Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $4.74 Average Target Price from Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has received an average rating of "Reduce" from the ten research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $4.74.

A number of analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Sirius XM in a research note on Sunday. They set a "hold" rating on the stock. Citigroup boosted their price objective on Sirius XM from $3.60 to $4.10 and gave the stock a "sell" rating in a research report on Friday, January 12th. Benchmark lowered their price objective on Sirius XM from $7.00 to $6.50 and set a "buy" rating for the company in a research report on Wednesday, March 27th. Wells Fargo & Company lowered their price objective on Sirius XM from $4.50 to $3.00 and set an "underweight" rating for the company in a research report on Monday, April 1st. Finally, Guggenheim initiated coverage on Sirius XM in a research report on Thursday, March 14th. They set a "neutral" rating and a $4.00 price objective for the company.

Sirius XM Trading Up 1.0 %

SIRI traded up $0.03 on Tuesday, hitting $3.16. The company had a trading volume of 16,207,113 shares, compared to its average volume of 14,961,388. The firm has a market cap of $12.15 billion, a P/E ratio of 9.78, a PEG ratio of 1.05 and a beta of 1.04. Sirius XM has a 1 year low of $3.04 and a 1 year high of $7.95. The company's fifty day moving average price is $3.99 and its 200 day moving average price is $4.64.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. On average, analysts predict that Sirius XM will post 0.29 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, February 8th. Sirius XM's dividend payout ratio (DPR) is 34.38%.

Insider Activity at Sirius XM

In related news, Director James E. Meyer sold 800,000 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the transaction, the director now directly owns 1,091,472 shares of the company's stock, valued at $5,370,042.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the sale, the insider now directly owns 746,816 shares of the company's stock, valued at $3,659,398.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the sale, the director now directly owns 1,091,472 shares of the company's stock, valued at $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sirius XM

Large investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of Sirius XM by 18.7% during the third quarter. Northern Trust Corp now owns 11,256,094 shares of the company's stock worth $50,878,000 after purchasing an additional 1,776,700 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Sirius XM during the fourth quarter worth approximately $1,669,000. O Shaughnessy Asset Management LLC raised its stake in shares of Sirius XM by 16.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 24,392 shares of the company's stock worth $110,000 after purchasing an additional 3,495 shares during the last quarter. TIAA Trust National Association raised its stake in shares of Sirius XM by 92.9% during the fourth quarter. TIAA Trust National Association now owns 39,783 shares of the company's stock worth $218,000 after purchasing an additional 19,161 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of Sirius XM during the third quarter worth approximately $2,110,000. Hedge funds and other institutional investors own 10.69% of the company's stock.

About Sirius XM

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.