Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Recommendation of "Hold" by Analysts

Key Points

• Sirius XM Holdings Inc. has received an average recommendation of "Hold" from eleven research firms, with four analysts recommending a sell and one issuing a strong buy.
• Barrington Research set a price target of $28 for Sirius XM shares, while Zacks upgraded the stock from "strong sell" to "hold."
• The company recently announced a quarterly dividend of $0.27, representing an annualized yield of 5.0%, despite reporting a negative net margin of 26.41% in its latest earnings results.

Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) has been given a consensus rating of "Hold" by the eleven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $25.1250.

Several research firms recently weighed in on SIRI. Barrington Research restated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a research report on Friday, August 1st. Zacks Research upgraded Sirius XM from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Morgan Stanley boosted their target price on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Sirius XM in a research report on Tuesday, October 14th. Finally, Rosenblatt Securities raised their target price on Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th.

Institutional Investors Weigh In On Sirius XM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in Sirius XM by 24.4% during the third quarter. State of Alaska Department of Revenue now owns 204,242 shares of the company's stock valued at $4,753,000 after purchasing an additional 40,000 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Sirius XM during the 3rd quarter valued at $44,000. Clear Harbor Asset Management LLC purchased a new position in shares of Sirius XM during the 3rd quarter valued at $249,000. Kingswood Wealth Advisors LLC bought a new position in Sirius XM in the 3rd quarter worth $229,000. Finally, SG Americas Securities LLC increased its stake in Sirius XM by 292.5% in the 3rd quarter. SG Americas Securities LLC now owns 113,728 shares of the company's stock worth $2,647,000 after buying an additional 84,751 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM Trading Up 0.4%

NASDAQ:SIRI opened at $21.40 on Friday. The firm has a market capitalization of $7.21 billion, a P/E ratio of -3.17, a P/E/G ratio of 0.33 and a beta of 0.93. Sirius XM has a 52 week low of $18.69 and a 52 week high of $29.18. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $22.79 and a 200 day moving average of $22.33.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.22). Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. On average, research analysts predict that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Wednesday, November 5th will be given a $0.27 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $1.08 dividend on an annualized basis and a yield of 5.0%. Sirius XM's dividend payout ratio is presently -16.00%.

Sirius XM Company Profile

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.

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