Sirius XM Holdings Inc. (NASDAQ:SIRI)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a report issued on Friday. They presently have a $4.85 target price on the stock. Macquarie’s price objective would suggest a potential upside of 16.45% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. Telsey Advisory Group started coverage on Sirius XM Holdings in a report on Tuesday, July 12th. They issued a “market perform” rating and a $4.59 price target on the stock. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Citigroup Inc. raised their price target on Sirius XM Holdings from $4.50 to $4.85 and gave the company a “buy” rating in a report on Thursday, August 18th. Wunderlich reaffirmed a “buy” rating and issued a $5.00 price target on shares of Sirius XM Holdings in a report on Sunday, September 4th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $5.00 price target (up previously from $4.25) on shares of Sirius XM Holdings in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Sirius XM Holdings presently has an average rating of “Hold” and a consensus price target of $4.72.
Sirius XM Holdings (NASDAQ:SIRI) opened at 4.165 on Friday. The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of 34.708 and a beta of 1.41. Sirius XM Holdings has a 1-year low of $3.29 and a 1-year high of $4.44. The company has a 50 day moving average price of $4.17 and a 200-day moving average price of $4.04.
Sirius XM Holdings (NASDAQ:SIRI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Sirius XM Holdings had a negative return on equity of 179.05% and a net margin of 13.44%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. On average, analysts forecast that Sirius XM Holdings will post $0.14 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Sirius XM Holdings during the fourth quarter worth approximately $69,421,000. Commonwealth Equity Services Inc boosted its position in Sirius XM Holdings by 7.5% in the first quarter. Commonwealth Equity Services Inc now owns 992,948 shares of the company’s stock worth $3,922,000 after buying an additional 69,077 shares during the last quarter. Aperio Group LLC boosted its position in Sirius XM Holdings by 3.2% in the first quarter. Aperio Group LLC now owns 399,288 shares of the company’s stock worth $1,577,000 after buying an additional 12,466 shares during the last quarter. IFP Advisors Inc boosted its position in Sirius XM Holdings by 6.0% in the first quarter. IFP Advisors Inc now owns 130,179 shares of the company’s stock worth $514,000 after buying an additional 7,342 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its position in Sirius XM Holdings by 15.6% in the first quarter. Ngam Advisors L.P. now owns 68,182 shares of the company’s stock worth $269,000 after buying an additional 9,214 shares during the last quarter. Institutional investors own 20.82% of the company’s stock.
About Sirius XM Holdings
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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