Sirius XM (NASDAQ:SIRI) had its price target hoisted by research analysts at Goldman Sachs Group from $5.00 to $5.50 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Goldman Sachs Group’s price target suggests a potential downside of 10.42% from the stock’s previous close.
A number of other research analysts have also issued reports on the company. Bank of America set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a report on Thursday, October 12th. Pivotal Research reiterated a “buy” rating and issued a $6.80 target price (up from $6.25) on shares of Sirius XM in a report on Wednesday, October 25th. Piper Jaffray Companies set a $7.00 target price on Sirius XM and gave the company a “buy” rating in a report on Wednesday, October 11th. Gabelli lifted their target price on Sirius XM from $4.75 to $6.10 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded Sirius XM from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $6.12.
Sirius XM (NASDAQ:SIRI) traded up $0.03 on Monday, hitting $6.14. The stock had a trading volume of 2,276,722 shares, compared to its average volume of 23,586,027. Sirius XM has a 1-year low of $4.67 and a 1-year high of $6.28. The stock has a market capitalization of $27,445.29, a price-to-earnings ratio of 47.43, a P/E/G ratio of 1.76 and a beta of 1.17. The company has a debt-to-equity ratio of -4.42, a quick ratio of 0.16 and a current ratio of 0.17.
In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of Sirius XM stock in a transaction dated Tuesday, December 5th. The stock was 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 owns 227,430 shares in the company, valued at $1,296,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James E. Meyer sold 172,704 shares of Sirius XM stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The disclosure for this sale can be found here. 1.06% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Sirius XM by 27.6% during the fourth quarter. American Century Companies Inc. now owns 44,612,437 shares of the company’s stock worth $239,123,000 after purchasing an additional 9,657,090 shares in the last quarter. Eagle Asset Management Inc. increased its position in shares of Sirius XM by 4.0% during the third quarter. Eagle Asset Management Inc. now owns 13,785,317 shares of the company’s stock worth $75,819,000 after purchasing an additional 526,766 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Sirius XM by 18.1% during the fourth quarter. APG Asset Management N.V. now owns 13,210,562 shares of the company’s stock worth $58,968,000 after purchasing an additional 2,024,500 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Sirius XM by 3,767.6% during the second quarter. Janus Henderson Group PLC now owns 9,132,334 shares of the company’s stock worth $49,953,000 after purchasing an additional 8,896,209 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Sirius XM by 13.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,370,146 shares of the company’s stock worth $34,143,000 after purchasing an additional 777,414 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.
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.
