Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $26.17.
SIRI has been the subject of several recent analyst reports. Seaport Res Ptn raised shares of Sirius XM from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Rosenblatt Securities dropped their price target on shares of Sirius XM from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Barrington Research reiterated an "outperform" rating and set a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd.
Read Our Latest Analysis on SIRI
Insider Buying and Selling at Sirius XM
In other news, Director Kristina Salen sold 1,651 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now owns 15,471 shares in the company, valued at approximately $344,539.17. The trade was a 9.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Sirius XM
Several institutional investors have recently bought and sold shares of SIRI. Brighton Jones LLC bought a new position in shares of Sirius XM in the 4th quarter worth $622,000. State of New Jersey Common Pension Fund D lifted its position in shares of Sirius XM by 15.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 83,439 shares of the company's stock valued at $1,902,000 after buying an additional 11,243 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Sirius XM in the 4th quarter valued at about $253,000. Private Advisor Group LLC purchased a new position in shares of Sirius XM in the 4th quarter worth approximately $237,000. Finally, Ieq Capital LLC bought a new position in shares of Sirius XM during the 4th quarter worth approximately $1,541,000. 10.69% of the stock is owned by hedge funds and other institutional investors.
Sirius XM Trading Up 0.2%
SIRI traded up $0.04 on Friday, hitting $22.45. The company had a trading volume of 2,134,759 shares, compared to its average volume of 4,959,974. The business's fifty day simple moving average is $21.61 and its 200 day simple moving average is $22.61. 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 12-month low of $18.69 and a 12-month high of $41.60. The company has a market cap of $7.59 billion, a PE ratio of -3.44, a PEG ratio of 0.31 and a beta of 0.91.
Sirius XM (NASDAQ:SIRI - Get Free Report) last announced its 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 company had revenue of $2.07 billion during the quarter, compared to analysts' expectations of $2.09 billion. Sirius XM had a positive return on equity of 6.77% and a negative net margin of 25.00%. Sirius XM'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. Equities research analysts expect that Sirius XM will post 3.2 EPS for the current year.
Sirius XM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 9th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.81%. Sirius XM's payout ratio is currently -16.56%.
Sirius XM Company Profile
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Get Free ReportSirius 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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