The price of The Liberty SiriusXM Group (NASDAQ:LSXMK) shares last traded on Wall Street fell -2.98% to $40.44.
Based on available information, 8 analysts follow The Liberty SiriusXM Group (NASDAQ:LSXMK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $41.00, we find $54.50. Given the previous closing price of $41.68, this indicates a potential upside of 30.76 percent. LSXMK stock price is now -2.45% away from the 50-day moving average and -0.71% away from the 200-day moving average. The market capitalization of the company currently stands at $30.22B.
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Among analysts, 1 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $58.75 as their price target over the next twelve months.
With the price target of $87, Rosenblatt recently initiated with Buy rating for The Liberty SiriusXM Group (NASDAQ: LSXMK). On December 09, 2021, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $57 to quote $56, while ‘Pivotal Research Group’ rates the stock as ‘Buy’.
In other news, Wendling Brian J, CAO/PFO sold 1,370 shares of the company’s stock on Jan 11. The stock was sold for $47,950 at an average price of $35.00. Upon completion of the transaction, the CAO/PFO now directly owns 14,871 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06, CAO/PFO Wendling Brian J sold 1,371 shares of the business’s stock. A total of $46,614 was realized by selling the stock at an average price of $34.00. This leaves the insider owning 14,871 shares of the company worth $0.6 million. A total of 10.62% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LSXMK stock. A new stake in The Liberty SiriusXM Group shares was purchased by MAN GROUP PLC during the first quarter worth $18,483,000. COOPER CREEK PARTNERS MANAGEMENT LLC invested $7,475,000 in shares of LSXMK during the first quarter. In the first quarter, SCULPTOR CAPITAL LP acquired a new stake in The Liberty SiriusXM Group valued at approximately $7,177,000. PARALLAX VOLATILITY ADVISERS, L.P. acquired a new stake in LSXMK for approximately $6,603,000. PGGM INVESTMENTS purchased a new stake in LSXMK valued at around $6,250,000 in the second quarter. In total, there are 595 active investors with 84.24% ownership of the company’s stock.
A candlestick chart of The Liberty SiriusXM Group (NASDAQ: LSXMK) showed a price of $41.70 on Wednesday morning. During the past 12 months, The Liberty SiriusXM Group has had a low of $34.34 and a high of $52.43. The fifty day moving average price for LSXMK is $41.46 and a two-hundred day moving average price translates $40.73 for the stock.
The latest earnings results from The Liberty SiriusXM Group (NASDAQ: LSXMK) was released for Jun, 2022. For the current quarter, analysts expect LSXMK to generate $2.28B in revenue.
The Liberty SiriusXM Group(LSXMK) 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.
