Media headlines about Sirius XM (NASDAQ:SIRI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sirius XM earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.7786286545058 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Tiesto, Steve Aoki, Kaskade & More Pay Tribute to Avicii on SiriusXM BPM: Listen (billboard.com)
- Sirius XM (SIRI) Lowered to Buy at Vetr (americanbankingnews.com)
- Prom Radio launches on SiriusXM just in time for prom season (abc7chicago.com)
- Carrie Underwood Talks Injuries, Emotional Recovery in SiriusXM Interview (msn.com)
- Radio Broadcasters Stocks’ Research Reports Released on Entercom Communications, Pandora Media, Sirius XM, and Liberty SiriusXM (bizjournals.com)
Sirius XM stock traded down $0.03 during midday trading on Friday, hitting $6.31. 14,045,350 shares of the company’s stock were exchanged, compared to its average volume of 14,396,813. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16. Sirius XM has a 12 month low of $4.73 and a 12 month high of $6.62. The stock has a market cap of $28,478.42, a price-to-earnings ratio of 31.55, a PEG ratio of 1.78 and a beta of 1.11.
Sirius XM declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 23rd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of research analysts have weighed in on SIRI shares. Buckingham Research started coverage on shares of Sirius XM in a research report on Friday, January 19th. They set a “buy” rating and a $6.50 price objective on the stock. BidaskClub upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, March 28th. ValuEngine upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Finally, Royal Bank of Canada set a $6.00 price target on shares of Sirius XM and gave the stock a “hold” rating in a report on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Sirius XM has a consensus rating of “Buy” and a consensus price target of $6.21.
In other Sirius XM news, VP Thomas D. Barry sold 175,777 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $6.11, for a total transaction of $1,073,997.47. Following the transaction, the vice president now directly owns 551,815 shares in the company, valued at approximately $3,371,589.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph A. Verbrugge sold 863,570 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.10, for a total transaction of $5,267,777.00. Following the transaction, the executive vice president now owns 2,986,689 shares in the company, valued at $18,218,802.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,113,308 shares of company stock worth $6,822,521. 1.06% of the stock is owned by company insiders.
Sirius XM Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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