Share on StockTwits

Equities researchers at Pivotal Research hoisted their price objective on shares of Sirius XM Holdings (NASDAQ:SIRI) from $3.75 to $4.25 in a research report issued on Tuesday. Pivotal Research’s target price suggests a potential upside of 25.18% from the stock’s previous close.

A number of other analysts have also recently weighed in on SIRI. Analysts at Citigroup Inc. initiated coverage on shares of Sirius XM Holdings in a research note on Tuesday, July 1st. They set an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sirius XM Holdings in a research note on Tuesday, July 1st. They now have a $3.75 price target on the stock. Finally, analysts at TheStreet upgraded shares of Sirius XM Holdings from a “hold” rating to a “buy” rating in a research note on Monday, May 26th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Sirius XM Holdings has a consensus rating of “Buy” and an average price target of $4.20.

Sirius XM Holdings (NASDAQ:SIRI) remained flat at $3.395 during during mid-day trading trading on Tuesday. The stock had a trading volume of 2,687,796 shares. Sirius XM Holdings has a one year low of $2.98 and a one year high of $4.18. The stock has a 50-day moving average of $3.37 and a 200-day moving average of $3.39. The company has a market cap of $20.485 billion and a price-to-earnings ratio of 60.62. Sirius XM Holdings also was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 318,200,825 shares, an increase of 0.8% from the June 13th total of 315,534,384 shares. Based on an average daily trading volume, of 55,068,124 shares, the days-to-cover ratio is currently 5.8 days. Approximately 11.5% of the shares of the company are short sold.

Sirius XM Holdings (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. Analysts expect that Sirius XM Holdings will post $0.09 EPS 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.

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.