Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.65 Consensus Target Price from Analysts

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, four have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $26.65.

Several brokerages have weighed in on SIRI. Seaport Res Ptn upgraded Sirius XM from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Barrington Research reiterated an “outperform” rating and issued a $28.00 price target on shares of Sirius XM in a report on Friday, May 2nd. Finally, Rosenblatt Securities cut their price target on Sirius XM from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, May 2nd.

Sirius XM Stock Down 3.1%

Shares of NASDAQ SIRI opened at $21.69 on Wednesday. Sirius XM has a 1 year low of $18.69 and a 1 year high of $41.60. The firm’s 50 day moving average price is $21.39 and its 200 day moving average price is $23.14. The firm has a market cap of $7.33 billion, a P/E ratio of -3.38, a price-to-earnings-growth ratio of 0.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). The business had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.09 billion. Sirius XM had a negative net margin of 24.03% and a positive return on equity of 13.44%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, sell-side analysts anticipate that Sirius XM will post 3.2 earnings per share for the current year.

Sirius XM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 9th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a $1.08 annualized dividend and a yield of 4.98%. Sirius XM’s dividend payout ratio is currently -16.56%.

Insider Activity at Sirius XM

In related news, Director Kristina Salen sold 1,651 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $22.27, for a total value of $36,767.77. Following the completion of the sale, the director now directly owns 15,471 shares in the company, valued at approximately $344,539.17. This represents a 9.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.32% of the stock is owned by insiders.

Institutional Trading of Sirius XM

Several large investors have recently added to or reduced their stakes in SIRI. Janney Montgomery Scott LLC increased its holdings in Sirius XM by 262.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 104,676 shares of the company’s stock valued at $2,387,000 after purchasing an additional 75,817 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after purchasing an additional 1,810 shares in the last quarter. Brighton Jones LLC acquired a new stake in Sirius XM in the 4th quarter valued at $622,000. Geneos Wealth Management Inc. boosted its position in Sirius XM by 574.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in Sirius XM in the 4th quarter valued at about $303,000. 10.69% of the stock is currently owned by institutional investors and hedge funds.

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.