Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives Average Rating of “Hold” from Analysts

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned an average rating of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $3.88.

SIRI has been the subject of a number of research reports. StockNews.com assumed coverage on shares of Sirius XM in a report on Saturday. They issued a “hold” rating for the company. The Goldman Sachs Group raised 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. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.05 to $4.90 in a report on Wednesday, April 24th. Citigroup downgraded Sirius XM from a “neutral” rating to a “sell” rating and set a $2.80 price target on the stock. in a report on Thursday, July 25th. Finally, Seaport Res Ptn upgraded Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th.

Insider Transactions at Sirius XM

In related news, Director Kristina Salen sold 12,518 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $2.60, for a total value of $32,546.80. Following the transaction, the director now directly owns 169,309 shares of the company’s stock, valued at approximately $440,203.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

Large investors have recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Sirius XM in the second quarter valued at approximately $28,000. First PREMIER Bank purchased a new position in Sirius XM during the 1st quarter worth $31,000. Walker Asset Management LLC acquired a new position in Sirius XM in the second quarter valued at $33,000. First United Bank & Trust purchased a new stake in shares of Sirius XM in the fourth quarter valued at about $37,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of Sirius XM by 140,560.0% during the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company’s stock worth $38,000 after buying an additional 7,028 shares during the period. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Price Performance

NASDAQ SIRI opened at $3.01 on Thursday. The company has a market cap of $11.58 billion, a P/E ratio of 9.45, a P/E/G ratio of 1.06 and a beta of 1.08. The stock has a 50-day moving average of $3.12 and a two-hundred day moving average of $3.68. Sirius XM has a 1-year low of $2.45 and a 1-year high of $5.78.

Sirius XM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.0266 per share. The ex-dividend date is Friday, August 9th. This represents a $0.11 dividend on an annualized basis and a yield of 3.53%. Sirius XM’s payout ratio is currently 30.30%.

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.