Share on StockTwits

Sirius XM Holdings (NASDAQ:SIRI)‘s stock had its “hold” rating restated by equities researchers at Wunderlich in a research report issued on Tuesday, Analyst Ratings.Net reports. They currently have a $3.50 price target on the stock. Wunderlich’s price objective suggests a potential upside of 9.37% from the stock’s previous close.

Shares of Sirius XM Holdings (NASDAQ:SIRI) opened at 3.20 on Tuesday. Sirius XM Holdings has a 52-week low of $2.98 and a 52-week high of $4.18. The stock’s 50-day moving average is $3.17 and its 200-day moving average is $3.49. The company has a market cap of $19.308 billion and a price-to-earnings ratio of 57.14. Sirius XM Holdings also was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 215,116,208 shares, a drop of 7.9% from the April 15th total of 233,456,766 shares. Currently, 7.6% of the shares of the company are sold short. Based on an average daily trading volume, of 57,010,482 shares, the short-interest ratio is currently 3.8 days.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $994.93 million. During the same quarter last year, the company posted $0.02 earnings per share. Sirius XM Holdings’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Sirius XM Holdings will post $0.09 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Sirius XM Holdings from $4.00 to $3.50 in a research note on Monday, April 28th. Separately, analysts at TheStreet downgraded shares of Sirius XM Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, analysts at Buckingham Research initiated coverage on shares of Sirius XM Holdings in a research note on Thursday, April 10th. They set a “buy” rating and a $4.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $4.25.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.