The Liberty SiriusXM Group - LSXMK Stock Forecast, Price & News

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment. It also offers connected vehicle services; a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings; and traffic information services, which provide information as to road closings, traffic flow and incident data to consumers with compatible in-vehicle navigation systems, and real-time weather services in vehicles, boats, and planes. In addition, the company operates a music, comedy, and podcast streaming platform. Further, it offers ad-supported radio services; Pandora Plus, a radio subscription service; and Pandora Premium, an on-demand subscription service. Additionally, the company distributes satellite radios through automakers and retailers, as well as through its website. As of December 31, 2021, it served approximately 34.0 million subscribers through Sirius XM and approximately 6.4 million subscribers through Pandora. The Liberty SiriusXM Group is headquartered in Englewood, Colorado. The Liberty SiriusXM Group is a subsidiary of Liberty Media Corporation.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ:LSXMK opened at $44.87 on Wednesday. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 0.32 and a beta of 1.14. The stock has a 50 day moving average price of $38.39 and a 200 day moving average price of $42.68. The Liberty SiriusXM Group has a 52-week low of $34.34 and a 52-week high of $56.19.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LSXMK shares. Morgan Stanley reduced their target price on The Liberty SiriusXM Group from $57.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, June 2nd. Rosenblatt Securities began coverage on The Liberty SiriusXM Group in a research report on Tuesday, April 19th. They issued a "buy" rating and a $87.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, The Liberty SiriusXM Group has a consensus rating of "Moderate Buy" and an average target price of $70.67.

Insider Activity at The Liberty SiriusXM Group

In other news, major shareholder Gamco Investors, Inc. Et Al purchased 2,000 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the insider now owns 12,000 shares of the company's stock, valued at $300,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders bought 2,800 shares of company stock worth $71,692.