Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have earned an average rating of “Buy” from the twenty-one brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, eleven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $6.16.
SIRI has been the topic of several recent analyst reports. Goldman Sachs raised their target price on Sirius XM from $5.00 to $5.50 and gave the stock a “buy” rating in a research note on Monday, February 5th. Buckingham Research lifted their price objective on Sirius XM from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Sirius XM from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research report on Wednesday, January 24th. Deutsche Bank raised Sirius XM from a “hold” rating to a “buy” rating and lifted their price objective for the company from $5.25 to $6.50 in a research report on Friday, January 19th. Finally, BidaskClub raised Sirius XM from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th.
In other news, Director Joan Lordi Amble sold 73,961 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $6.50, for a total value of $480,746.50. Following the sale, the director now directly owns 101,174 shares of the company’s stock, valued at approximately $657,631. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas D. Barry sold 175,777 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $6.11, for a total value of $1,073,997.47. Following the completion of the sale, the vice president now directly owns 551,815 shares in the company, valued at $3,371,589.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,113,308 shares of company stock worth $6,822,521. Insiders own 1.06% of the company’s stock.
Shares of NASDAQ SIRI traded down $0.02 during trading hours on Wednesday, hitting $6.25. The company’s stock had a trading volume of 21,009,071 shares, compared to its average volume of 19,990,555. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.16. The stock has a market capitalization of $28,433.50, a PE ratio of 31.25, a PEG ratio of 1.78 and a beta of 1.11. Sirius XM has a 12 month low of $4.73 and a 12 month high of $6.62.
Sirius XM (NASDAQ:SIRI) last posted its earnings results on Wednesday, January 31st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. equities research analysts anticipate that Sirius XM will post 0.24 earnings per share for the current year.
Sirius XM announced that its Board of Directors has approved a share repurchase program on Tuesday, January 23rd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
About Sirius XM
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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