Sirius XM (NASDAQ:SIRI) Given New $31.00 Price Target at Wells Fargo & Company

Sirius XM (NASDAQ:SIRI) had its price target raised by analysts at Wells Fargo & Company from $30.00 to $31.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.96% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of Sirius XM in a research report on Tuesday. UBS Group set a $30.00 target price on shares of Sirius XM in a research note on Wednesday. Evercore set a $28.00 target price on shares of Sirius XM in a report on Friday, May 1st. Finally, Guggenheim reiterated a “buy” rating and set a $35.00 price target (up from $34.00) on shares of Sirius XM in a report on Friday. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.82.

Sirius XM Trading Down 1.8%

Shares of NASDAQ:SIRI traded down $0.57 during midday trading on Friday, reaching $30.40. 692,560 shares of the company’s stock were exchanged, compared to its average volume of 5,039,153. Sirius XM has a fifty-two week low of $19.76 and a fifty-two week high of $32.66. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 0.70 and a beta of 0.95. The firm’s 50 day simple moving average is $29.34 and its two-hundred day simple moving average is $25.30. 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 announced its earnings results on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Sirius XM will post 3.1 EPS for the current fiscal year.

Insider Activity

In other news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.27% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

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

Sirius XM News Summary

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

• Positive Sentiment: Sirius XM returned to positive net subscriber growth, adding 22,000 subscribers, while reporting historically low churn. Advertising performance and free cash flow were also described as strong. Sirius XM Q2 2026 earnings call highlights
• Positive Sentiment: Management raised its 2026 targets, including approximately $8.525 billion in revenue and $1.375 billion in free cash flow; the free-cash-flow outlook was increased by $25 million. SiriusXM 2026 targets
• Positive Sentiment: The company launched a $5-per-month Sports Pass featuring sports audio content, including WWE Radio. The offering could broaden Sirius XM’s appeal and create another subscription revenue opportunity. SiriusXM sports plan
• Neutral Sentiment: Wells Fargo upgraded Sirius XM, while Rosenblatt Securities reiterated a Buy rating, signaling that some analysts view the valuation and cash-flow profile favorably despite near-term execution concerns. Sirius XM upgraded at Wells Fargo
• Negative Sentiment: Second-quarter EPS was $0.70, below the $0.78 consensus estimate, although revenue of $2.16 billion modestly exceeded expectations and increased 1% year over year. The earnings shortfall and underwhelming outlook are the primary reasons the stock has decreased. SiriusXM shares after second-quarter earnings
• Negative Sentiment: Chief Operating Officer Wayne Thorsen is leaving amid a restructuring, adding leadership-transition uncertainty as Sirius XM works to improve growth and profitability. Sirius XM COO departure

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.