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

Sirius XM (NASDAQ:SIRI - Get Free Report) was upgraded by Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday, April 8th,Zacks.com reports. Seaport Res Ptn also issued estimates for Sirius XM's Q4 2025 earnings at $0.90 EPS, FY2025 earnings at $3.71 EPS, Q1 2026 earnings at $0.84 EPS, Q2 2026 earnings at $1.03 EPS, Q3 2026 earnings at $0.90 EPS, Q4 2026 earnings at $0.94 EPS and FY2026 earnings at $3.71 EPS.

SIRI has been the topic of several other research reports. Barrington Research set a $28.00 price target on Sirius XM in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on Sirius XM from $22.00 to $16.00 and set an "underweight" rating on the stock in a research report on Thursday, December 19th. Guggenheim reduced their price objective on shares of Sirius XM from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Rosenblatt Securities decreased their price target on shares of Sirius XM from $29.00 to $24.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their price target on shares of Sirius XM from $23.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $26.81.

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Sirius XM Price Performance

Shares of NASDAQ:SIRI traded down $0.18 during trading on Tuesday, hitting $20.54. 1,110,979 shares of the company's stock were exchanged, compared to its average volume of 4,920,848. The business's 50-day simple moving average is $23.40 and its 200 day simple moving average is $24.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.42 and a quick ratio of 0.42. Sirius XM has a 52-week low of $18.69 and a 52-week high of $41.60. The company has a market cap of $6.96 billion, a price-to-earnings ratio of -3.20, a PEG ratio of 0.79 and a beta of 0.98.

Sirius XM (NASDAQ:SIRI - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Sirius XM will post 3.2 EPS for the current year.

Institutional Trading of Sirius XM

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in Sirius XM by 21.2% during the 4th quarter. State of Alaska Department of Revenue now owns 234,242 shares of the company's stock worth $5,340,000 after buying an additional 41,000 shares in the last quarter. Check Capital Management Inc. CA increased its stake in Sirius XM by 597.7% during the fourth quarter. Check Capital Management Inc. CA now owns 1,145,731 shares of the company's stock worth $26,123,000 after acquiring an additional 981,517 shares during the last quarter. Legato Capital Management LLC boosted its stake in Sirius XM by 21.9% during the fourth quarter. Legato Capital Management LLC now owns 85,500 shares of the company's stock worth $1,949,000 after buying an additional 15,342 shares during the period. Franklin Resources Inc. increased its holdings in Sirius XM by 209.1% in the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company's stock valued at $2,062,000 after purchasing an additional 58,993 shares during the last quarter. Finally, MBA Advisors LLC purchased a new stake in shares of Sirius XM in the 4th quarter valued at $228,000. 10.69% of the stock is currently owned by hedge funds and other institutional investors.

Sirius XM Company Profile

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.