Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) PT at $4.11

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.11.

SIRI has been the topic of several analyst reports. Guggenheim lowered their price objective on Sirius XM from $3.30 to $2.90 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $4.10 to $3.30 in a research report on Wednesday, April 24th. StockNews.com assumed coverage on shares of Sirius XM in a report on Wednesday. They set a “hold” rating on the stock. The Goldman Sachs Group raised shares of Sirius XM from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $4.75 target price on shares of Sirius XM in a research report on Tuesday, May 28th.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total value of $32,546.80. Following the completion of the sale, the director now directly owns 169,309 shares of the company’s stock, valued at approximately $440,203.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in shares of Sirius XM in the fourth quarter valued at about $27,000. Mather Group LLC. bought a new position in Sirius XM in the 2nd quarter worth approximately $28,000. First PREMIER Bank purchased a new stake in Sirius XM during the 1st quarter valued at approximately $31,000. First United Bank & Trust purchased a new stake in Sirius XM during the 4th quarter valued at approximately $37,000. Finally, TFO Wealth Partners LLC raised its position in shares of Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock valued at $38,000 after buying an additional 7,028 shares during the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance

Shares of NASDAQ:SIRI opened at $3.61 on Friday. Sirius XM has a 1-year low of $2.45 and a 1-year high of $7.95. The business has a fifty day moving average price of $2.92 and a 200-day moving average price of $3.90. The company has a market capitalization of $13.89 billion, a PE ratio of 10.94, a PEG ratio of 1.06 and a beta of 1.08.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. Sirius XM’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. On average, sell-side analysts anticipate that Sirius XM will post 0.31 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were issued a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, May 9th. Sirius XM’s dividend payout ratio is presently 30.30%.

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.