The price of Sirius XM Holdings Inc (NASDAQ:SIRI) shares last traded on Wall Street fell -0.49% to $4.03.
SIRI stock price is now -17.40% away from the 50-day moving average and -13.83% away from the 200-day moving average. The market capitalization of the company currently stands at $15.49B.
With the price target of $4, Guggenheim recently initiated with Neutral rating for Sirius XM Holdings Inc (NASDAQ: SIRI). On January 23, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $5 to quote $4.50, while ‘Pivotal Research Group’ rates the stock as ‘Hold’
In other news, Inzerillo Joseph A, Chief Product & Tech. Officer sold 107,611 shares of the company’s stock on Feb 13 ’24. The stock was sold for $527,294 at an average price of $4.90. Upon completion of the transaction, the Chief Product & Tech. Officer now directly owns 746,816 shares in the company, valued at $3.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Director MEYER JAMES E sold 800,000 shares of the business’s stock. A total of $3,935,920 was realized by selling the stock at an average price of $4.92. This leaves the insider owning 1,091,472 shares of the company worth $4.4 million. A total of 83.76% of the company’s stock is owned by insiders.
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 $24.88B, which is based on a 12.42 price-to-earnings ratio, a 1.77 price-to-earnings-growth ratio, and a beta of 1.06. The fifty day moving average price for SIRI is $4.8510 and a two-hundred day moving average price translates $4.6793 for the stock.
The latest earnings results from Sirius XM Holdings Inc (NASDAQ: SIRI) was released for Dec, 2023. According to the Entertainment Company, earnings per share came in at $0.09, beating analysts’ expectations of $0.08 by 0.01. This compares to $0.09 EPS in the same period last year. The company reported revenue of $2.29 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.18 percent. For the current quarter, analysts expect SIRI to generate $2.13B in revenue.
Sirius XM Holdings Inc(SIRI) 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. This segment also distributes satellite radios through automakers and retailers, as well as its website; podcasts, including true crime, news, politics, music, comedy, sports, and entertainment; and offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data, remote vehicles diagnostic, and stolen or parked vehicle locator services. In addition, this segment provides 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; graphic information related to road closings, traffic flow, and incident data for consumers with in-vehicle navigation systems; real-time weather services in vehicles, boats, and planes; and music programming and commercial-free music services for office, restaurants, and other business. Its Pandora and Off-platform segment operates music, comedy, and podcast streaming platform, which offers personalized experience for listener through computers, tablets, mobile devices, vehicle speakers, and connected devices; and provides advertising services. The company was incorporated in 2013 and is headquartered in New York. Sirius XM Holdings Inc. operates as a subsidiary of The Liberty SiriusXM Group.
