Sirius XM (NASDAQ:SIRI) Rating Reiterated by Barrington Research

Sirius XM (NASDAQ:SIRI)‘s stock had its “outperform” rating restated by stock analysts at Barrington Research in a report issued on Tuesday, Benzinga reports. They presently have a $5.75 target price on the stock. Barrington Research’s target price points to a potential upside of 88.52% from the company’s previous close.

Several other research firms have also recently issued reports on SIRI. Guggenheim initiated 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 on the stock. Benchmark lowered their target price on shares of Sirius XM from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Citigroup upgraded shares of Sirius XM from a “sell” rating to a “neutral” rating and lowered their target price for the company from $4.10 to $3.30 in a research note on Wednesday, April 24th. Wells Fargo & Company lowered their target price on shares of Sirius XM from $4.50 to $3.00 and set an “underweight” rating on the stock in a research note on Monday, April 1st. Finally, Seaport Res Ptn upgraded shares of Sirius XM from a “neutral” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.42.

Sirius XM Price Performance

Shares of Sirius XM stock opened at $3.05 on Tuesday. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 1.08 and a beta of 1.04. The firm’s 50-day moving average is $3.75 and its 200 day moving average is $4.57. Sirius XM has a 1 year low of $2.92 and a 1 year high of $7.95.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Sirius XM had a net margin of 14.05% and a negative return on equity of 42.54%. Sirius XM’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities analysts expect that Sirius XM will post 0.29 EPS for the current fiscal year.

Insider Transactions at Sirius XM

In related news, Director James E. Meyer sold 800,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $4.92, for a total value of $3,936,000.00. Following the completion of the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at approximately $5,370,042.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Joseph A. Inzerillo sold 107,611 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $4.90, for a total value of $527,293.90. Following the completion of the sale, the insider now directly owns 746,816 shares of the company’s stock, valued at approximately $3,659,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Meyer sold 800,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $4.92, for a total transaction of $3,936,000.00. Following the completion of the sale, the director now directly owns 1,091,472 shares of the company’s stock, valued at $5,370,042.24. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GM Advisory Group LLC grew its holdings in 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 buying an additional 2,000 shares in the last quarter. Lindbrook Capital LLC grew its holdings in 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 buying an additional 2,139 shares in the last quarter. D.A. Davidson & CO. grew its holdings in 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 buying an additional 2,183 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in 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 buying an additional 2,300 shares in the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC grew its holdings in 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 buying an additional 2,420 shares in the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

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.