Pandora Media Inc (NYSE:P) CMO S Aimee Lapic sold 62,667 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $8.90, for a total transaction of $557,736.30. Following the completion of the transaction, the chief marketing officer now directly owns 436,335 shares of the company’s stock, valued at $3,883,381.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
S Aimee Lapic also recently made the following trade(s):
- On Monday, November 19th, S Aimee Lapic sold 96,814 shares of Pandora Media stock. The stock was sold at an average price of $8.86, for a total transaction of $857,772.04.
Shares of NYSE:P opened at $8.54 on Friday. Pandora Media Inc has a 52 week low of $4.09 and a 52 week high of $10.07. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 4.85. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -6.89 and a beta of -0.42.
A number of equities research analysts recently weighed in on P shares. B. Riley boosted their price target on shares of Pandora Media from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Wedbush set a $10.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Canaccord Genuity set a $10.00 price target on shares of Pandora Media and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised shares of Pandora Media from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Saturday, August 4th. Finally, Raymond James downgraded shares of Pandora Media from a “strong-buy” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Tuesday, September 25th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $8.23.
Large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its stake in Pandora Media by 69.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,328,849 shares of the Internet radio service’s stock valued at $10,472,000 after purchasing an additional 546,076 shares in the last quarter. Castleark Management LLC bought a new stake in Pandora Media in the second quarter valued at approximately $5,103,000. Canada Pension Plan Investment Board acquired a new position in shares of Pandora Media in the second quarter valued at approximately $2,452,000. Point72 Hong Kong Ltd boosted its holdings in shares of Pandora Media by 1,540.6% in the second quarter. Point72 Hong Kong Ltd now owns 200,000 shares of the Internet radio service’s stock valued at $1,576,000 after buying an additional 187,809 shares during the period. Finally, DSAM Partners London Ltd acquired a new position in shares of Pandora Media in the second quarter valued at approximately $3,112,000.
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Pandora Media Company Profile
Pandora Media, Inc provides music discovery platform services in the United States and internationally. The company offers streaming radio and on-demand music services, which enable the listeners to create personalized stations and playlists, as well as search and play songs and albums on-demand. It also provides PandoraAd-Supported Radio Service, an ad-supported service that allows listeners to access a catalog of music, comedy, livestreams, and podcasts through its personalized playlist generating system for free across its various delivery platforms, as well as Premium Access, a service to listeners to access on-demand listening experience; and Pandora Plus, a subscription radio service, which also includes replays, additional skipping of songs, offline listening, higher quality audio on supported devices, and longer timeout-free listening.
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