Rosenblatt Securities Has Lowered Expectations for Sirius XM (NASDAQ:SIRI) Stock Price

Sirius XM (NASDAQ:SIRI) had its price objective lowered by research analysts at Rosenblatt Securities from $29.00 to $24.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Rosenblatt Securities’ target price suggests a potential downside of 2.52% from the company’s current price.

Several other brokerages also recently commented on SIRI. Benchmark restated a “buy” rating and set a $43.00 price objective on shares of Sirius XM in a research report on Tuesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Thursday, November 7th. StockNews.com initiated coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating for the company. Guggenheim lowered their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Seaport Res Ptn lowered shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.96.

Sirius XM Trading Up 2.6 %

Shares of Sirius XM stock opened at $24.62 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market capitalization of $8.34 billion, a PE ratio of -3.84, a P/E/G ratio of 1.25 and a beta of 1.06. Sirius XM has a 1-year low of $20.47 and a 1-year high of $51.80. The company’s fifty day simple moving average is $23.56 and its 200-day simple moving average is $26.60.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, equities analysts anticipate that Sirius XM will post 2.98 earnings per share for the current year.

Institutional Trading of Sirius XM

Several hedge funds and other institutional investors have recently bought and sold shares of SIRI. Coston McIsaac & Partners raised its stake in shares of Sirius XM by 113.5% in the third quarter. Coston McIsaac & Partners now owns 1,174 shares of the company’s stock valued at $27,000 after acquiring an additional 624 shares during the period. Wealthspire Advisors LLC raised its position in Sirius XM by 4.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,686 shares of the company’s stock worth $358,000 after purchasing an additional 643 shares during the period. Mill Creek Capital Advisors LLC lifted its stake in Sirius XM by 5.8% in the fourth quarter. Mill Creek Capital Advisors LLC now owns 15,273 shares of the company’s stock worth $348,000 after purchasing an additional 837 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock valued at $31,000 after buying an additional 1,144 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Sirius XM during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

About Sirius XM

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.