Sirius XM (NASDAQ:SIRI) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Sirius XM (NASDAQ:SIRI) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Other analysts have also recently issued reports about the stock. Citigroup raised shares of Sirius XM from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $4.10 to $3.30 in a research note on Wednesday, April 24th. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. Barrington Research reaffirmed an “outperform” rating and issued a $4.75 target price on shares of Sirius XM in a research note on Tuesday, May 28th. Guggenheim lowered their target price on shares of Sirius XM from $3.30 to $2.90 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Finally, Evercore ISI raised shares of Sirius XM from an “underperform” rating to an “in-line” rating and lowered their price objective for the company from $4.25 to $3.25 in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.11.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $3.61 on Wednesday. Sirius XM has a 1 year low of $2.45 and a 1 year high of $7.95. The company has a market capitalization of $13.89 billion, a P/E ratio of 10.94, a P/E/G ratio of 1.06 and a beta of 1.08. The business has a 50 day moving average price of $2.92 and a 200 day moving average price of $3.90.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.13 billion. Sirius XM had a negative return on equity of 47.17% and a net margin of 14.38%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. As a group, research analysts expect that Sirius XM will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Kristina Salen sold 12,518 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction of $32,546.80. Following the transaction, the director now owns 169,309 shares of the company’s stock, valued at $440,203.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sirius XM

Large investors have recently modified their holdings of the stock. BKM Wealth Management LLC bought a new position in shares of Sirius XM during the fourth quarter worth about $27,000. Mather Group LLC. bought a new position in Sirius XM in the second quarter worth about $28,000. First PREMIER Bank bought a new position in Sirius XM in the first quarter worth about $31,000. First United Bank & Trust bought a new position in Sirius XM in the fourth quarter worth about $37,000. Finally, TFO Wealth Partners LLC lifted its holdings in Sirius XM by 140,560.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after acquiring an additional 7,028 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

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.