Sirius XM Holdings Inc. (NASDAQ:SIRI) Upgraded at Vetr Inc.
Sirius XM Holdings Inc. (NASDAQ:SIRI) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage currently has a $6.06 price objective on the stock. Vetr‘s target price indicates a potential upside of 12.64% from the stock’s previous close.
A number of other research analysts also recently commented on SIRI. Macquarie restated an “outperform” rating and issued a $5.85 target price on shares of Sirius XM Holdings in a research note on Thursday, April 13th. Morgan Stanley downgraded Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 target price on the stock. in a research note on Wednesday, April 19th. Barclays PLC restated an “underweight” rating and issued a $4.50 target price (down previously from $4.90) on shares of Sirius XM Holdings in a research note on Monday, May 1st. Bank of America Corporation restated a “buy” rating and issued a $5.50 target price on shares of Sirius XM Holdings in a research note on Friday, June 16th. Finally, BidaskClub upgraded Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.25.
Sirius XM Holdings (SIRI) traded down 1.65% during trading on Monday, hitting $5.38. The stock had a trading volume of 24,112,167 shares. Sirius XM Holdings has a 1-year low of $4.05 and a 1-year high of $5.53. The firm’s 50 day moving average is $5.34 and its 200 day moving average is $5.07. The firm has a market cap of $25.10 billion, a price-to-earnings ratio of 33.62 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last issued its earnings results on Thursday, April 27th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. Sirius XM Holdings had a negative return on equity of 104.00% and a net margin of 15.24%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Sirius XM Holdings will post $0.18 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Sirius XM Holdings by 3,534.6% in the first quarter. BlackRock Inc. now owns 82,131,614 shares of the company’s stock valued at $422,980,000 after buying an additional 79,871,880 shares in the last quarter. Norges Bank acquired a new position in Sirius XM Holdings during the fourth quarter valued at $94,189,000. Victory Capital Management Inc. boosted its position in Sirius XM Holdings by 6,232.1% in the third quarter. Victory Capital Management Inc. now owns 15,325,778 shares of the company’s stock valued at $63,908,000 after buying an additional 15,083,746 shares in the last quarter. Eagle Asset Management boosted its position in Sirius XM Holdings by 125.0% in the third quarter. Eagle Asset Management now owns 20,217,564 shares of the company’s stock valued at $75,612,000 after buying an additional 11,233,562 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. acquired a new position in Sirius XM Holdings during the first quarter valued at $55,871,000. 22.15% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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