Royal Bank of Canada set a $6.00 price objective on Sirius XM (NASDAQ:SIRI) in a research report sent to investors on Thursday. The firm currently has a hold rating on the stock.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Sirius XM from a hold rating to a sell rating in a research note on Friday, January 5th. Barrington Research lowered Sirius XM from an outperform rating to a market perform rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. lowered Sirius XM from a neutral rating to an underweight rating and dropped their price target for the stock from $5.36 to $5.00 in a research note on Tuesday, January 2nd. BidaskClub lowered Sirius XM from a hold rating to a sell rating in a research note on Wednesday, December 20th. Finally, B. Riley reaffirmed a buy rating on shares of Sirius XM in a research note on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM has an average rating of Hold and a consensus target price of $5.94.

Shares of Sirius XM (SIRI) opened at $5.48 on Thursday. The company has a debt-to-equity ratio of -6.41, a quick ratio of 0.18 and a current ratio of 0.19. Sirius XM has a 52 week low of $4.54 and a 52 week high of $5.89. The stock has a market capitalization of $25,185.09, a PE ratio of 30.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.12.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Sirius XM had a negative return on equity of 93.51% and a net margin of 16.71%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. sell-side analysts forecast that Sirius XM will post 0.19 EPS for the current year.

In other news, EVP Patrick L. Donnelly sold 1,374,479 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $5.70, for a total value of $7,834,530.30. Following the completion of the sale, the executive vice president now owns 227,430 shares of the company’s stock, valued at approximately $1,296,351. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the sale, the chief executive officer now directly owns 3,377,085 shares of the company’s stock, valued at approximately $19,181,842.80. The disclosure for this sale can be found here. Insiders own 1.06% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Broadleaf Partners LLC bought a new position in Sirius XM during the 4th quarter valued at approximately $3,353,000. DnB Asset Management AS raised its position in Sirius XM by 23.8% during the 4th quarter. DnB Asset Management AS now owns 237,015 shares of the company’s stock valued at $1,270,000 after purchasing an additional 45,600 shares during the last quarter. GSA Capital Partners LLP bought a new position in Sirius XM during the 3rd quarter valued at approximately $330,000. California Public Employees Retirement System raised its position in Sirius XM by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 4,167,432 shares of the company’s stock valued at $23,004,000 after purchasing an additional 365,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Sirius XM by 19.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 71,241 shares of the company’s stock valued at $393,000 after purchasing an additional 11,726 shares during the last quarter. 19.57% of the stock is owned by institutional investors.

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About Sirius XM

Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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