Sirius XM Holdings Inc. (NASDAQ:SIRI) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday, July 10th. The firm presently has a $6.06 target price on the stock. Vetr‘s target price would indicate a potential upside of 8.21% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Macquarie restated an “outperform” rating and issued a $5.85 target price on shares of Sirius XM Holdings in a research report on Thursday, April 13th. Morgan Stanley downgraded Sirius XM Holdings from an “equal weight” rating to an “underweight” rating and set a $4.80 target price on the stock. in a research report on Wednesday, April 19th. Zacks Investment Research downgraded Sirius XM Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Barclays PLC restated an “underweight” rating and issued a $4.50 target price (down previously from $4.90) on shares of Sirius XM Holdings in a research report on Monday, May 1st. Finally, Wunderlich cut Sirius XM Holdings from a “buy” rating to a “hold” rating and lifted their price objective for the company from $5.00 to $5.50 in a research note on Thursday, March 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $5.73.
Sirius XM Holdings (NASDAQ:SIRI) traded down 0.36% during mid-day trading on Monday, hitting $5.57. 15,590,387 shares of the stock traded hands. The firm’s 50-day moving average is $5.40 and its 200 day moving average is $5.11. The firm has a market cap of $25.69 billion, a P/E ratio of 32.76 and a beta of 1.11. Sirius XM Holdings has a 52-week low of $4.05 and a 52-week high of $5.89.
Sirius XM Holdings (NASDAQ:SIRI) last posted its earnings results on Thursday, July 27th. The company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. Sirius XM Holdings had a negative return on equity of 99.07% and a net margin of 15.47%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the business earned $0.04 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of SIRI. Miracle Mile Advisors LLC increased its stake in Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock valued at $102,000 after buying an additional 300 shares during the last quarter. Pitcairn Co. increased its stake in Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after buying an additional 237 shares in the last quarter. Altfest L J & Co. Inc. bought a new stake in Sirius XM Holdings during the first quarter valued at approximately $105,000. Greenwich Wealth Management LLC bought a new stake in Sirius XM Holdings during the first quarter valued at approximately $108,000. Finally, Concorde Asset Management LLC bought a new stake in Sirius XM Holdings during the first quarter valued at approximately $128,000. 22.30% of the stock is owned by institutional investors and hedge funds.
Sirius XM Holdings Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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