Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Has Average Price Target of $32.15

Key Points

• Analyst consensus is “Hold”: Nineteen brokerages have an average 12-month price target of $32.15, with eight buy, eight hold, and three sell ratings.
• Recent performance and fundamentals were mixed: Sirius XM reported $2.16 billion in quarterly revenue, slightly above estimates, but EPS of $0.70 missed expectations. The stock opened at $26.51, while the company maintains a 4.1% dividend yield.
• Investor sentiment received some support: Interest in Sirius XM’s spectrum assets increased following a reported $8 billion SpaceX spectrum deal, and unusually high call-option activity suggested short-term bullish positioning. Institutional investors own 10.69% of the company, while an insider recently sold shares.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have received a consensus rating of "Hold" from the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.15.

SIRI has been the subject of several analyst reports. Bank of America restated an "underperform" rating on shares of Sirius XM in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Sirius XM from $26.00 to $34.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. BNP Paribas Exane downgraded shares of Sirius XM to a "neutral" rating in a report on Wednesday, September 2nd. Weiss Ratings upgraded shares of Sirius XM from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. Finally, Cantor Fitzgerald started coverage on shares of Sirius XM in a research report on Wednesday, September 2nd. They issued an "overweight" rating for the company.

Insider Buying and Selling at Sirius XM

In related news, Director Jonelle Procope sold 16,672 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the transaction, the director directly owned 18,354 shares in the company, valued at approximately $550,069.38. This represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.27% of the company's stock.

Hedge Funds Weigh In On Sirius XM

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in shares of Sirius XM during the 1st quarter valued at about $1,243,000. Aspen Grove Capital LLC bought a new stake in Sirius XM in the 1st quarter worth approximately $2,277,000. Bank of New York Mellon Corp lifted its position in Sirius XM by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,177,761 shares of the company's stock worth $50,263,000 after buying an additional 157,860 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sirius XM by 262.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company's stock worth $145,426,000 after buying an additional 4,560,821 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Sirius XM by 858.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company's stock worth $41,726,000 after buying an additional 1,859,872 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company's stock.

Sirius XM News Roundup

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: A reported $8 billion SpaceX deal for Grain Management’s spectrum portfolio renewed investor interest in the potential value of Sirius XM’s licensed spectrum. While the assets are not directly comparable and the transaction still requires FCC approval, the implied valuation offered a positive read-through for SIRI’s spectrum holdings. Sirius XM Stock Is Up, What You Need To Know
• Positive Sentiment: Investors purchased 37,175 Sirius XM call options, approximately 84% above the average daily volume. The activity suggests increased short-term bullish interest, though options flow does not guarantee sustained buying in the shares.
• Positive Sentiment: A judge cleared Sirius XM in an AI hiring-discrimination lawsuit, removing a potentially costly legal and reputational overhang. The Judge's Rationale: Sirius XM Cleared in AI Hiring-Discrimination Lawsuit
• Neutral Sentiment: Sirius XM is promoting live coverage of the Buccaneers-Cowboys Thursday Night Football game and an exclusive Gracie Abrams performance. These initiatives support engagement and subscriber value but are unlikely to materially change near-term financial results. Buccaneers vs. Cowboys: Listen Live to the Thursday Night Football Game on SiriusXM
• Neutral Sentiment: A market commentary highlighted a 2.69% weekly gain and a 28.38% year-to-date return, while noting a substantially weaker three-year total return. This underscores improving recent momentum but mixed longer-term sentiment. Sirius XM Holdings Rebounds Into Focus
• Negative Sentiment: SiriusXM is facing criticism over the cancellation of a Raw Comedy project. The company reaffirmed support for comics and said the decision predated Sebastian Maniscalco’s arrival, while Maniscalco distanced himself from the cancellation. The issue appears more reputational than financial for now, but could affect talent relationships and programming perception. SiriusXM Reaffirms Commitment to Comics

Sirius XM Stock Up 0.7%

SIRI opened at $26.51 on Friday. The company has a 50 day moving average of $28.09 and a 200 day moving average of $27.69. The company has a market cap of $8.94 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.47 and a beta of 0.98. Sirius XM has a 12 month low of $19.76 and a 12 month high of $32.66. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm earned $0.57 EPS. The company's revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts expect that Sirius XM will post 3.00 EPS for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, August 10th. Sirius XM's dividend payout ratio (DPR) is 43.20%.

About Sirius XM

Sirius XM Holdings Inc NASDAQ: SIRI is an audio entertainment company that provides subscription-based satellite radio and streaming services in the United States and Canada. Its SiriusXM service offers commercial-free music, live sports, news, talk programming, comedy, entertainment, and exclusive original content through connected vehicles, the SiriusXM app, and other connected devices.

The company distributes SiriusXM primarily through automakers and vehicle dealers, as well as directly to consumers.

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