News coverage about Sirius XM (NASDAQ:SIRI) has trended somewhat positive on Monday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sirius XM earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9935141634151 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- BRIEF-SiriusXM, PGA Tour Agree To 4-Yr Extension To Their Broadcasting Agreement (reuters.com)
- Sirius XM Holdings Inc. (SIRI) Sees Significant Increase in Short Interest (americanbankingnews.com)
- Joan Lordi Amble Sells 73,961 Shares of Sirius XM Holdings Inc. (SIRI) Stock (americanbankingnews.com)
- Sirius XM (SIRI) Touches a Fresh 52-Week High: Here’s Why (finance.yahoo.com)
Sirius XM (SIRI) traded up $0.06 during midday trading on Monday, reaching $6.60. 12,999,644 shares of the company’s stock traded hands, compared to its average volume of 22,680,000. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of -4.42. Sirius XM has a fifty-two week low of $4.73 and a fifty-two week high of $6.61. The stock has a market capitalization of $29,380.00, a price-to-earnings ratio of 47.14, a P/E/G ratio of 1.83 and a beta of 1.10.
Sirius XM declared that its board has initiated a stock buyback program on Tuesday, January 23rd that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
SIRI has been the subject of a number of recent research reports. BidaskClub raised shares of Sirius XM from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. JPMorgan Chase & Co. downgraded shares of Sirius XM from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $5.36 to $5.00 in a research note on Tuesday, January 2nd. Barrington Research downgraded shares of Sirius XM from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Royal Bank of Canada set a $6.00 price objective on shares of Sirius XM and gave the stock a “hold” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $6.12.
In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the transaction, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at $19,181,842.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joan Lordi Amble sold 73,961 shares of Sirius XM stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total transaction of $480,746.50. Following the completion of the transaction, the director now directly owns 101,174 shares in the company, valued at $657,631. The disclosure for this sale can be found here. Insiders sold 1,286,012 shares of company stock worth $7,803,480 over the last ninety days. Corporate insiders own 1.06% of the company’s stock.
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Sirius XM Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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