Sirius XM Holdings Inc. (SIRI) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Sirius XM has a consensus “Hold” rating from 19 firms (nine Buy, seven Hold, three Sell), with an average 12-month price target of $32.92. Goldman Sachs upgraded to Buy and raised its target to $37, while JPMorgan cut its target to $32 and kept a Neutral rating.
• Quarterly results were mixed: Q3 EPS of $0.78 slightly beat estimates, but revenue of $2.15 billion fell short and declined 0.4% year over year. Management pointed to improving churn and positive self-pay subscriber additions, while Pandora user losses and higher royalty costs remain concerns.
• Sirius XM declared a quarterly dividend of $0.27 per share, equivalent to $1.08 annually and a 3.5% yield based on the article’s quoted share price.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $32.92.

Several research analysts have recently commented on SIRI shares. Morgan Stanley raised their price objective on shares of Sirius XM from $24.00 to $28.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Sirius XM from a "hold" rating to a "buy" rating and lifted their price objective for the company from $31.00 to $45.00 in a report on Wednesday, September 2nd. Guggenheim reaffirmed a "buy" rating on shares of Sirius XM in a research note on Thursday, October 29th. The Goldman Sachs Group upgraded shares of Sirius XM from a "neutral" rating to a "buy" rating and increased their target price for the stock from $33.00 to $37.00 in a report on Tuesday. Finally, Citigroup reissued a "sell" rating and issued a $25.00 price target (up from $22.00) on shares of Sirius XM in a research report on Friday, July 31st.

More Sirius XM News

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

• Positive Sentiment: Goldman Sachs upgraded SIRI to Buy from Neutral and raised its price target to $37 from $33, citing the value of Sirius XM’s spectrum holdings and its YouTube advertising deal. The higher valuation suggests meaningful potential upside, though it is an analyst view rather than a change in company results. Goldman upgrades SiriusXM to Buy on spectrum holdings, YouTube ads deal
• Positive Sentiment: On its Q3 earnings call, management highlighted positive self-pay net additions, improved year-over-year churn and stable average revenue per user (ARPU), describing signs of stabilization in the subscription business. Sirius XM’s Q3 earnings call: our top 5 analyst questions
• Neutral Sentiment: JPMorgan lowered its price target to $32 from $34 and maintained a Neutral rating. The more cautious call offsets some of Goldman’s optimism. JPMorgan Chase & Co. stock recommendations
• Neutral Sentiment: Sirius XM is promoting election coverage, holiday music, Monday Night Football and a Wu-Tang Clan channel. These programming initiatives may support listening and engagement, but the articles provide no audience or revenue impact. SiriusXM launches The Wu-Tang Clan Channel
• Negative Sentiment: A report said Pandora’s monthly user base fell by 2.75 million year over year in Q3, while SiriusXM’s revenue-share and royalty costs rose to $726 million. The combination could weigh on audience growth and margins. Pandora’s monthly user base fell by 2.75m YoY in Q3

Insider Buying and Selling at Sirius XM

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC raised its position in Sirius XM by 114.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 22,755 shares of the company's stock valued at $589,000 after purchasing an additional 12,138 shares in the last quarter. Associated Banc Corp purchased a new position in shares of Sirius XM in the 3rd quarter valued at about $2,821,000. Capital Management Corp VA boosted its stake in shares of Sirius XM by 4.3% in the 3rd quarter. Capital Management Corp VA now owns 444,919 shares of the company's stock valued at $11,514,000 after buying an additional 18,528 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Sirius XM in the 3rd quarter valued at about $128,000. Finally, CHICAGO TRUST Co NA grew its position in shares of Sirius XM by 11.2% during the third quarter. CHICAGO TRUST Co NA now owns 8,703 shares of the company's stock worth $225,000 after buying an additional 875 shares in the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $30.80 on Wednesday. The business has a 50-day moving average of $27.59 and a 200 day moving average of $26.26. Sirius XM has a 12 month low of $19.76 and a 12 month high of $32.66. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 0.48 and a beta of 0.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.32 and a quick ratio of 0.32.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The business's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. As a group, sell-side analysts forecast that Sirius XM will post 3.02 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.5%. Sirius XM's dividend payout ratio is currently 44.26%.

Sirius XM Company Profile

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.

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