Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $27.45 Consensus Target Price from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $27.4545.

A number of research analysts have weighed in on SIRI shares. Rosenblatt Securities dropped their target price on shares of Sirius XM from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Citigroup reissued a “sell” rating and set a $22.00 price objective (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Barrington Research boosted their target price on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. upped their price target on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Evercore set a $28.00 price target on Sirius XM in a research note on Friday, May 1st.

Insider Buying and Selling at Sirius XM

In other news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. This trade represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its holdings in shares of Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after acquiring an additional 794 shares during the period. Root Financial Partners LLC lifted its holdings in Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after purchasing an additional 1,195 shares in the last quarter. Rossby Financial LCC lifted its holdings in Sirius XM by 57.7% during the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares in the last quarter. Western Wealth Management LLC bought a new position in Sirius XM in the 1st quarter worth about $33,000. Finally, Altshuler Shaham Ltd boosted its stake in Sirius XM by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after purchasing an additional 417 shares during the period. 10.69% of the stock is owned by institutional investors.

Sirius XM Stock Performance

NASDAQ SIRI opened at $27.59 on Friday. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.60 and a beta of 0.96. Sirius XM has a one year low of $19.76 and a one year high of $30.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44. The business’s fifty day moving average is $26.54 and its 200-day moving average is $23.18.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that Sirius XM will post 3.1 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 3.9%. Sirius XM’s dividend payout ratio is 45.57%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.