Sirius XM (NASDAQ:SIRI) Sets New 52-Week High After Analyst Upgrade

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) hit a new 52-week high during mid-day trading on Monday after Wells Fargo & Company upgraded the stock from an underweight rating to an equal weight rating. Wells Fargo & Company now has a $30.00 price target on the stock. Sirius XM traded as high as $31.48 and last traded at $31.4190, with a volume of 1248365 shares. The stock had previously closed at $29.80.

SIRI has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Morgan Stanley lifted their price target on Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Barrington Research boosted their price objective on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Citigroup reissued a “sell” rating and issued a $22.00 price objective (up from $19.00) on shares of Sirius XM in a report on Monday, May 4th. Finally, Guggenheim restated a “buy” rating on shares of Sirius XM in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Sirius XM has an average rating of “Hold” and a consensus price target of $29.09.

Insider Buying and Selling at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the transaction, the insider owned 20,163 shares of the company’s stock, valued at $601,462.29. This trade represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.27% of the company’s stock.

Trending Headlines about Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $45 price target, implying substantial potential upside. The bullish view adds support to the recent rally. Benzinga
• Positive Sentiment: Wells Fargo upgraded Sirius XM from Underweight to Equal Weight and raised its price target from $18 to $30. The firm said it had previously missed a major revaluation of Sirius XM’s spectrum, increasing its estimated value from approximately $1 billion to $5 billion. This was the key catalyst behind the recent share-price strength. Sirius XM Stock Trades Up, Here Is Why
• Neutral Sentiment: Wall Street estimates for Sirius XM’s second quarter, ended June 2026, are being reviewed ahead of results. Analysts are focusing on operating metrics beyond revenue and earnings, but the article does not provide actual results or a clear estimate revision, making this more of a watch item than a current catalyst. Curious about Sirius XM Q2 Performance
• Neutral Sentiment: The broader analyst consensus is approximately Hold, indicating that optimism about the spectrum asset is offset by concerns about Sirius XM’s mature subscription business and limited growth profile. Sirius XM Receives Average Hold Recommendation
• Negative Sentiment: Although Wells Fargo’s upgrade reduced bearish pressure, its $30 price target is below the stock’s recent trading level. That valuation gap could limit near-term upside unless the company’s second-quarter results or additional analyst actions provide stronger support.

Institutional Trading of Sirius XM

Hedge funds have recently added to or reduced their stakes in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Sirius XM by 5.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,862 shares of the company’s stock valued at $291,000 after purchasing an additional 509 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Sirius XM by 3.2% during the second quarter. Valeo Financial Advisors LLC now owns 10,916 shares of the company’s stock worth $322,000 after purchasing an additional 340 shares during the last quarter. Sprinkle Financial Consultants LLC acquired a new stake in shares of Sirius XM during the second quarter worth $961,000. GAMMA Investing LLC lifted its holdings in shares of Sirius XM by 44.1% during the second quarter. GAMMA Investing LLC now owns 2,823 shares of the company’s stock worth $83,000 after purchasing an additional 864 shares during the period. Finally, CoreCap Advisors LLC grew its position in Sirius XM by 421.7% in the 2nd quarter. CoreCap Advisors LLC now owns 3,130 shares of the company’s stock valued at $92,000 after buying an additional 2,530 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Sirius XM Trading Up 1.5%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $10.66 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95. The business’s 50-day moving average is $29.19 and its two-hundred day moving average is $25.15.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. Sirius XM’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, equities research analysts anticipate that Sirius XM Holdings Inc. will post 3.1 earnings per share for the current year.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 10th. Sirius XM’s payout ratio is 45.57%.

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.