Weekly Analysts’ Ratings Changes for Sirius XM (SIRI)

Several brokerages have updated their recommendations and price targets on shares of Sirius XM (NASDAQ: SIRI) in the last few weeks:

• 5/1/2024 – Sirius XM had its price target lowered by analysts at Wells Fargo & Company from $3.00 to $2.50. They now have an “underweight” rating on the stock.
• 5/1/2024 – Sirius XM had its price target lowered by analysts at Rosenblatt Securities from $4.50 to $3.40. They now have a “neutral” rating on the stock.
• 5/1/2024 – Sirius XM was upgraded by analysts at The Goldman Sachs Group, Inc. from a “sell” rating to a “neutral” rating. They now have a $3.25 price target on the stock, down previously from $3.50.
• 4/30/2024 – Sirius XM had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $5.75 price target on the stock.
• 4/29/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/29/2024 – Sirius XM was upgraded by analysts at Seaport Res Ptn from a “neutral” rating to a “buy” rating.
• 4/24/2024 – Sirius XM was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating. They now have a $3.30 price target on the stock, down previously from $4.10.
• 4/24/2024 – Sirius XM was upgraded by analysts at Pivotal Research from a “hold” rating to a “buy” rating. They now have a $4.90 price target on the stock, down previously from $5.05.
• 4/21/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/13/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/5/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 4/1/2024 – Sirius XM had its price target lowered by analysts at Wells Fargo & Company from $4.50 to $3.00. They now have an “underweight” rating on the stock.
• 3/28/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/27/2024 – Sirius XM had its price target lowered by analysts at Benchmark Co. from $7.00 to $6.50. They now have a “buy” rating on the stock.
• 3/20/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/14/2024 – Sirius XM is now covered by analysts at Guggenheim. They set a “neutral” rating and a $4.00 price target on the stock.
• 3/12/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 3/4/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Sirius XM Stock Performance

Shares of NASDAQ:SIRI traded up $0.02 during trading on Thursday, reaching $3.07. The stock had a trading volume of 7,236,052 shares, compared to its average volume of 15,856,944. The firm’s fifty day moving average is $3.75 and its 200 day moving average is $4.57. Sirius XM Holdings Inc. has a 52 week low of $2.92 and a 52 week high of $7.95. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.00 and a beta of 1.10.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $2.16 billion for 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 company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.06 EPS. On average, research analysts forecast that Sirius XM Holdings Inc. will post 0.29 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be paid a dividend of $0.0266 per share. This represents a $0.11 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, May 9th. Sirius XM’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling

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

Institutional Trading of Sirius XM

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Sirius XM by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 54,682,133 shares of the company’s stock valued at $299,111,000 after purchasing an additional 363,551 shares during the last quarter. Berkshire Hathaway Inc increased its holdings in Sirius XM by 315.6% during the fourth quarter. Berkshire Hathaway Inc now owns 40,243,058 shares of the company’s stock worth $220,130,000 after buying an additional 30,559,834 shares during the last quarter. AQR Capital Management LLC increased its holdings in Sirius XM by 482.9% during the third quarter. AQR Capital Management LLC now owns 14,641,104 shares of the company’s stock worth $66,178,000 after buying an additional 12,129,166 shares during the last quarter. Northern Trust Corp increased its holdings in Sirius XM by 18.7% during the third quarter. Northern Trust Corp now owns 11,256,094 shares of the company’s stock worth $50,878,000 after buying an additional 1,776,700 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Sirius XM by 169.6% during the third quarter. New York State Common Retirement Fund now owns 10,303,486 shares of the company’s stock worth $46,572,000 after buying an additional 6,482,109 shares during the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.