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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.67.

Several research analysts have recently issued reports on SIRI shares. Pivotal Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and lowered their target price for the company from $5.05 to $4.90 in a report on Wednesday. Benchmark decreased their price target on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. StockNews.com began coverage on shares of Sirius XM in a research note on Sunday, April 21st. They set a “hold” rating for the company. Wells Fargo & Company decreased their price target on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Finally, Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $4.10 to $3.30 in a research note on Wednesday.

Sirius XM Stock Performance

Shares of Sirius XM stock opened at $3.02 on Tuesday. The company has a fifty day simple moving average of $3.85 and a 200-day simple moving average of $4.60. Sirius XM has a 12-month low of $2.97 and a 12-month high of $7.95. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.02 and a beta of 1.04.

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

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be given a dividend of $0.0266 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.11 dividend on an annualized basis and a yield of 3.52%. Sirius XM’s payout ratio is currently 34.38%.

Insiders Place Their Bets

In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the completion of the transaction, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sirius XM news, Director James E. Meyer sold 800,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the completion of the transaction, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, 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.

Hedge Funds Weigh In On Sirius XM

A number of large investors have recently made changes to their positions in the stock. GM Advisory Group LLC increased its holdings in shares of Sirius XM by 10.0% in the 4th quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after purchasing an additional 2,000 shares in the last quarter. Lindbrook Capital LLC increased its holdings 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 valued at $69,000 after purchasing an additional 2,139 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Sirius XM by 14.8% in the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after purchasing an additional 2,183 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Sirius XM by 0.6% in the 4th 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 in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC increased its holdings in shares of Sirius XM by 9.6% in the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company’s stock valued at $124,000 after purchasing an additional 2,420 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.