Barrington Research Issues Pessimistic Forecast for Sirius XM (NASDAQ:SIRI) Stock Price

Sirius XM (NASDAQ:SIRI) had its price target cut by Barrington Research from $40.00 to $30.00 in a research report released on Friday,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.

A number of other equities analysts have also weighed in on SIRI. Benchmark reissued a “buy” rating and issued a $43.00 target price on shares of Sirius XM in a research report on Tuesday, October 15th. The Goldman Sachs Group reduced their price target on shares of Sirius XM from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Guggenheim restated a “buy” rating and set a $30.00 price objective on shares of Sirius XM in a research report on Wednesday, December 11th. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $23.00 target price on shares of Sirius XM in a research note on Tuesday, September 24th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.27.

Sirius XM Stock Down 2.8 %

Sirius XM stock opened at $24.11 on Friday. Sirius XM has a 12 month low of $22.18 and a 12 month high of $57.80. The stock has a fifty day simple moving average of $26.35 and a two-hundred day simple moving average of $28.57. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of -3.80 and a beta of 1.03.

Sirius XM Increases Dividend

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

Insider Buying and Selling at Sirius XM

In other news, major shareholder Berkshire Hathaway Inc acquired 1,259,259 shares of Sirius XM stock in a transaction dated Friday, October 11th. The stock was purchased at an average cost of $24.95 per share, with a total value of $31,418,512.05. Following the completion of the purchase, the insider now directly owns 108,719,088 shares in the company, valued at approximately $2,712,541,245.60. This trade represents a 1.17 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders purchased 2,646,761 shares of company stock valued at $65,952,329. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SIRI. Coston McIsaac & Partners raised its holdings in Sirius XM by 113.5% during 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. TCTC Holdings LLC bought a new stake in Sirius XM during the 3rd quarter valued at approximately $29,000. Princeton Global Asset Management LLC lifted its holdings in Sirius XM by 2,683.7% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock worth $32,000 after purchasing an additional 1,315 shares in the last quarter. Plato Investment Management Ltd bought a new position in Sirius XM in the 2nd quarter worth approximately $35,000. Finally, Riverview Capital Advisers LLC purchased a new stake in Sirius XM during the 2nd quarter valued at approximately $35,000. 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.