Sirius XM Holdings Inc. (NASDAQ:SIRI - Get Free Report)'s share price rose 1.9% during mid-day trading on Monday . The company traded as high as $2.66 and last traded at $2.66. Approximately 10,314,252 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 18,342,926 shares. The stock had previously closed at $2.61.
Wall Street Analyst Weigh In
Several equities analysts recently commented on SIRI shares. StockNews.com began coverage on shares of Sirius XM in a research note on Sunday. They set a "hold" rating for the company. The Goldman Sachs Group raised shares of Sirius XM from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $3.50 to $3.25 in a report on Wednesday, May 1st. Rosenblatt Securities lowered their price objective on Sirius XM from $4.50 to $3.40 and set a "neutral" rating on the stock in a research report on Wednesday, May 1st. Guggenheim assumed coverage on Sirius XM in a research report on Thursday, March 14th. They set a "neutral" rating and a $4.00 target price for the company. Finally, Benchmark lowered their price target on Sirius XM from $7.00 to $6.50 and set a "buy" rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $4.33.
Check Out Our Latest Analysis on SIRI
Sirius XM Trading Up 1.5 %
The stock has a fifty day moving average of $2.94 and a two-hundred day moving average of $4.13. The company has a market capitalization of $10.19 billion, a PE ratio of 8.03, a PEG ratio of 0.85 and a beta of 1.08.
Sirius XM (NASDAQ:SIRI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Sirius XM had a net margin of 14.38% and a negative return on equity of 47.17%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period last year, the firm posted $0.06 earnings per share. The business's revenue was up .8% compared to the same quarter last year. Equities analysts forecast that Sirius XM Holdings Inc. will post 0.31 EPS for the current year.
Sirius XM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th were given a dividend of $0.0266 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.11 annualized dividend and a yield of 4.02%. Sirius XM's payout ratio is 30.30%.
Insider Transactions at Sirius XM
In related news, Director Kristina Salen sold 12,518 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $2.60, for a total transaction of $32,546.80. Following the completion of the sale, the director now directly owns 169,309 shares in the company, valued at approximately $440,203.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.79% of the company's stock.
Institutional Investors Weigh In On Sirius XM
Several institutional investors have recently added to or reduced their stakes in SIRI. BKM Wealth Management LLC purchased a new stake in Sirius XM in the 4th quarter worth approximately $27,000. Truvestments Capital LLC purchased a new stake in Sirius XM in the third quarter worth $27,000. First United Bank & Trust bought a new stake in Sirius XM in the fourth quarter valued at $37,000. TFO Wealth Partners LLC boosted its holdings in Sirius XM by 140,560.0% in the fourth quarter. TFO Wealth Partners LLC now owns 7,033 shares of the company's stock valued at $38,000 after acquiring an additional 7,028 shares in the last quarter. Finally, American National Bank purchased a new position in Sirius XM during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 10.69% of the company's stock.
About Sirius XM
(Get Free Report)
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.
Featured Stories
- Five stocks we like better than Sirius XM
- How to Buy Cheap Stocks Step by Step
- Buffett Bails on BYD: What It Means forthe Future of EV Stocks
- How to Use the MarketBeat Dividend Calculator
- Domino’s vs. Papa John's: Stock Showdown of Pizza Giants
- Williams-Sonoma Makes Stock More Accessible with a Stock Split
→ Elon Musk: THIS will be bigger than Tesla (From Paradigm Press) (Ad)
Should you invest $1,000 in Sirius XM right now?
Before you consider Sirius XM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sirius XM wasn't on the list.
While Sirius XM currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Ten Starter Stocks For Beginners to Buy Now
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
