Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $4.11

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.11.

SIRI has been the topic of a number of research analyst reports. Seaport Res Ptn raised shares of Sirius XM from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. The Goldman Sachs Group raised shares of Sirius XM from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $3.50 to $3.25 in a research report on Wednesday, May 1st. Wells Fargo & Company cut their price objective on shares of Sirius XM from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Wednesday, May 1st. Guggenheim cut their price objective on shares of Sirius XM from $3.30 to $2.90 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Finally, Benchmark cut their price objective on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research report on Wednesday, March 27th.

Sirius XM Stock Up 2.8 %

Shares of Sirius XM stock opened at $3.71 on Friday. Sirius XM has a twelve month low of $2.45 and a twelve month high of $7.95. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.18 and a beta of 1.08. The company’s fifty day moving average is $2.93 and its 200 day moving average is $3.87.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, equities analysts anticipate that Sirius XM will post 0.31 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 10th were issued a $0.0266 dividend. The ex-dividend date was Thursday, May 9th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 2.87%. Sirius XM’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Sirius XM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Sirius XM by 1.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 573,562 shares of the company’s stock valued at $3,120,000 after buying an additional 9,956 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Sirius XM in the 1st quarter valued at about $2,036,000. Morningstar Investment Services LLC purchased a new stake in Sirius XM in the 4th quarter valued at about $85,000. Assetmark Inc. increased its stake in Sirius XM by 1,320.9% in the 4th quarter. Assetmark Inc. now owns 39,076 shares of the company’s stock valued at $214,000 after buying an additional 36,326 shares during the last quarter. Finally, Jump Financial LLC increased its stake in Sirius XM by 25.2% in the 4th quarter. Jump Financial LLC now owns 42,385 shares of the company’s stock valued at $232,000 after buying an additional 8,541 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.