In yesterday’s Wall Street session, Sirius XM Holdings Inc (NASDAQ:SIRI) shares traded at $4.47, down -1.97% from the previous session.
As of this writing, 15 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 $4.56, this indicates a potential upside of 9.65 percent. SIRI stock price is now 2.34% away from the 50-day moving average and 1.42% away from the 200-day moving average. The market capitalization of the company currently stands at $17.18B.
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There are 5 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $4.99 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, Witz Jennifer C, CEO bought 250,000 shares of the company’s stock on Aug 28. The stock was bought for $1,026,900 at an average price of $4.11. Upon completion of the transaction, the CEO now directly owns 2,812,000 shares in the company, valued at $12.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 09, Director Hickenlooper Robin S sold 11,000 shares of the business’s stock. A total of $41,910 was realized by selling the stock at an average price of $3.81. This leaves the insider owning 94,765 shares of the company worth $0.42 million. Insiders disposed of 1,522,189 shares of company stock worth roughly $6.8 million over the past 1 year. A total of 83.77% 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 $12,914,000. NFJ INVESTMENT GROUP, LLC invested $10,620,000 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 $8,940,000. READYSTATE ASSET MANAGEMENT LP acquired a new stake in SIRI for approximately $4,876,000. POLIANTA LTD purchased a new stake in SIRI valued at around $1,173,000 in the second quarter. In total, there are 843 active investors with 11.04% ownership of the company’s stock.
Friday morning saw Sirius XM Holdings Inc (NASDAQ: SIRI) opened at $4.4600. 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 $26.90B, which is based on a 15.17 price-to-earnings ratio, a 2.01 price-to-earnings-growth ratio, and a beta of 1.03. The fifty day moving average price for SIRI is $4.3606 and a two-hundred day moving average price translates $4.4007 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 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 2.22% 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 29.54%.
