Barrington Research Cuts Sirius XM (NASDAQ:SIRI) Price Target to $30.00

Sirius XM (NASDAQ:SIRI) had its target price cut by Barrington Research from $40.00 to $30.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock. Barrington Research also issued estimates for Sirius XM’s FY2026 earnings at $3.29 EPS.

Other analysts have also issued research reports about the company. Rosenblatt Securities upped their target price on Sirius XM from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Pivotal Research lowered their price target on shares of Sirius XM from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $43.00 price objective on shares of Sirius XM in a report on Tuesday, October 15th. StockNews.com started coverage on Sirius XM in a research report on Wednesday, November 13th. They set a “sell” rating on the stock. Finally, Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Sirius XM in a research note on Wednesday, December 11th. 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.27.

Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $24.11 on Friday. The firm has a market capitalization of $8.18 billion, a P/E ratio of -3.80 and a beta of 1.03. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock’s 50-day simple moving average is $26.35 and its two-hundred day simple moving average is $28.57. Sirius XM has a twelve month low of $22.18 and a twelve month high of $57.80.

Sirius XM Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.48%. This is a boost from Sirius XM’s previous quarterly dividend of $0.27. The ex-dividend date was Tuesday, November 5th. Sirius XM’s dividend payout ratio (DPR) is currently -17.03%.

Insider Activity at Sirius XM

In other news, major shareholder Berkshire Hathaway Inc acquired 869,800 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was acquired at an average price of $23.55 per share, for a total transaction of $20,483,790.00. Following the completion of the acquisition, the insider now owns 106,024,829 shares in the company, valued at $2,496,884,722.95. This trade represents a 0.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 2,646,761 shares of company stock worth $65,952,329 over the last 90 days. 0.79% of the stock is owned by company insiders.

Institutional Trading of Sirius XM

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in Sirius XM by 209.1% during the 3rd quarter. Franklin Resources Inc. now owns 87,201 shares of the company’s stock valued at $2,062,000 after acquiring an additional 58,993 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Sirius XM during the third quarter valued at approximately $5,489,000. Rehmann Capital Advisory Group lifted its holdings in shares of Sirius XM by 25.5% during the third quarter. Rehmann Capital Advisory Group now owns 21,763 shares of the company’s stock valued at $521,000 after purchasing an additional 4,428 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Sirius XM in the 3rd quarter worth approximately $371,000. Finally, Aequim Alternative Investments LP purchased a new stake in shares of Sirius XM in the 3rd quarter worth approximately $6,932,000. 10.69% of the stock is 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.