Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given a $7.00 target price by stock analysts at Bank of America Corporation in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Bank of America Corporation’s price target would suggest a potential upside of 22.38% from the stock’s current price.

SIRI has been the subject of several other research reports. Vetr raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating and set a $6.28 target price for the company in a research note on Tuesday, June 20th. KeyCorp reaffirmed a “hold” rating on shares of Sirius XM Holdings in a research note on Friday, August 25th. Zacks Investment Research cut Sirius XM Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. BidaskClub raised Sirius XM Holdings from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Finally, Piper Jaffray Companies set a $7.00 target price on Sirius XM Holdings and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $5.92.

Sirius XM Holdings (NASDAQ SIRI) traded up 0.612% during trading on Thursday, hitting $5.755. The stock had a trading volume of 10,562,483 shares. The stock has a 50 day moving average of $5.57 and a 200 day moving average of $5.34. Sirius XM Holdings has a one year low of $4.05 and a one year high of $5.89. The firm has a market capitalization of $26.55 billion, a P/E ratio of 33.853 and a beta of 1.07.

Sirius XM Holdings (NASDAQ:SIRI) last released its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts expect that Sirius XM Holdings will post $0.18 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings 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 worth $422,980,000 after acquiring an additional 79,871,880 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Sirius XM Holdings by 1.2% in the second quarter. Vanguard Group Inc. now owns 78,433,991 shares of the company’s stock valued at $429,035,000 after purchasing an additional 957,278 shares in the last quarter. FMR LLC lifted its holdings in shares of Sirius XM Holdings by 3.8% in the second quarter. FMR LLC now owns 43,576,316 shares of the company’s stock valued at $238,362,000 after purchasing an additional 1,614,259 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sirius XM Holdings by 119.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 34,373,843 shares of the company’s stock valued at $188,025,000 after purchasing an additional 18,694,885 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Sirius XM Holdings by 22.5% in the second quarter. Eagle Asset Management Inc. now owns 13,258,551 shares of the company’s stock valued at $72,524,000 after purchasing an additional 2,436,197 shares in the last quarter. Institutional investors and hedge funds own 20.31% of the company’s stock.

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.

Analyst Recommendations for Sirius XM Holdings (NASDAQ:SIRI)

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