Guggenheim Issues Pessimistic Forecast for Sirius XM (NASDAQ:SIRI) Stock Price

Sirius XM (NASDAQ:SIRI) had its price target reduced by equities researchers at Guggenheim from $30.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price would suggest a potential upside of 31.14% from the company’s current price.

Other research analysts also recently issued research reports about the company. Seaport Res Ptn downgraded Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company reduced their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Benchmark reaffirmed a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $23.00 target price on shares of Sirius XM in a research report on Thursday, October 24th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.35.

Sirius XM Trading Up 0.2 %

Sirius XM stock traded up $0.05 during trading hours on Wednesday, reaching $22.11. The stock had a trading volume of 1,193,008 shares, compared to its average volume of 4,530,574. The company has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $27.01. Sirius XM has a 52 week low of $20.47 and a 52 week high of $53.50. The stock has a market cap of $7.50 billion, a PE ratio of -3.49, a PEG ratio of 1.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors have recently modified their holdings of the stock. Mill Creek Capital Advisors LLC boosted its stake in Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares in the last quarter. swisspartners Advisors Ltd lifted its stake in shares of Sirius XM by 4.3% in the fourth quarter. swisspartners Advisors Ltd now owns 145,478 shares of the company’s stock worth $3,317,000 after buying an additional 5,975 shares in the last quarter. MBA Advisors LLC purchased a new stake in shares of Sirius XM during the fourth quarter valued at approximately $228,000. Empowered Funds LLC bought a new stake in shares of Sirius XM during the fourth quarter valued at approximately $3,332,000. Finally, Oakworth Capital Inc. purchased a new position in Sirius XM in the 4th quarter worth approximately $115,000. 10.69% of the stock is owned by hedge funds and other institutional investors.

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.