Sirius XM (NASDAQ:SIRI) Raised to “Strong-Buy” at Seaport Res Ptn

Sirius XM (NASDAQ:SIRI) was upgraded by investment analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Sirius XM’s Q4 2026 earnings at $0.94 EPS.

SIRI has been the topic of several other reports. Barrington Research set a $28.00 price target on shares of Sirius XM in a report on Friday, January 31st. Morgan Stanley reduced their price target on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Thursday, January 23rd. Guggenheim decreased their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Finally, Rosenblatt Securities decreased their target price on Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Six analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sirius XM has a consensus rating of “Hold” and an average target price of $26.81.

Sirius XM Stock Down 4.5 %

Sirius XM stock traded down $0.94 during midday trading on Tuesday, hitting $19.96. 2,034,967 shares of the stock were exchanged, compared to its average volume of 5,445,498. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The company has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $24.27. The firm has a market cap of $6.76 billion, a P/E ratio of -3.12, a P/E/G ratio of 0.79 and a beta of 0.98. Sirius XM has a 1 year low of $18.69 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. On average, sell-side analysts predict that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sirius XM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Xponance Inc. lifted its stake in shares of Sirius XM by 4.5% in the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock worth $281,000 after acquiring an additional 527 shares during the period. PNC Financial Services Group Inc. lifted its position in Sirius XM by 4.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock worth $339,000 after purchasing an additional 630 shares during the period. Wealthspire Advisors LLC boosted its stake in Sirius XM by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock valued at $358,000 after purchasing an additional 643 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Sirius XM by 5.9% during the 4th quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock valued at $325,000 after purchasing an additional 791 shares during the period. Finally, Mill Creek Capital Advisors LLC raised its stake in shares of Sirius XM by 5.8% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after buying an additional 837 shares in the last quarter. 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.