Brokerages Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Price Target at $4.42

Sirius XM Holdings Inc. (NASDAQ:SIRI) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.42.

SIRI has been the topic of several analyst reports. Rosenblatt Securities dropped their target price on shares of Sirius XM from $4.50 to $3.40 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and cut their target price for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. Wells Fargo & Company cut their price objective on Sirius XM from $3.00 to $2.50 and set an “underweight” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group upgraded Sirius XM from a “sell” rating to a “neutral” rating and reduced their price target for the company from $3.50 to $3.25 in a report on Wednesday, May 1st. Finally, Benchmark decreased their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th.

Institutional Investors Weigh In On Sirius XM

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GM Advisory Group LLC grew its position in Sirius XM by 10.0% in the 4th quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock worth $120,000 after purchasing an additional 2,000 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of 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 period. D.A. Davidson & CO. grew its holdings in shares of Sirius XM by 14.8% during the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock worth $93,000 after purchasing an additional 2,183 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Sirius XM by 0.6% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock valued at $2,123,000 after purchasing an additional 2,300 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC lifted its position in Sirius XM by 9.6% in the third quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company’s stock worth $124,000 after purchasing an additional 2,420 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of SIRI stock opened at $2.75 on Friday. Sirius XM has a 1 year low of $2.70 and a 1 year high of $7.95. The business’s fifty day moving average is $3.31 and its 200-day moving average is $4.39. The stock has a market cap of $10.58 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.10.

Sirius XM (NASDAQ:SIRI) last released its earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. Equities research analysts predict that Sirius XM will post 0.31 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be given a $0.0266 dividend. This represents a $0.11 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 9th. Sirius XM’s dividend payout ratio is currently 30.30%.

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.