Sirius XM (SIRI) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Sirius XM (NASDAQ: SIRI):

• 10/24/2024 – Sirius XM had its “underperform” rating reaffirmed by analysts at Bank of America Co.. They now have a $23.00 price target on the stock.
• 10/20/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/15/2024 – Sirius XM had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $43.00 price target on the stock.
• 10/12/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/9/2024 – Sirius XM is now covered by analysts at JPMorgan Chase & Co.. They set an “underweight” rating and a $20.00 price target on the stock.
• 10/8/2024 – Sirius XM had its price target lowered by analysts at Benchmark Co. from $65.00 to $43.00. They now have a “buy” rating on the stock.
• 10/4/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/26/2024 – Sirius XM had its price target raised by analysts at Citigroup Inc. from $2.80 to $21.00. They now have a “sell” rating on the stock.
• 9/26/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/24/2024 – Sirius XM had its “underweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $23.00 price target on the stock.
• 9/18/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 9/18/2024 – Sirius XM was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $30.00 price target on the stock.
• 9/17/2024 – Sirius XM had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $32.50 to $26.00. They now have a “neutral” rating on the stock.
• 9/16/2024 – Sirius XM had its price target raised by analysts at Rosenblatt Securities from $3.40 to $28.00. They now have a “neutral” rating on the stock.

Sirius XM Price Performance

Shares of NASDAQ SIRI traded down $0.40 during mid-day trading on Thursday, reaching $26.41. 1,891,908 shares of the company’s stock traded hands, compared to its average volume of 3,338,756. Sirius XM Holdings Inc. has a 1-year low of $22.18 and a 1-year high of $57.80. The stock has a market cap of $101.59 billion, a P/E ratio of 80.03, a PEG ratio of 0.73 and a beta of 1.07. The business has a 50-day simple moving average of $27.12 and a 200 day simple moving average of $29.65.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.80 EPS for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.20 billion. Sirius XM had a negative return on equity of 52.15% and a net margin of 14.56%. Equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.25 earnings per share for the current fiscal year.

Sirius XM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a yield of 4.09%. Sirius XM’s dividend payout ratio (DPR) is 321.21%.

Insiders Place Their Bets

In other Sirius XM news, major shareholder Berkshire Hathaway Inc bought 869,800 shares of Sirius XM stock in a transaction dated Wednesday, October 9th. The stock was bought at an average cost of $23.55 per share, with a total value of $20,483,790.00. Following the completion of the acquisition, the insider now directly owns 106,024,829 shares in the company, valued at approximately $2,496,884,722.95. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Scott Andrew Greenstein sold 144,723 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $31.60, for a total value of $4,573,246.80. Following the transaction, the insider now owns 98,933 shares in the company, valued at approximately $3,126,282.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Berkshire Hathaway Inc bought 869,800 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was purchased at an average cost of $23.55 per share, with a total value of $20,483,790.00. Following the completion of the transaction, the insider now directly owns 106,024,829 shares of the company’s stock, valued at approximately $2,496,884,722.95. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 2,646,761 shares of company stock valued at $65,952,329 in the last three months. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SIRI. Coston McIsaac & Partners lifted its holdings in Sirius XM by 113.5% during the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Mather Group LLC. bought a new position in Sirius XM in the 2nd quarter worth approximately $28,000. Walker Asset Management LLC bought a new position in Sirius XM in the 2nd quarter worth approximately $33,000. Plato Investment Management Ltd bought a new stake in Sirius XM during the 2nd quarter valued at $35,000. Finally, Riverview Capital Advisers LLC purchased a new stake in shares of Sirius XM during the second quarter worth $35,000. Institutional investors own 10.69% of the company’s stock.

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.