Sirius XM (NASDAQ:SIRI) Research Coverage Started at StockNews.com

Research analysts at StockNews.com began coverage on shares of Sirius XM (NASDAQ:SIRI – Get Free Report) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

A number of other research firms have also issued reports on SIRI. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and decreased their target price for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Barrington Research reiterated an “outperform” rating and issued a $5.75 target price on shares of Sirius XM in a report on Tuesday, April 30th. Seaport Res Ptn upgraded Sirius XM from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.05 to $4.90 in a report on Wednesday, April 24th. Finally, Citigroup upgraded Sirius XM from a “sell” rating to a “neutral” rating and decreased their target price for the company from $4.10 to $3.30 in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.42.

Get Our Latest Stock Analysis on Sirius XM

Sirius XM Price Performance

NASDAQ SIRI opened at $3.17 on Wednesday. Sirius XM has a 1-year low of $2.92 and a 1-year high of $7.95. The company has a market cap of $12.19 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. The stock’s 50 day simple moving average is $3.52 and its 200-day simple moving average is $4.49.

Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. On average, equities research analysts anticipate that Sirius XM will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds have recently bought and sold shares of SIRI. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Sirius XM by 10.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 216,939 shares of the company’s stock worth $981,000 after buying an additional 20,001 shares during the period. Advisor Partners II LLC increased its position in shares of Sirius XM by 28.0% during the third quarter. Advisor Partners II LLC now owns 29,721 shares of the company’s stock valued at $134,000 after purchasing an additional 6,499 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Sirius XM by 3.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,096,135 shares of the company’s stock worth $9,475,000 after acquiring an additional 74,308 shares during the period. CIBC Asset Management Inc boosted its position in shares of Sirius XM by 8.8% during the 3rd quarter. CIBC Asset Management Inc now owns 547,926 shares of the company’s stock valued at $2,477,000 after acquiring an additional 44,286 shares in the last quarter. Finally, Nwam LLC acquired a new position in shares of Sirius XM in the 3rd quarter worth approximately $50,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

About Sirius XM

(Get Free Report)

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.

Further Reading

• Five stocks we like better than Sirius XM
• 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
• Jack in the Box Bottoms and the Rebound is on
• Roth IRA Calculator: Calculate Your Potential Returns
• On Shares Move Higher in Race to a New All-Time High
• Consumer Staples Stocks, Explained
• What Wall Street Doesn’t Want You to Know About Alibaba Stock

Receive News & Ratings for Sirius XM Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sirius XM and related companies with MarketBeat.com’s FREE daily email newsletter.

You might be interested in: