Sirius XM’s (SIRI) Outperform Rating Reaffirmed at Barrington Research

Sirius XM (NASDAQ:SIRI)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research note issued on Tuesday, Benzinga reports. They presently have a $5.75 target price on the stock. Barrington Research’s price objective suggests a potential upside of 92.95% from the stock’s current price.

A number of other analysts have also recently commented on SIRI. StockNews.com assumed coverage on Sirius XM in a research note on Monday. They issued a “hold” rating for the company. Guggenheim initiated coverage on Sirius XM in a report on Thursday, March 14th. They issued a “neutral” rating and a $4.00 price objective for the company. Benchmark dropped their price target on Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Wells Fargo & Company lowered their price objective on Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a research report on Monday, April 1st. Finally, Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $5.05 to $4.90 in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.75.

Sirius XM Trading Down 6.0 %

NASDAQ SIRI traded down $0.19 on Tuesday, hitting $2.98. 25,490,085 shares of the company were exchanged, compared to its average volume of 15,587,806. The firm has a 50 day moving average of $3.82 and a two-hundred day moving average of $4.59. The company has a market cap of $11.46 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.02 and a beta of 1.04. Sirius XM has a 1-year low of $2.96 and a 1-year high of $7.95.

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

Insider Activity at Sirius XM

In related news, Director James E. Meyer sold 800,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now directly owns 746,816 shares in the company, valued at approximately $3,659,398.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the sale, the director now owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sirius XM

Several institutional investors and hedge funds have recently bought and sold shares of the business. GM Advisory Group LLC raised its stake in Sirius XM by 10.0% during the fourth quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after buying an additional 2,000 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Sirius XM by 20.5% in the fourth quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock worth $69,000 after acquiring an additional 2,139 shares during the period. D.A. Davidson & CO. lifted its position in shares of Sirius XM by 14.8% in the fourth quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock worth $93,000 after buying an additional 2,183 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Sirius XM by 0.6% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock worth $2,123,000 after buying an additional 2,300 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC lifted its position in shares of Sirius XM by 9.6% in the third quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company’s stock worth $124,000 after buying an additional 2,420 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Company Profile

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.