Weekly Investment Analysts’ Ratings Updates for Sirius XM (SIRI)

A number of firms have modified their ratings and price targets on shares of Sirius XM (NASDAQ: SIRI) recently:

• 7/10/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 7/2/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/27/2024 – Sirius XM had its price target lowered by analysts at Guggenheim from $3.30 to $2.90. They now have a “neutral” rating on the stock.
• 6/24/2024 – Sirius XM was upgraded by analysts at Evercore ISI from an “underperform” rating to an “in-line” rating. They now have a $3.25 price target on the stock, down previously from $4.25.
• 6/24/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/16/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 6/8/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/31/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/28/2024 – Sirius XM had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $4.75 price target on the stock.
• 5/23/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 5/15/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Sirius XM Stock Up 5.5 %

Sirius XM stock opened at $3.43 on Wednesday. Sirius XM Holdings Inc. has a 52-week low of $2.45 and a 52-week high of $7.95. The firm has a fifty day moving average of $2.90 and a 200-day moving average of $3.90. The firm has a market capitalization of $13.19 billion, a P/E ratio of 10.39, a PEG ratio of 1.21 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 (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company 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%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, research analysts expect that Sirius XM Holdings Inc. will post 0.31 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were issued a dividend of $0.0266 per share. This represents a $0.11 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, May 9th. Sirius XM’s payout ratio is 33.33%.

Insider Activity at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total transaction 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC bought a new position in Sirius XM during the 4th quarter valued at $27,000. Mather Group LLC. bought a new position in shares of Sirius XM in the 2nd quarter worth about $28,000. First PREMIER Bank bought a new position in shares of Sirius XM in the 1st quarter worth about $31,000. First United Bank & Trust bought a new position in shares of Sirius XM in the 4th quarter worth about $37,000. Finally, TFO Wealth Partners LLC lifted its position in shares of Sirius XM by 140,560.0% in the 4th quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after buying an additional 7,028 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

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.