Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $4.84 Consensus Price Target from Brokerages

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned an average recommendation of “Reduce” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.84.

A number of equities research analysts recently commented on the company. Guggenheim assumed coverage on Sirius XM in a report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective for the company. Citigroup upped their price objective on Sirius XM from $3.60 to $4.10 and gave the company a “sell” rating in a report on Friday, January 12th. Benchmark lowered their price target on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a report on Wednesday, March 27th. Wells Fargo & Company reissued an “underweight” rating and set a $4.50 target price (down from $5.00) on shares of Sirius XM in a research note on Tuesday, January 23rd. Finally, StockNews.com initiated coverage on Sirius XM in a research note on Thursday. They issued a “hold” rating on the stock.

Sirius XM Stock Performance

Shares of SIRI opened at $3.88 on Friday. Sirius XM has a 52-week low of $3.32 and a 52-week high of $7.95. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.32 and a beta of 1.05. The stock has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.73.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, research analysts predict that Sirius XM will post 0.29 EPS for the current fiscal year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were paid a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 8th. Sirius XM’s dividend payout ratio (DPR) is presently 34.38%.

Insiders Place Their Bets

In other news, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares of the company’s stock, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Joseph A. Inzerillo sold 107,611 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the completion of the transaction, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the transaction, the director now owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in shares of Sirius XM by 1.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 149,557 shares of the company’s stock valued at $989,000 after acquiring an additional 1,845 shares during the period. GM Advisory Group LLC raised its stake in shares of Sirius XM by 10.0% in the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after buying an additional 2,000 shares during the period. Harbour Investments Inc. lifted its position in shares of Sirius XM by 9.3% during the 4th quarter. Harbour Investments Inc. now owns 24,832 shares of the company’s stock valued at $136,000 after buying an additional 2,114 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Sirius XM by 20.5% in the 4th quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock worth $69,000 after acquiring an additional 2,139 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Sirius XM by 14.8% during the fourth quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after purchasing an additional 2,183 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

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.