Does Sirius XM Holdings Inc. (NASDAQ:SIRI) warrant a purchase right now? What to Consider Before Making a Decision

Sirius XM Holdings Inc. (NASDAQ:SIRI) shares traded -2.00% lower at $4.40 on Wall Street last session.

In accordance with the data, 17 analysts cover Sirius XM Holdings Inc. (NASDAQ:SIRI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $3.50, we find $5.00. Given the previous closing price of $4.49, this indicates a potential upside of 11.36 percent. SIRI stock price is now -5.75% away from the 50-day moving average and -8.46% away from the 200-day moving average. The market capitalization of the company currently stands at $16.94B.

It has been rated a hold by 8 analysts and a buy by 3. Brokers who have rated the stock have averaged $4.88 as their price target over the next twelve months.

With the price target enhanced from $4.50 to $5, Pivotal Research Group Upgraded its rating from Sell to Hold for Sirius XM Holdings Inc. (NASDAQ: SIRI).

In other news, Hickenlooper Robin S, Director sold 11,000 shares of the company’s stock on Jun 09. The stock was sold for $41,910 at an average price of $3.81. Upon completion of the transaction, the Director now directly owns 94,765 shares in the company, valued at $0.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, Director Salen Kristina sold 14,207 shares of the business’s stock. A total of $53,134 was realized by selling the stock at an average price of $3.74. This leaves the insider owning 129,053 shares of the company worth $0.57 million. Insiders disposed of 1,476,999 shares of company stock worth roughly $6.5 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in SIRI stock. A new stake in Sirius XM Holdings Inc. shares was purchased by WORLDQUANT MILLENNIUM ADVISORS LLC during the first quarter worth $12,711,000. NFJ INVESTMENT GROUP, LLC invested $10,454,000 in shares of SIRI during the first quarter. In the first quarter, COWEN AND COMPANY, LLC acquired a new stake in Sirius XM Holdings Inc. valued at approximately $8,800,000. READYSTATE ASSET MANAGEMENT LP acquired a new stake in SIRI for approximately $4,800,000. CRYSTALLINE MANAGEMENT INC. purchased a new stake in SIRI valued at around $1,091,000 in the second quarter. In total, there are 843 active investors with 10.70% ownership of the company’s stock.

Sirius XM Holdings Inc. (NASDAQ: SIRI) opened at $4.4200 on Monday. During the past 12 months, Sirius XM Holdings Inc. has had a low of $3.32 and a high of $7.95. According to the stock market information, the enterprise value for the company is $26.63B, which is based on a 14.97 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for SIRI is $4.6682 and a two-hundred day moving average price translates $4.8067 for the stock.

The latest earnings results from Sirius XM Holdings Inc. (NASDAQ: SIRI) was released for Jun, 2023. According to the Entertainment Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.07 by 0.01. This compares to $0.07 EPS in the same period last year. The net profit margin was 12.90% and return on equity was -34.60% for SIRI. The company reported revenue of $2.25 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.13 percent. For the current quarter, analysts expect SIRI to generate $2.29B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 08/30/2023. Investors who held shares on 08/08/2023 were paid a $0.0242 dividend. On an annualized basis, this represents a $0.10 dividend and a 2.20% percent yield. There was an ex-dividend date of 08/07/2023 for this dividend. In terms of dividend payout ratio, SIRI is presently at 31.80%.

Sirius XM Holdings Inc.(SIRI) Company Profile

Sirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company’s Sirius XM segment provides music, sports, entertainment, comedy, 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 system and streamed via applications for mobile and home devices, and other consumer electronic equipment. Its Pandora and Off-platform segment operates music and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices. In addition, the company offers podcasts including true crime to politics, sports, comedy, and other podcasts under Stitcher brand. Further, it distributes satellite radios through automakers and retailers, as well as its website. The company also provides location-based services through two-way wireless connectivity, including safety, security, convenience, remote vehicles diagnostic, maintenance and data, and stolen or parked vehicle locator services. Additionally, it offers satellite television services, which offer music channels on the DISH Network satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; and real-time traffic and weather services, as well as music programming and commercial-free music services for commercial, office, restaurants, and other business. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. is a subsidiary of Liberty Media Corporation.