Sirius XM (NASDAQ:SIRI) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Sirius XM (NASDAQ:SIRI) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

A number of other equities analysts have also recently issued reports on SIRI. Pivotal Research upgraded Sirius XM from a “hold” rating to a “buy” rating and cut their price objective for the stock from $5.05 to $4.90 in a report on Wednesday, April 24th. Wells Fargo & Company lowered their target price on Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Citigroup raised Sirius XM from a “sell” rating to a “neutral” rating and lowered their price target for the company from $4.10 to $3.30 in a research report on Wednesday, April 24th. Benchmark lowered their price target on Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Finally, Guggenheim assumed coverage on Sirius XM in a research report on Thursday, March 14th. They set a “neutral” rating and a $4.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.75.

Sirius XM Stock Down 7.3 %

Sirius XM stock opened at $2.94 on Monday. Sirius XM has a 52 week low of $2.92 and a 52 week high of $7.95. The business has a 50-day simple moving average of $3.78 and a 200 day simple moving average of $4.58. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 1.02 and a beta of 1.04.

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

Insider Buying and Selling

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

Institutional Trading of Sirius XM

Several institutional investors have recently added to or reduced their stakes in the business. GM Advisory Group LLC boosted its stake in Sirius XM by 10.0% during the 4th quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after purchasing an additional 2,000 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Sirius XM by 20.5% during the 4th quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock valued at $69,000 after buying an additional 2,139 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Sirius XM by 14.8% during the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after buying an additional 2,183 shares during the period. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Sirius XM by 0.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock valued at $2,123,000 after buying an additional 2,300 shares during the period. Finally, Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of Sirius XM by 9.6% during the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company’s stock valued at $124,000 after buying an additional 2,420 shares during the period. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

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.