Maxim Group Reaffirms Buy Rating on Pandora Media (P)
A number of other firms have also recently commented on P. Analysts at Needham & Company reiterated a “buy” rating on shares of Pandora Media in a research note to investors on Thursday. Separately, analysts at SunTrust (NYSE: STI) initiated coverage on shares of Pandora Media in a research note to investors on Thursday, April 12nd. They set a “neutral” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Pandora Media in a research note to investors on Thursday, April 5th. They set an “underweight” rating and a $8.00 price target on the stock.
Shares of Pandora Media traded down 0.78% during mid-day trading on Thursday, hitting $11.51. Pandora Media has a 52 week low of $7.83 and a 52 week high of $26.00. The company’s market cap is $1.904 billion.
Pandora Media last issued its quarterly earnings data on Wednesday, May 23rd. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.17) by $0.08. The company’s quarterly revenue was up 57.5% on a year-over-year basis. On average, analysts predict that Pandora Media will post $0.01 earnings per share next quarter.
Pandora Media, Inc. (Pandora) is an Internet radio in the United States. As of January 31, 2011, it had over 80 million registered users.