Sirius XM (NASDAQ:SIRI) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Sirius XM (NASDAQ:SIRI) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

A number of other brokerages also recently commented on SIRI. Guggenheim raised Sirius XM from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, September 18th. Barrington Research reiterated an “outperform” rating and set a $47.50 price target on shares of Sirius XM in a report on Monday, July 15th. Morgan Stanley restated an “underweight” rating and issued a $23.00 price objective on shares of Sirius XM in a report on Tuesday. Evercore ISI upgraded shares of Sirius XM from an “underperform” rating to an “in-line” rating and lowered their target price for the stock from $42.50 to $32.50 in a research note on Monday, June 24th. Finally, The Goldman Sachs Group cut their price target on Sirius XM from $32.50 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.27.

Sirius XM Stock Up 0.1 %

Sirius XM stock opened at $24.38 on Thursday. Sirius XM has a 52-week low of $22.73 and a 52-week high of $57.80. The firm has a market cap of $93.78 billion, a PE ratio of 73.88, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. The company’s 50 day moving average is $30.29 and its two-hundred day moving average is $31.53.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. Sirius XM had a negative return on equity of 52.15% and a net margin of 14.56%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.20 billion. On average, equities research analysts anticipate that Sirius XM will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sirius XM news, insider Scott Andrew Greenstein sold 144,723 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $31.60, for a total value of $4,573,246.80. Following the completion of the sale, the insider now owns 98,933 shares in the company, valued at $3,126,282.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in shares of Sirius XM during the second quarter worth about $28,000. First PREMIER Bank acquired a new stake in Sirius XM during the 1st quarter worth approximately $31,000. Walker Asset Management LLC purchased a new position in shares of Sirius XM in the 2nd quarter valued at approximately $33,000. Plato Investment Management Ltd acquired a new position in shares of Sirius XM in the second quarter valued at approximately $35,000. Finally, Riverview Capital Advisers LLC purchased a new stake in shares of Sirius XM during the second quarter worth approximately $35,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

About Sirius XM

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.