Sirius XM Holdings Inc. (NASDAQ:SIRI) Given Average Rating of “Hold” by Brokerages

Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $26.1818.

SIRI has been the topic of a number of research reports. Morgan Stanley upped their price objective on Sirius XM from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, July 16th. Rosenblatt Securities upped their price objective on Sirius XM from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Zacks Research raised Sirius XM from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Guggenheim reiterated a “buy” rating and issued a $29.00 price target on shares of Sirius XM in a research report on Thursday, June 26th. Finally, Wells Fargo & Company dropped their price target on shares of Sirius XM from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, August 1st.

Sirius XM Stock Down 0.7%

SIRI stock opened at $24.27 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $8.17 billion, a PE ratio of -3.60, a PEG ratio of 0.37 and a beta of 0.95. Sirius XM has a 1-year low of $18.69 and a 1-year high of $29.18. The business’s 50 day simple moving average is $23.17 and its 200 day simple moving average is $22.45.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.22). Sirius XM had a negative net margin of 26.41% and a positive return on equity of 3.73%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Sirius XM has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Sirius XM will post 3.2 EPS for the current 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 4.4%. The ex-dividend date was Friday, August 8th. Sirius XM’s dividend payout ratio is presently -16.00%.

Institutional Trading of Sirius XM

Institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new stake in shares of Sirius XM during the 1st quarter valued at $25,000. Putney Financial Group LLC bought a new stake in shares of Sirius XM during the 4th quarter valued at $27,000. Deseret Mutual Benefit Administrators lifted its position in shares of Sirius XM by 79.3% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,594 shares of the company’s stock valued at $36,000 after acquiring an additional 705 shares during the period. Quaker Wealth Management LLC lifted its position in shares of Sirius XM by 214.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,603 shares of the company’s stock valued at $37,000 after acquiring an additional 3,001 shares during the period. Finally, True Wealth Design LLC lifted its position in shares of Sirius XM by 47.8% during the 2nd quarter. True Wealth Design LLC now owns 1,616 shares of the company’s stock valued at $37,000 after acquiring an additional 523 shares during the period. 10.69% of the stock is currently owned by institutional investors.

Sirius XM Company Profile

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.