Sirius XM Holdings Inc. (NASDAQ:SIRI) Receives $26.96 Average Price Target from Analysts

Sirius XM Holdings Inc. (NASDAQ:SIRI) has received an average rating of “Reduce” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.81.

SIRI has been the subject of a number of research reports. Pivotal Research decreased their price target on Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Morgan Stanley dropped their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their target price on Sirius XM from $22.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 19th. StockNews.com began coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Guggenheim reduced their price objective on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SIRI. Xponance Inc. boosted its stake in Sirius XM by 4.5% during the 4th quarter. Xponance Inc. now owns 12,341 shares of the company’s stock valued at $281,000 after purchasing an additional 527 shares in the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after buying an additional 624 shares during the period. PNC Financial Services Group Inc. boosted its stake in Sirius XM by 4.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,856 shares of the company’s stock valued at $339,000 after buying an additional 630 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in Sirius XM by 4.3% during the fourth quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after acquiring an additional 643 shares during the period. Finally, Proficio Capital Partners LLC grew its holdings in Sirius XM by 5.9% during the fourth quarter. Proficio Capital Partners LLC now owns 14,258 shares of the company’s stock worth $325,000 after acquiring an additional 791 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Performance

Shares of SIRI stock opened at $24.75 on Monday. The company’s fifty day moving average price is $23.34 and its two-hundred day moving average price is $25.75. 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 firm has a market capitalization of $8.38 billion, a P/E ratio of -3.86, a P/E/G ratio of 0.79 and a beta of 1.06. Sirius XM has a 12 month low of $20.47 and a 12 month high of $48.00.

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, research analysts anticipate that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Friday, February 7th. Sirius XM’s dividend payout ratio is currently -16.85%.

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.