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

Sirius XM Holdings Inc. (NASDAQ:SIRI) has earned an average recommendation of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.94.

A number of equities research analysts recently issued reports on SIRI shares. Zacks Investment Research downgraded shares of Sirius XM from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Gabelli boosted their price objective on shares of Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a research report on Thursday, October 26th. Bank of America set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Piper Jaffray Companies set a $7.00 price objective on shares of Sirius XM and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, BidaskClub cut shares of Sirius XM from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th.

Sirius XM (NASDAQ SIRI) remained flat at $$5.33 during trading on Monday. 8,030,000 shares of the company’s stock were exchanged, compared to its average volume of 20,640,000. The company has a market cap of $24,500.00, a PE ratio of 29.61, a P/E/G ratio of 1.58 and a beta of 1.12. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM has a twelve month low of $4.52 and a twelve month high of $5.89.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. Sirius XM’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. analysts anticipate that Sirius XM will post 0.19 EPS for the current fiscal year.

In other Sirius XM news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the transaction, the executive vice president now directly owns 227,430 shares in the company, valued at approximately $1,296,351. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the transaction, the chief executive officer now owns 3,377,085 shares in the company, valued at $19,181,842.80. The disclosure for this sale can be found here. Corporate insiders own 1.06% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. lifted its position in shares of Sirius XM by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock valued at $101,000 after buying an additional 15,200 shares during the last quarter. Colony Group LLC purchased a new stake in shares of Sirius XM during the second quarter valued at about $102,000. Toronto Dominion Bank lifted its position in shares of Sirius XM by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after buying an additional 1,799 shares during the last quarter. Kalos Management Inc. purchased a new stake in shares of Sirius XM during the third quarter valued at about $114,000. Finally, AE Wealth Management LLC lifted its position in shares of Sirius XM by 72.7% during the third quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock valued at $130,000 after buying an additional 9,924 shares during the last quarter. Institutional investors own 19.57% 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.

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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