Sirius XM Holdings Inc (NASDAQ:SIRI) shares traded 1.29% higher at $3.13 on Wall Street last session.
SIRI stock price is now -22.74% away from the 50-day moving average and -32.46% away from the 200-day moving average. The market capitalization of the company currently stands at $12.04B.
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 $2.34 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 $3.42 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 $3.04 and a high of $7.95.
According to the Entertainment Company, earnings per share came in at 0.06, missing analysts’ expectations of 0.07 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.
