Research analysts at Buckingham Research initiated coverage on shares of Sirius XM (NASDAQ:SIRI) in a report issued on Friday, The Fly reports. The firm set a “buy” rating on the stock.

Several other research firms have also commented on SIRI. Zacks Investment Research lowered shares of Sirius XM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Sirius XM from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Royal Bank of Canada set a $6.00 price target on shares of Sirius XM and gave the company a “hold” rating in a research report on Thursday, January 11th. Barrington Research lowered shares of Sirius XM from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 2nd. Finally, Bank of America set a $7.00 price target on shares of Sirius XM and gave the company a “buy” rating in a research report on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Sirius XM presently has an average rating of “Hold” and a consensus price target of $5.94.

Sirius XM (NASDAQ SIRI) opened at $5.47 on Friday. Sirius XM has a 1-year low of $4.55 and a 1-year high of $5.89. The company has a debt-to-equity ratio of -6.41, a current ratio of 0.19 and a quick ratio of 0.18. The stock has a market cap of $25,001.26, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.12.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Wednesday, October 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Sirius XM had a net margin of 16.71% and a negative return on equity of 93.51%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts anticipate that Sirius XM will post 0.19 EPS for the current year.

In related news, EVP Patrick L. Donnelly sold 1,374,479 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $5.70, for a total transaction of $7,834,530.30. Following the sale, the executive vice president now owns 227,430 shares in the company, valued at $1,296,351. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total transaction of $980,958.72. Following the sale, the chief executive officer now owns 3,377,085 shares in the company, valued at approximately $19,181,842.80. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SIRI. Macquarie Group Ltd. boosted its position in Sirius XM by 476.2% during the second quarter. Macquarie Group Ltd. now owns 18,392 shares of the company’s stock worth $101,000 after acquiring an additional 15,200 shares during the last quarter. Colony Group LLC acquired a new stake in Sirius XM during the second quarter worth approximately $102,000. Toronto Dominion Bank boosted its position in Sirius XM by 9.7% during the second quarter. Toronto Dominion Bank now owns 20,278 shares of the company’s stock worth $111,000 after acquiring an additional 1,799 shares during the last quarter. Kalos Management Inc. acquired a new stake in Sirius XM during the third quarter worth approximately $114,000. Finally, AE Wealth Management LLC boosted its position in Sirius XM by 72.7% during the third quarter. AE Wealth Management LLC now owns 23,579 shares of the company’s stock worth $130,000 after acquiring an additional 9,924 shares during the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Sirius XM (NASDAQ:SIRI)

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