Sirius XM (NASDAQ:SIRI) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Sirius XM (NASDAQ:SIRI) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the stock.

SIRI has been the subject of several other reports. Guggenheim assumed coverage on shares of Sirius XM in a research note on Thursday, March 14th. They set a “neutral” rating and a $4.00 target price for the company. Benchmark cut their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Citigroup raised shares of Sirius XM from a “sell” rating to a “neutral” rating and cut their target price for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. Pivotal Research raised shares of Sirius XM from a “hold” rating to a “buy” rating and cut their target price for the company from $5.05 to $4.90 in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company cut their target price on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.67.

Sirius XM Stock Performance

NASDAQ SIRI opened at $3.02 on Monday. Sirius XM has a 52 week low of $2.97 and a 52 week high of $7.95. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.02 and a beta of 1.04. The company has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $4.60.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, February 1st. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion. As a group, equities research analysts expect that Sirius XM will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director James E. Meyer sold 800,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the transaction, the director now owns 1,091,472 shares in the company, valued at approximately $5,370,042.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Joseph A. Inzerillo sold 107,611 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $4.90, for a total transaction of $527,293.90. Following the transaction, the insider now owns 746,816 shares in the company, valued at approximately $3,659,398.40. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GM Advisory Group LLC boosted its position in shares of Sirius XM by 10.0% during the 4th quarter. GM Advisory Group LLC now owns 22,003 shares of the company’s stock valued at $120,000 after acquiring an additional 2,000 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Sirius XM by 20.5% during the 4th quarter. Lindbrook Capital LLC now owns 12,559 shares of the company’s stock valued at $69,000 after acquiring an additional 2,139 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Sirius XM by 14.8% during the 4th quarter. D.A. Davidson & CO. now owns 16,949 shares of the company’s stock valued at $93,000 after acquiring an additional 2,183 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Sirius XM by 0.6% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 388,200 shares of the company’s stock valued at $2,123,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC boosted its position in shares of Sirius XM by 9.6% during the 3rd quarter. Fi3 FINANCIAL ADVISORS LLC now owns 27,518 shares of the company’s stock valued at $124,000 after acquiring an additional 2,420 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.