Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $26.18

Key Points

• Sirius XM Holdings Inc. has received an average consensus rating of "Hold" from twelve research firms, with five analysts recommending to sell, two to hold, four to buy, and one to strongly buy the stock.
• The company reported a missed earnings per share estimate of $0.57, against the consensus of $0.79, along with a revenue of $2.14 billion, slightly above expectations.
• Sirius XM recently announced a quarterly dividend of $0.27, resulting in an annualized dividend yield of 5.0%, with investors of record set to receive the payment on August 27th.

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report) have been given an average rating of "Hold" by the twelve brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $26.1818.

A number of research analysts have recently weighed in on SIRI shares. Wells Fargo & Company reduced their target price on shares of Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. Rosenblatt Securities increased their target price on shares of Sirius XM from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Barrington Research reissued an "outperform" rating and set a $28.00 target price on shares of Sirius XM in a research report on Friday, August 1st. Morgan Stanley increased their target price on shares of Sirius XM from $21.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, July 16th. Finally, Guggenheim reissued a "buy" rating and set a $29.00 target price on shares of Sirius XM in a research report on Thursday, June 26th.

Sirius XM Stock Up 3.5%

SIRI stock traded up $0.78 during trading on Monday, reaching $23.19. The stock had a trading volume of 1,810,592 shares, compared to its average volume of 4,487,419. Sirius XM has a one year low of $18.69 and a one year high of $36.40. 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's 50 day moving average is $22.71 and its two-hundred day moving average is $22.67. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.32 and a beta of 0.92.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm 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 company posted $0.80 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Sirius XM will post 3.2 EPS for the current year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Friday, August 8th will be paid a $0.27 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.08 annualized dividend and a yield of 4.7%. Sirius XM's dividend payout ratio is currently -16.00%.

Insider Transactions at Sirius XM

In other news, Director Kristina Salen sold 1,651 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $22.27, for a total transaction of $36,767.77. Following the sale, the director owned 15,471 shares in the company, valued at approximately $344,539.17. This trade represents a 9.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sirius XM

A number of hedge funds have recently modified their holdings of SIRI. Unified Investment Management raised its holdings in Sirius XM by 1.4% in the second quarter. Unified Investment Management now owns 30,407 shares of the company's stock worth $698,000 after buying an additional 425 shares during the last quarter. Applied Finance Capital Management LLC boosted its position in shares of Sirius XM by 5.1% in the first quarter. Applied Finance Capital Management LLC now owns 9,779 shares of the company's stock worth $220,000 after purchasing an additional 475 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock worth $41,000 after purchasing an additional 493 shares during the period. True Wealth Design LLC boosted its position in shares of Sirius XM by 47.8% in the second quarter. True Wealth Design LLC now owns 1,616 shares of the company's stock worth $37,000 after purchasing an additional 523 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Sirius XM by 6.5% in the second quarter. J.W. Cole Advisors Inc. now owns 9,934 shares of the company's stock worth $228,000 after purchasing an additional 605 shares during the period. Hedge funds and other institutional investors own 10.69% of the company's stock.

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.