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

Posted by Defense World Staff on Jul 2nd, 2024

Stock analysts at StockNews.com began coverage on shares of Sirius XM (NASDAQ:SIRI – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

A number of other analysts have also commented on the company. Wells Fargo & Company cut their price target on Sirius XM from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Wednesday, May 1st. Barrington Research reiterated an “outperform” rating and set a $4.75 target price on shares of Sirius XM in a research report on Tuesday, May 28th. Seaport Res Ptn upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Benchmark cut their price target on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Citigroup upgraded Sirius XM from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $4.10 to $3.30 in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.11.

Read Our Latest Analysis on Sirius XM

Sirius XM Trading Up 1.8 %

Shares of Sirius XM stock opened at $2.88 on Tuesday. The firm’s 50 day moving average is $2.87 and its 200 day moving average is $4.00. The firm has a market capitalization of $11.08 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.08. Sirius XM has a 1 year low of $2.45 and a 1 year high of $7.95.

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

Insider Buying and Selling

In other Sirius XM news, Director Kristina Salen sold 12,518 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total value of $32,546.80. Following the transaction, the director now directly owns 169,309 shares of the company’s stock, valued at $440,203.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently made changes to their positions in SIRI. BKM Wealth Management LLC acquired a new position in Sirius XM during the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new position in shares of Sirius XM in the 1st quarter worth $31,000. First United Bank & Trust acquired a new stake in Sirius XM in the 4th quarter valued at $37,000. TFO Wealth Partners LLC increased its stake in Sirius XM by 140,560.0% during the 4th quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock valued at $38,000 after purchasing an additional 7,028 shares in the last quarter. Finally, Graypoint LLC acquired a new position in Sirius XM during the first quarter worth $39,000. Institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

(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.

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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