Sirius XM (NASDAQ:SIRI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday, September 20th.

A number of other research analysts have also weighed in on SIRI. Macquarie reaffirmed a “buy” rating and issued a $7.75 price target on shares of Sirius XM in a research note on Wednesday, June 6th. Bank of America lifted their price target on shares of Sirius XM from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Pivotal Research downgraded shares of Sirius XM from a “buy” rating to a “hold” rating and set a $7.75 price objective on the stock. in a report on Tuesday, June 19th. Goldman Sachs Group downgraded shares of Sirius XM from a “neutral” rating to a “sell” rating and set a $6.00 price objective on the stock. in a report on Thursday, June 21st. Finally, Barclays downgraded shares of Sirius XM from an “equal weight” rating to an “underweight” rating and set a $5.00 price objective on the stock. in a report on Tuesday, June 26th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Sirius XM currently has a consensus rating of “Hold” and a consensus price target of $6.83.

SIRI traded up $0.22 during trading on Thursday, reaching $6.19. The company had a trading volume of 36,176,451 shares, compared to its average volume of 18,913,590. The company has a debt-to-equity ratio of -4.70, a quick ratio of 0.16 and a current ratio of 0.16. Sirius XM has a 12 month low of $5.17 and a 12 month high of $7.70. The firm has a market cap of $28.39 billion, a P/E ratio of 30.95, a PEG ratio of 1.72 and a beta of 1.03.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings results on Wednesday, July 25th. The company reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. Sirius XM had a net margin of 14.68% and a negative return on equity of 78.24%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Sirius XM will post 0.25 earnings per share for the current fiscal year.

In related news, EVP Stephen Cook sold 415,502 shares of the business’s stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $7.20, for a total transaction of $2,991,614.40. Following the transaction, the executive vice president now directly owns 1,988,300 shares in the company, valued at $14,315,760. The sale was disclosed in a filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of SIRI. Wells Fargo & Company MN increased its holdings in shares of Sirius XM by 3.6% in the first quarter. Wells Fargo & Company MN now owns 3,097,915 shares of the company’s stock valued at $19,332,000 after purchasing an additional 108,728 shares during the last quarter. Aperio Group LLC boosted its position in shares of Sirius XM by 3.9% in the first quarter. Aperio Group LLC now owns 511,784 shares of the company’s stock valued at $3,194,000 after acquiring an additional 19,008 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Sirius XM by 162.8% in the first quarter. Neuberger Berman Group LLC now owns 839,643 shares of the company’s stock valued at $5,239,000 after acquiring an additional 520,183 shares during the period. US Bancorp DE boosted its position in shares of Sirius XM by 58.5% in the first quarter. US Bancorp DE now owns 149,725 shares of the company’s stock valued at $934,000 after acquiring an additional 55,289 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Sirius XM by 413.6% in the first quarter. Envestnet Asset Management Inc. now owns 46,647 shares of the company’s stock valued at $297,000 after acquiring an additional 37,565 shares during the period. Institutional investors and hedge funds own 18.51% of the company’s stock.

Sirius XM Company Profile

Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.

Further Reading: Intrinsic Value and Stock Selection

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.