Headlines about Sirius XM (NASDAQ:SIRI) have been trending somewhat positive on Thursday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sirius XM earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.0217089380976 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- T-Mobile customers can get free Red Bull and SiriusXM streaming next Tuesday (tmonews.com)
- SiriusXM Streaming Performances from Willie Nelson’s 4th of July Picnic (jambands.com)
- Willie Nelson To Host Annual 4th Of July Picnic, SiriusXM To Broadcast Live (allaccess.com)
- SiriusXM Announces Willie Nelson’s 4th Of July Picnic Broadcasts (jambase.com)
- Sirius XM Holdings Inc (SIRI) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
A number of brokerages have weighed in on SIRI. BidaskClub upgraded shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 16th. Buckingham Research reissued a “neutral” rating and issued a $7.00 target price on shares of Sirius XM in a research note on Monday, May 7th. Pivotal Research downgraded shares of Sirius XM from a “buy” rating to a “hold” rating and set a $7.75 target price on the stock. in a research note on Tuesday, June 19th. Bank of America raised their target price on shares of Sirius XM from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. Finally, Zacks Investment Research downgraded shares of Sirius XM from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.56.
Shares of Sirius XM opened at $6.75 on Thursday, MarketBeat Ratings reports. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 1.84 and a beta of 1.11. The company has a quick ratio of 0.17, a current ratio of 0.18 and a debt-to-equity ratio of -4.35. Sirius XM has a 1-year low of $5.17 and a 1-year high of $7.70.
Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Wednesday, April 25th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.37 billion. Sirius XM had a net margin of 13.26% and a negative return on equity of 76.24%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. equities analysts forecast that Sirius XM will post 0.25 earnings per share for the current fiscal year.
In other Sirius XM news, CFO David J. Frear sold 725,350 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $6.56, for a total transaction of $4,758,296.00. Following the completion of the transaction, the chief financial officer now directly owns 1,508,371 shares of the company’s stock, valued at approximately $9,894,913.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David J. Frear sold 704,561 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $6.84, for a total transaction of $4,819,197.24. Following the transaction, the chief financial officer now directly owns 2,008,371 shares of the company’s stock, valued at $13,737,257.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,424,320 shares of company stock valued at $16,542,720. 0.76% of the stock is owned by company insiders.
About Sirius XM
Sirius XM Holdings Inc provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and limited run channels.
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