Seaport Res Ptn Upgrades Sirius XM (NASDAQ:SIRI) to Strong-Buy

Sirius XM (NASDAQ:SIRI) was upgraded by Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for Sirius XM’s Q4 2026 earnings at $0.94 EPS.

Several other research analysts have also recently commented on the stock. Rosenblatt Securities decreased their target price on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. Barrington Research set a $28.00 target price on shares of Sirius XM in a research note on Friday, January 31st. Guggenheim decreased their target price on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price target on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.81.

Sirius XM Price Performance

Sirius XM stock traded down $0.94 during mid-day trading on Tuesday, hitting $19.96. The company’s stock had a trading volume of 2,034,967 shares, compared to its average volume of 5,445,498. The stock has a market capitalization of $6.76 billion, a P/E ratio of -3.12, a P/E/G ratio of 0.79 and a beta of 0.98. Sirius XM has a twelve month low of $18.69 and a twelve month high of $41.60. The stock’s fifty day moving average price is $23.67 and its two-hundred day moving average price is $24.27. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.93.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (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%. Research analysts forecast that Sirius XM will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Union Bancaire Privee UBP SA acquired a new stake in shares of Sirius XM in the 4th quarter valued at $26,000. Putney Financial Group LLC bought a new position in Sirius XM during the fourth quarter valued at about $27,000. First Command Advisory Services Inc. acquired a new stake in shares of Sirius XM in the fourth quarter worth about $30,000. Geneos Wealth Management Inc. boosted its stake in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after acquiring an additional 1,144 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of Sirius XM by 255.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,838 shares of the company’s stock valued at $42,000 after acquiring an additional 1,321 shares during the last quarter. Institutional investors and hedge funds 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.