Sirius XM (NASDAQ:SIRI) Reaches New 1-Year High After Analyst Upgrade

Sirius XM Holdings Inc. (NASDAQ:SIRI)’s stock price 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.

Other equities analysts have also issued research reports about the company. Barrington Research raised their price target on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Guggenheim reaffirmed a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Morgan Stanley increased their target price on shares of Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Evercore set a $28.00 price target on shares of Sirius XM in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.27% of the stock is owned by company insiders.

Sirius XM News Summary

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

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. grew its position in shares of Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after buying an additional 794 shares during the last quarter. Root Financial Partners LLC lifted its position in Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Sirius XM in the first quarter valued at approximately $33,000. Altshuler Shaham Ltd boosted its stake in Sirius XM by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after acquiring an additional 417 shares in the last quarter. Finally, Rossby Financial LCC grew its holdings in Sirius XM by 57.7% in the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock worth $32,000 after purchasing an additional 593 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Stock Up 1.5%

The company’s fifty day simple moving average is $29.19 and its 200-day simple moving average is $25.15. The firm 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 company has a debt-to-equity ratio of 0.83, a current ratio of 0.44 and a quick ratio of 0.44.

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

Sirius XM Announces Dividend

The firm 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. The ex-dividend date is Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.4%. Sirius XM’s payout ratio is presently 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.