Stocks of The Liberty SiriusXM Group (NASDAQ:LSXMA) traded higher last session on Wall Street, up 1.47% to $43.56.
According to the data, The Liberty SiriusXM Group (NASDAQ:LSXMA) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $84.00 and a low of $41.00, we find $57.00. Given the previous closing price of $42.93, this indicates a potential upside of 32.77 percent. LSXMA stock price is now 5.88% away from the 50-day moving average and 3.50% away from the 200-day moving average. The market capitalization of the company currently stands at $29.78B.
A total of 1 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $59.11 as their price target over the next twelve months.
With the price target reduced from $57 to $56, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for The Liberty SiriusXM Group (NASDAQ: LSXMA). On January 11, 2021, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $39 to quote $55, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, Gilchrist Malcolm Ian Grant, Director sold 259 shares of the company’s stock on Nov 07. The stock was sold for $8,118 at an average price of $31.34. Upon completion of the transaction, the Director now directly owns 965 shares in the company, valued at $42035.4. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, 10% Owner GAMCO INVESTORS, INC. ET AL bought 1,000 shares of the business’s stock. A total of $29,313 was incurred on buying the stock at an average price of $29.31. This leaves the insider owning 30,000 shares of the company worth $1.31 million. A total of 3.92% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LSXMA stock. A new stake in The Liberty SiriusXM Group shares was purchased by SCULPTOR CAPITAL LP during the first quarter worth $97,971,000. ONE FIN CAPITAL MANAGEMENT LP invested $20,255,000 in shares of LSXMA during the first quarter. In the first quarter, SWISSPARTNERS ADVISORS LTD acquired a new stake in The Liberty SiriusXM Group valued at approximately $6,957,000. ARDMORE ROAD ASSET MANAGEMENT LP acquired a new stake in LSXMA for approximately $5,525,000. AXA S.A. purchased a new stake in LSXMA valued at around $4,193,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $42.99 for The Liberty SiriusXM Group (NASDAQ: LSXMA). During the past 12 months, The Liberty SiriusXM Group has had a low of $34.40 and a high of $52.62. As of last week, the company has a debt-to-equity ratio of 1.81, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for LSXMA is $41.14 and a two-hundred day moving average price translates $42.09 for the stock.
The latest earnings results from The Liberty SiriusXM Group (NASDAQ: LSXMA) was released for Jun, 2022. According to the Broadcasting Company, earnings per share came in at $0.35, missing analysts’ expectations of $0.74 by -0.39. This compares to $0.63 EPS in the same period last year. The net profit margin was 10.20% and return on equity was 11.10% for LSXMA. The company reported revenue of $3.25 billion for the quarter, compared to $3.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.74 percent. For the current quarter, analysts expect LSXMA to generate $2.29B in revenue.
The Liberty SiriusXM Group(LSXMA) Company Profile
The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment. It also offers connected vehicle services; a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings; and traffic information services, which provide information as to road closings, traffic flow and incident data to consumers with compatible in-vehicle navigation systems, and real-time weather services in vehicles, boats, and planes. In addition, the company operates a music, comedy, and podcast streaming platform. Further, it offers ad-supported radio services; Pandora Plus, a radio subscription service; and Pandora Premium, an on-demand subscription service. Additionally, the company distributes satellite radios through automakers and retailers, as well as through its website. As of December 31, 2021, it served approximately 34.0 million subscribers through Sirius XM and approximately 6.4 million subscribers through Pandora. The Liberty SiriusXM Group is headquartered in Englewood, Colorado. The Liberty SiriusXM Group is a subsidiary of Liberty Media Corporation.