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

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

A number of research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, July 16th. Weiss Ratings restated a “sell (d)” rating on shares of Sirius XM in a research report on Saturday, September 27th. Guggenheim reissued a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Wells Fargo & Company dropped their price objective on Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, August 1st. Finally, Rosenblatt Securities lifted their target price on shares of Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, August 4th.

Sirius XM Price Performance

NASDAQ SIRI opened at $23.27 on Tuesday. The stock has a market capitalization of $7.84 billion, a PE ratio of -3.45, a price-to-earnings-growth ratio of 0.35 and a beta of 0.93. Sirius XM has a 12-month low of $18.69 and a 12-month high of $29.18. The company has a 50 day moving average price of $22.84 and a two-hundred day moving average price of $22.38. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.89.

Sirius XM (NASDAQ:SIRI) last posted its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.22). The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.13 billion. Sirius XM had a positive return on equity of 3.73% and a negative net margin of 26.41%.The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Sirius XM has set its FY 2025 guidance at EPS. As a group, equities analysts predict 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. Stockholders of record on Friday, August 8th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, August 8th. Sirius XM’s dividend payout ratio is presently -16.00%.

Hedge Funds Weigh In On Sirius XM

Several large investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Sirius XM by 15.6% in the 1st quarter. IFP Advisors Inc now owns 17,133 shares of the company’s stock valued at $386,000 after purchasing an additional 2,307 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Sirius XM by 29.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 47,214 shares of the company’s stock valued at $1,064,000 after purchasing an additional 10,876 shares during the period. Cresset Asset Management LLC increased its position in shares of Sirius XM by 9.0% during the first quarter. Cresset Asset Management LLC now owns 11,463 shares of the company’s stock worth $258,000 after acquiring an additional 944 shares in the last quarter. Ninety One UK Ltd increased its holdings in Sirius XM by 8.3% during the 1st quarter. Ninety One UK Ltd now owns 191,829 shares of the company’s stock worth $4,325,000 after purchasing an additional 14,718 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in Sirius XM in the 4th quarter valued at approximately $622,000. Institutional investors and hedge funds 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.