Sirius XM (NASDAQ:SIRI) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Sirius XM has received a "sell (D+)" rating from Weiss Ratings, indicating a negative outlook on the stock.
• Analysts have set varied price targets, with Wells Fargo reducing theirs from $19.00 to $18.00, while Barrington Research maintains a $28.00 target.
• The company's recent earnings report showed a miss in earnings per share (EPS) of $0.57 compared to analysts' expectations of $0.79, alongside a 1.8% decline in quarterly revenue year-over-year.

Sirius XM (NASDAQ:SIRI - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

A number of other research analysts also recently commented on SIRI. Wells Fargo & Company lowered their price objective on Sirius XM from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. Zacks Research raised shares of Sirius XM from a "strong sell" rating to a "hold" rating in a report on Friday, August 15th. Barrington Research reissued an "outperform" rating and issued a $28.00 price objective on shares of Sirius XM in a research note on Friday, August 1st. Guggenheim restated a "buy" rating and set a $29.00 price target on shares of Sirius XM in a report on Thursday, June 26th. Finally, Rosenblatt Securities boosted their target price on shares of Sirius XM from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Sirius XM currently has an average rating of "Hold" and an average price target of $26.70.

Sirius XM Stock Up 1.7%

Shares of Sirius XM stock traded up $0.37 on Tuesday, hitting $21.82. 1,233,886 shares of the company's stock traded hands, compared to its average volume of 4,220,154. 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 stock has a market cap of $7.35 billion, a P/E ratio of -3.23, a PEG ratio of 0.32 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 firm's 50-day moving average is $22.83 and its 200 day moving average is $22.31.

Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The company's quarterly revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. Equities analysts anticipate that Sirius XM will post 3.2 earnings per share for the current year.

Institutional Investors Weigh In On Sirius XM

A number of large investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in Sirius XM by 105.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 25,800 shares of the company's stock worth $600,000 after acquiring an additional 13,240 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Sirius XM in the third quarter valued at $33,000. GAMMA Investing LLC raised its stake in shares of Sirius XM by 441.1% in the third quarter. GAMMA Investing LLC now owns 2,078 shares of the company's stock worth $48,000 after acquiring an additional 1,694 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Sirius XM in the second quarter worth about $239,000. Finally, NWF Advisory Services Inc. bought a new position in shares of Sirius XM in the second quarter worth about $201,000. 10.69% of the stock is currently owned by institutional investors.

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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