Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.50 Consensus Target Price from Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.50.

Several analysts recently issued reports on SIRI shares. Morgan Stanley boosted their price target on Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday. Wells Fargo & Company upped their target price on Sirius XM from $16.00 to $19.00 and gave the company an "underweight" rating in a research report on Wednesday, July 2nd. Rosenblatt Securities cut their target price on Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Barrington Research reiterated an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Sirius XM from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th.

Insider Activity at Sirius XM

In other news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total transaction of $36,767.77. Following the completion of the transaction, the director owned 15,471 shares of the company's stock, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.32% of the company's stock.

Hedge Funds Weigh In On Sirius XM

A number of institutional investors have recently modified their holdings of SIRI. Berkshire Hathaway Inc raised its holdings in shares of Sirius XM by 11.7% during the 4th quarter. Berkshire Hathaway Inc now owns 117,468,573 shares of the company's stock worth $2,678,283,000 after buying an additional 12,313,544 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings 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 worth $80,630,000 after purchasing an additional 3,107,313 shares in the last quarter. LSV Asset Management acquired a new position in Sirius XM in the 4th quarter worth about $51,535,000. AQR Capital Management LLC increased its holdings 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 worth $43,770,000 after purchasing an additional 1,325,870 shares in the last quarter. Finally, Norges Bank acquired a new position in Sirius XM in the 4th quarter worth about $28,269,000. Institutional investors and hedge funds own 10.69% of the company's stock.

Sirius XM Stock Performance

SIRI traded up $0.24 during trading on Thursday, hitting $23.43. The stock had a trading volume of 2,539,328 shares, compared to its average volume of 4,816,219. The company has a 50 day moving average price of $22.52 and a 200-day moving average price of $22.62. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of -3.59, a P/E/G ratio of 0.34 and a beta of 0.92. Sirius XM has a one year low of $18.69 and a one year high of $41.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.09 billion. Sirius XM had a negative net margin of 25.00% and a positive return on equity of 6.77%. 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 earned $0.07 earnings per share. As a group, research analysts predict that Sirius XM will post 3.2 EPS for the current year.

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.