Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) Target Price at $4.74

Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.67.

A number of analysts recently commented on SIRI shares. Pivotal Research raised 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 research report on Wednesday. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and decreased their target price for the company from $4.10 to $3.30 in a research report on Wednesday. Guggenheim started coverage on Sirius XM in a research report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 target price for the company. Benchmark decreased their target price on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, StockNews.com assumed coverage on Sirius XM in a research note on Sunday, April 21st. They set a “hold” rating for the company.

Insider Transactions at Sirius XM

In other news, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total value of $527,293.90. Following the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director James E. Meyer sold 800,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares in the company, valued at $5,370,042.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph A. Inzerillo sold 107,611 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its stake in Sirius XM by 18.7% in the third quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock valued at $50,878,000 after purchasing an additional 1,776,700 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Sirius XM during the 4th quarter valued at $1,669,000. O Shaughnessy Asset Management LLC raised its holdings in Sirius XM by 16.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 24,392 shares of the company’s stock valued at $110,000 after acquiring an additional 3,495 shares during the period. TIAA Trust National Association raised its holdings in Sirius XM by 92.9% during the 4th quarter. TIAA Trust National Association now owns 39,783 shares of the company’s stock valued at $218,000 after acquiring an additional 19,161 shares during the period. Finally, ING Groep NV bought a new stake in Sirius XM during the 3rd quarter valued at $2,110,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Trading Down 4.4 %

SIRI stock opened at $3.02 on Tuesday. The stock has a 50-day moving average price of $3.89 and a 200-day moving average price of $4.61. Sirius XM has a 1-year low of $2.98 and a 1-year high of $7.95. The firm has a market cap of $11.62 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.07 and a beta of 1.04.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Sirius XM had a negative return on equity of 42.54% and a net margin of 14.05%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion. On average, analysts forecast that Sirius XM will post 0.29 earnings per share for the current year.

Sirius XM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be paid a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 3.52%. Sirius XM’s payout ratio is presently 31.25%.

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.