Sirius XM (NASDAQ:SIRI) had its price target hoisted by investment analysts at Barclays from $4.50 to $5.00 in a research note issued to investors on Thursday. The firm presently has an “equal weight” rating on the stock. Barclays’ target price points to a potential downside of 18.17% from the stock’s current price.
SIRI has been the subject of a number of other reports. Gabelli upped their target price on Sirius XM from $4.75 to $6.10 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded Sirius XM from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. Zacks Investment Research downgraded Sirius XM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Bank of America set a $7.00 target price on Sirius XM and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, Piper Jaffray Companies set a $7.00 target price on Sirius XM and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $6.02.
Sirius XM (NASDAQ SIRI) remained flat at $$6.11 on Thursday. The company had a trading volume of 17,692,799 shares, compared to its average volume of 22,850,000. The stock has a market capitalization of $27,450.00, a price-to-earnings ratio of 43.64, a P/E/G ratio of 1.37 and a beta of 1.12. The company has a quick ratio of 0.18, a current ratio of 0.19 and a debt-to-equity ratio of -6.41. Sirius XM has a 52-week low of $4.67 and a 52-week high of $6.28.
In other Sirius XM news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at approximately $19,181,842.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the sale, the executive vice president now directly owns 227,430 shares in the company, valued at $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Scotia Capital Inc. raised its stake in Sirius XM by 0.8% during the 2nd quarter. Scotia Capital Inc. now owns 25,494 shares of the company’s stock valued at $139,000 after purchasing an additional 206 shares during the period. Toronto Dominion Bank raised its stake in Sirius XM by 9.7% during the 2nd quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock valued at $111,000 after purchasing an additional 1,799 shares during the period. PNC Financial Services Group Inc. raised its stake in Sirius XM by 1.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 113,475 shares of the company’s stock valued at $621,000 after purchasing an additional 1,828 shares during the period. Stifel Financial Corp raised its stake in Sirius XM by 6.0% during the 2nd quarter. Stifel Financial Corp now owns 98,209 shares of the company’s stock valued at $538,000 after purchasing an additional 5,563 shares during the period. Finally, M&T Bank Corp raised its stake in Sirius XM by 5.4% during the 2nd quarter. M&T Bank Corp now owns 142,713 shares of the company’s stock valued at $781,000 after purchasing an additional 7,311 shares during the period. 19.62% of the stock is currently owned by institutional investors.
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About Sirius XM
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.
