Sirius XM (NASDAQ:SIRI) Earns Outperform Rating from Barrington Research

Sirius XM (NASDAQ:SIRI)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $30.00 target price on the stock. Barrington Research’s price target suggests a potential upside of 29.81% from the stock’s previous close.

A number of other equities analysts have also weighed in on SIRI. JPMorgan Chase & Co. lifted their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, November 7th. Bank of America reiterated an “underperform” rating and set a $23.00 price target on shares of Sirius XM in a research report on Thursday, October 24th. StockNews.com assumed coverage on shares of Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Wells Fargo & Company decreased their target price on shares of Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. Finally, Guggenheim dropped their price target on shares of Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.35.

Sirius XM Stock Performance

NASDAQ SIRI traded up $1.27 during trading hours on Thursday, reaching $23.11. The stock had a trading volume of 12,560,663 shares, compared to its average volume of 5,216,371. Sirius XM has a 52-week low of $20.47 and a 52-week high of $53.50. The stock has a fifty day moving average of $23.72 and a 200 day moving average of $26.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market cap of $7.84 billion, a P/E ratio of -3.65, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Sirius XM had a negative net margin of 23.02% and a positive return on equity of 68.38%. Sell-side analysts predict that Sirius XM will post -6 earnings per share for the current year.

Hedge Funds Weigh In On Sirius XM

Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Sirius XM in the fourth quarter valued at approximately $268,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Sirius XM by 383,152.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 137,971 shares of the company’s stock valued at $3,146,000 after purchasing an additional 137,935 shares during the last quarter. Brighton Jones LLC purchased a new position in Sirius XM during the fourth quarter worth approximately $622,000. Finally, Janus Henderson Group PLC acquired a new position in Sirius XM during the third quarter worth $2,367,000. 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.