Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Target Price at $26.65

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $26.65.

A number of equities analysts have issued reports on the stock. Rosenblatt Securities cut their price objective on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a report on Friday, May 2nd.

Insider Buying and Selling

In related news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the sale, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Sirius XM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIRI. Berkshire Hathaway Inc raised its stake in Sirius XM by 11.7% in the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock valued at $2,678,283,000 after acquiring an additional 12,313,544 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Sirius XM by 661.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company's stock valued at $80,630,000 after acquiring an additional 3,107,313 shares during the period. LSV Asset Management bought a new stake in Sirius XM in the 4th quarter valued at about $51,535,000. AQR Capital Management LLC raised its stake in Sirius XM by 209.9% in the 1st quarter. AQR Capital Management LLC now owns 1,957,518 shares of the company's stock valued at $43,770,000 after acquiring an additional 1,325,870 shares during the period. Finally, Norges Bank bought a new stake in Sirius XM in the 4th quarter valued at about $28,269,000. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Down 3.1%

SIRI stock traded down $0.70 during midday trading on Wednesday, reaching $21.69. 3,510,922 shares of the company's stock traded hands, compared to its average volume of 5,129,221. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -3.38, a P/E/G ratio of 0.79 and a beta of 0.90. The firm's fifty day moving average price is $21.39 and its 200-day moving average price is $23.14. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93. Sirius XM has a 52 week low of $18.69 and a 52 week high of $41.60.

Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.11). The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. As a group, sell-side analysts forecast that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, May 9th. Sirius XM's dividend payout ratio (DPR) is currently -16.56%.

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.