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

Sirius XM (NASDAQ:SIRI) had its target price lowered by equities researchers at Barrington Research from $40.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s target price points to a potential upside of 24.43% from the company’s current price. Barrington Research also issued estimates for Sirius XM’s FY2026 earnings at $3.29 EPS.

A number of other research analysts have also commented on SIRI. StockNews.com initiated coverage on Sirius XM in a report on Wednesday, November 13th. They set a “sell” rating on the stock. Seaport Res Ptn cut shares of Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Benchmark reaffirmed a “buy” rating and issued a $43.00 price target on shares of Sirius XM in a research note on Tuesday, October 15th. Morgan Stanley reiterated an “underweight” rating and set a $23.00 price objective on shares of Sirius XM in a research note on Tuesday, September 24th. Finally, Guggenheim restated a “buy” rating and issued a $30.00 target price on shares of Sirius XM in a research report on Wednesday. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.27.

Sirius XM Stock Down 2.8 %

SIRI opened at $24.11 on Friday. The stock’s 50 day moving average price is $26.35 and its 200 day moving average price is $28.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $8.18 billion, a P/E ratio of -3.80 and a beta of 1.03. Sirius XM has a 12 month low of $22.18 and a 12 month high of $57.80.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 869,800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was purchased at an average price of $23.55 per share, with a total value of $20,483,790.00. Following the purchase, the insider now owns 106,024,829 shares of the company’s stock, valued at approximately $2,496,884,722.95. This trade represents a 0.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders purchased a total of 2,646,761 shares of company stock valued at $65,952,329 over the last three months. Insiders own 0.79% of the company’s stock.

Institutional Trading of Sirius XM

A number of hedge funds have recently modified their holdings of the business. Coston McIsaac & Partners grew its holdings in shares of 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 buying an additional 624 shares in the last quarter. TCTC Holdings LLC acquired a new stake in Sirius XM during the 3rd quarter worth about $29,000. Princeton Global Asset Management LLC grew its stake in Sirius XM by 2,683.7% during the 3rd quarter. Princeton Global Asset Management LLC now owns 1,364 shares of the company’s stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Sirius XM during the 2nd quarter valued at about $35,000. Finally, Riverview Capital Advisers LLC acquired a new position in shares of Sirius XM in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

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.