Sirius XM (NASDAQ:SIRI) had its target price upped by research analysts at Buckingham Research from $6.50 to $7.00 in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Buckingham Research’s price objective indicates a potential upside of 14.57% from the company’s previous close.
Several other brokerages have also issued reports on SIRI. Barclays boosted their target price on Sirius XM from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday. Zacks Investment Research lowered Sirius XM from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded Sirius XM from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. Bank of America set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Piper Jaffray Companies set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.05.
Shares of Sirius XM (SIRI) remained flat at $$6.11 during trading on Friday. The company’s stock had a trading volume of 20,630,000 shares, compared to its average volume of 22,350,000. The firm has a market capitalization of $27,450.00, a P/E ratio of 43.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.17. Sirius XM has a twelve month low of $4.67 and a twelve month high of $6.28. The company has a debt-to-equity ratio of -4.42, a current ratio of 0.17 and a quick ratio of 0.18.
In related news, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the completion of the transaction, the chief executive officer now directly owns 3,377,085 shares in the company, valued at $19,181,842.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the transaction, the executive vice president now owns 227,430 shares of the company’s stock, valued at $1,296,351. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. grew its position in Sirius XM by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after buying an additional 15,200 shares in the last quarter. Colony Group LLC purchased a new position in Sirius XM during the second quarter worth about $102,000. Toronto Dominion Bank grew its position in Sirius XM by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after buying an additional 1,799 shares in the last quarter. Kalos Management Inc. purchased a new position in Sirius XM during the third quarter worth about $114,000. Finally, Cornerstone Financial Partners LLC purchased a new position in Sirius XM during the fourth quarter worth about $113,000. Institutional investors and hedge funds own 19.62% of the company’s stock.
Sirius XM Company Profile
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.
