Weekly Research Analysts’ Ratings Updates for Sirius XM (SIRI)

Several brokerages have updated their recommendations and price targets on shares of Sirius XM (NASDAQ: SIRI) in the last few weeks:

• 12/19/2024 – Sirius XM had its price target lowered by analysts at Wells Fargo & Company from $22.00 to $16.00. They now have an “underweight” rating on the stock.
• 12/13/2024 – Sirius XM had its price target lowered by analysts at Barrington Research from $40.00 to $30.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Sirius XM had its price target raised by analysts at Rosenblatt Securities from $28.00 to $29.00. They now have a “neutral” rating on the stock.
• 12/11/2024 – Sirius XM had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $30.00 price target on the stock.
• 12/10/2024 – Sirius XM was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 11/13/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 11/7/2024 – Sirius XM had its price target raised by analysts at JPMorgan Chase & Co. from $20.00 to $21.00. They now have an “underweight” rating on the stock.
• 11/6/2024 – Sirius XM was downgraded by analysts at Guggenheim from a “strong-buy” rating to a “hold” rating.
• 11/5/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 11/4/2024 – Sirius XM had its “outperform” rating reaffirmed by analysts at Barrington Research. They now have a $40.00 price target on the stock.
• 11/4/2024 – Sirius XM had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $26.00 to $23.00. They now have a “neutral” rating on the stock.
• 11/4/2024 – Sirius XM had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $28.00 price target on the stock.
• 11/1/2024 – Sirius XM had its price target lowered by analysts at Pivotal Research from $40.00 to $37.00. They now have a “buy” rating on the stock.
• 10/29/2024 – Sirius XM had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $28.00 price target on the stock.
• 10/28/2024 – Sirius XM is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Sirius XM Stock Performance

Shares of NASDAQ SIRI traded up $0.14 during midday trading on Wednesday, reaching $23.40. 2,320,597 shares of the company traded hands, compared to its average volume of 3,806,262. The stock has a 50-day moving average price of $26.02 and a 200 day moving average price of $28.36. The company has a market cap of $7.94 billion, a price-to-earnings ratio of -3.69 and a beta of 1.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. Sirius XM Holdings Inc. has a 52 week low of $20.47 and a 52 week high of $56.80.

Sirius XM Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were paid a $0.27 dividend. This is a positive change from Sirius XM’s previous quarterly dividend of $0.27. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend was Tuesday, November 5th. Sirius XM’s dividend payout ratio is currently -17.03%.

Insider Activity

In other Sirius XM news, major shareholder Berkshire Hathaway Inc purchased 1,259,259 shares of the business’s stock in a transaction on Friday, October 11th. The stock was bought at an average cost of $24.95 per share, with a total value of $31,418,512.05. Following the acquisition, the insider now owns 108,719,088 shares of the company’s stock, valued at $2,712,541,245.60. The trade was a 1.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased 2,646,761 shares of company stock worth $65,952,329 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently modified their holdings of SIRI. Coston McIsaac & Partners increased its stake in Sirius XM by 113.5% in the 3rd quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. TCTC Holdings LLC purchased a new position in shares of Sirius XM in the third quarter worth approximately $29,000. Princeton Global Asset Management LLC raised its holdings in shares of Sirius XM by 2,683.7% during the third quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the period. Riverview Capital Advisers LLC purchased a new stake in shares of Sirius XM in the 2nd quarter valued at approximately $35,000. Finally, Plato Investment Management Ltd acquired a new position in Sirius XM in the 2nd quarter worth approximately $35,000. 10.69% of the stock is owned by institutional investors and hedge funds.

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.