated a "neutral" rating on shares of Pandora Media in a report on Monday.

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Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter. Herring Michael S also sold $110,072 worth of Pandora Media Inc (NYSE:P) on Tuesday, May 16. Its book value per share for the most recent quarter is $1.95 while its price to book ratio for the same period is 3.89, as for as the company's cash per share for the most recent quarter is $0.84, however its price to cash per share ratio for the same period is 9.04. Following the completion of the sale, the president now directly owns 548,230 shares of the company's stock, valued at $5,142,397.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. $27,540 worth of Pandora Media Inc (NYSE:P) was sold by MARTIN CHRISTOPHER DOUGLAS on Tuesday, May 30. The shares were sold at an average price of $9.91, for a total transaction of $29,730.00. The CTO now owns $2,367,715 of the stock per the Form 4 SEC filing. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,642 shares of company stock valued at $446,234.

Several hedge funds and other institutional investors have recently bought and sold shares of P. Glenhill Advisors LLC bought a new position in Pandora Media during the fourth quarter valued at about $27,915,000. Clearbridge Investments LLC boosted its position in Pandora Media by 37,810.3% in the first quarter. Franklin Resources Inc. increased its stake in shares of Pandora Media by 9.8% in the fourth quarter. Waddell & Reed Financial Inc. now owns 13,919,032 shares of the Internet radio service's stock worth $164,384,000 after buying an additional 1,156,593 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Pandora Media by 154.4% in the first quarter. K's SI was 11.90M shares in June as released by FINRA. First New York Securities Lc Ny reported 1,000 shares or 0% of all its holdings. $96,606 worth of Pandora Media Inc (NYSE:P) shares were sold by Phillips Christopher W.

Pandora Media, Inc. provides Internet music platform services in North America. The Firm delivers targeted messages to its listeners using a combination of audio, display and video advertisements.