Sirius XM Radio Sees Unusually High Options Volume (SIRI)
Sirius XM Radio (NASDAQ:SIRI) saw unusually large options trading activity on Wednesday. Traders purchased 38,409 put options on the company, Analyst Ratings News reports. This represents an increase of 1,108% compared to the typical daily volume of 3,180 put options.
A number of research firms have recently commented on SIRI. Analysts at FBR Capital Markets initiated coverage on shares of Sirius XM Radio in a research note to investors on Wednesday. They set an “outperform” rating and a $5.50 price target on the stock. Separately, analysts at Maxim Group reiterated a “buy” rating on shares of Sirius XM Radio in a research note to investors on Tuesday. They now have a $5.80 price target on the stock, up previously from $4.60. Finally, analysts at Piper Jaffray Cos. raised their EPS on shares of Sirius XM Radio in a research note to investors on Thursday, September 26th. They now have an “overweight” rating and a $5.00 price target on the stock. They previously had a $4.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Sirius XM Radio presently has an average rating of “Buy” and an average target price of $4.51.
Sirius XM Radio (NASDAQ:SIRI) traded down 1.70% on Wednesday, hitting $4.055. 53,069,052 shares of the company’s stock traded hands. Sirius XM Radio has a one year low of $2.33 and a one year high of $3.88. The stock has a 50-day moving average of $3.7 and a 200-day moving average of $3.4. The company has a market cap of $25.179 billion and a price-to-earnings ratio of 55.00.
Sirius XM Radio (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $838.00 million for the quarter, compared to the consensus estimate of $934.40 million. During the same quarter last year, the company posted $0.48 earnings per share. Sirius XM Radio’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that Sirius XM Radio will post $0.09 earnings per share for the current fiscal year.
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.
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