Company Update (NYSE:P):Pandora Hires Alan Schanzer as Senior Vice President of Agency and Advertiser Development

(BUSINESS WIRE)–Jan. 13, 2015– Pandora (NYSE:P), the leading Internet radio service, announced today that Alan Schanzer has joined the company as Senior Vice President, Agency and Advertiser Development. Schanzer will report directly to Chief Revenue Officer John Trimble. Schanzer will lead the company‚Äôs collaborations with advertising agencies and brands, providing strategic counsel to marketers to maximize the power of Pandora and leveraging feedback from agencies and brands to help Pandora bu… Read more

Shares of Pandora Media Inc closed yesterday at $16.96 . P has a 1-year high of $40.44 and a 1-year low of $16.02. The stock’s 50-day moving average is $17.96 and it’s 200-day moving average is $22.92.

On the ratings front, Pandora Media Inc has been the subject of a number of recent research reports. In a report published on December 29, analyst Mark Mahaney from RBC maintained a Buy rating on P. Separately, on December 15, William Blair`s Ralph Schackart maintained a Buy rating on Pandora Media Inc shares .

In total, one research analyst has rated the stock with a Sell rating, 3 research analysts have assigned a Hold rating and 15 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $16.96 which is 76.4% above where the stock closed yesterday.

Pandora Media Inc provides internet radio services on smartphones, tablets, traditional computers and car audio systems, as well as a range of other internet-connected devices.

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