Investors Buy High Volume of Call Options on Sirius XM Radio (SIRI)
Shares of Sirius XM Radio (NASDAQ:SIRI) was the target of unusually large options trading activity on Friday. Traders acquired 12,278 call options on the stock, Stock Ratings Network reports. This is an increase of approximately 150% compared to the typical volume of 4,920 call options.
A number of analysts have recently weighed in on SIRI shares. Analysts at Evercore Partners upgraded shares of Sirius XM Radio from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. They now have a $4.50 price target on the stock, up previously from $3.90. They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Radio in a research note to investors on Monday, December 23rd. They now have a $3.75 price target on the stock. Finally, analysts at Wunderlich upgraded shares of Sirius XM Radio from a “hold” rating to a “buy” rating in a research note to investors on Thursday, December 19th. They now have a $4.20 price target on the stock, down previously from $4.50. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $4.32.
Shares of Sirius XM Radio (NASDAQ:SIRI) opened at 3.57 on Monday. Sirius XM Radio has a 52 week low of $2.95 and a 52 week high of $4.18. The stock’s 50-day moving average is $3.60 and its 200-day moving average is $3.69. The company has a market cap of $21.904 billion and a P/E ratio of 47.95.
Sirius XM Radio (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $969.49 million. During the same quarter last year, the company posted $0.01 earnings per share. Sirius XM Radio’s revenue was up 10.8% compared to the same quarter last year. On average, analysts predict that Sirius XM Radio will post $0.07 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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