Buckingham Research assumed coverage on shares of Sirius XM (NASDAQ:SIRI) in a research note released on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $6.50 target price on the stock.

Several other equities research analysts also recently weighed in on the company. Deutsche Bank raised Sirius XM from a hold rating to a buy rating and increased their price objective for the company from $5.25 to $6.50 in a report on Friday. BidaskClub downgraded Sirius XM from a sell rating to a strong sell rating in a report on Thursday. Royal Bank of Canada set a $6.00 price objective on Sirius XM and gave the company a hold rating in a report on Thursday, January 11th. Zacks Investment Research downgraded Sirius XM from a hold rating to a sell rating in a report on Friday, January 5th. Finally, Barrington Research downgraded Sirius XM from an outperform rating to a market perform rating in a report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Sirius XM presently has a consensus rating of Hold and an average price target of $6.01.

Shares of Sirius XM (NASDAQ:SIRI) traded up $0.13 on Friday, reaching $5.60. The company had a trading volume of 26,330,000 shares, compared to its average volume of 22,420,000. 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 firm has a market capitalization of $25,140.00, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 1.29 and a beta of 1.12. Sirius XM has a 52-week low of $4.57 and a 52-week high of $5.89.

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

In other Sirius XM news, EVP Patrick L. Donnelly sold 1,374,479 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 227,430 shares in the company, valued at $1,296,351. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James E. Meyer sold 172,704 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $5.68, for a total value of $980,958.72. Following the completion of the transaction, the chief executive officer now 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. 1.06% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SIRI. Eaton Vance Management purchased a new position in Sirius XM in the second quarter worth $277,000. Wells Fargo & Company MN raised its position in Sirius XM by 29.6% in the second quarter. Wells Fargo & Company MN now owns 3,179,685 shares of the company’s stock worth $17,392,000 after acquiring an additional 726,832 shares in the last quarter. Amalgamated Bank raised its position in Sirius XM by 50.6% in the second quarter. Amalgamated Bank now owns 160,382 shares of the company’s stock worth $877,000 after acquiring an additional 53,905 shares in the last quarter. Laurion Capital Management LP raised its position in Sirius XM by 49.6% in the second quarter. Laurion Capital Management LP now owns 56,120 shares of the company’s stock worth $307,000 after acquiring an additional 18,600 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Sirius XM by 1.6% in the second quarter. PNC Financial Services Group Inc. now owns 113,475 shares of the company’s stock worth $621,000 after acquiring an additional 1,828 shares in the last quarter. Hedge funds and other institutional investors own 19.64% of the company’s stock.

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Sirius XM Company Profile

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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