Analysts Set Sirius XM Holdings Inc. (NASDAQ:SIRI) PT at $26.70

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $26.70.

A number of analysts have issued reports on the stock. Guggenheim reiterated a “buy” rating and issued a $29.00 target price on shares of Sirius XM in a research note on Thursday, June 26th. Morgan Stanley raised their price target on shares of Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company reduced their price objective on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, August 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Sirius XM in a research report on Saturday, September 27th. Finally, Barrington Research restated an “outperform” rating and set a $28.00 target price on shares of Sirius XM in a report on Friday, August 1st.

Hedge Funds Weigh In On Sirius XM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIRI. AQR Capital Management LLC raised its position in shares of Sirius XM by 165.2% in the second quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after purchasing an additional 3,233,922 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Sirius XM by 661.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,577,176 shares of the company’s stock valued at $80,630,000 after buying an additional 3,107,313 shares during the last quarter. LSV Asset Management raised its holdings in Sirius XM by 41.5% in the 1st quarter. LSV Asset Management now owns 3,197,800 shares of the company’s stock worth $72,094,000 after acquiring an additional 937,500 shares during the period. Ameriprise Financial Inc. raised its holdings in Sirius XM by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,515,519 shares of the company’s stock worth $57,781,000 after acquiring an additional 170,155 shares during the period. Finally, Seizert Capital Partners LLC lifted its position in Sirius XM by 0.5% during the 1st quarter. Seizert Capital Partners LLC now owns 2,281,165 shares of the company’s stock worth $51,429,000 after acquiring an additional 11,549 shares during the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM Stock Performance

Shares of NASDAQ SIRI opened at $22.74 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.41 and a quick ratio of 0.41. Sirius XM has a one year low of $18.69 and a one year high of $29.18. The business’s 50-day moving average price is $22.83 and its two-hundred day moving average price is $22.37. The company has a market capitalization of $7.66 billion, a P/E ratio of -3.37, a price-to-earnings-growth ratio of 0.35 and a beta of 0.93.

Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. Analysts anticipate that Sirius XM will post 3.2 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Friday, August 8th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, August 8th. Sirius XM’s payout ratio is -16.00%.

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.