Uncovering Institutional Buying In Sirius XM Holdings Inc (NASDAQ: SIRI)

Currently, there are 3.84B common shares owned by the public and among those 623.87M shares have been available to trade.

The company’s stock has a 5-day price change of 0.00% and -29.20% over the past three months. SIRI shares are trading -29.07% year to date (YTD), with the 12-month market performance up to 1.04% higher. It has a 12-month low price of $3.32 and touched a high of $7.95 over the same period. SIRI has an average intraday trading volume of 13.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.68%, -16.56%, and -17.18% respectively.

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Institutional ownership of Sirius XM Holdings Inc (NASDAQ: SIRI) shares accounts for 11.00% of the company’s 3.84B shares outstanding.

It has a market capitalization of $14.91B and a beta (3y monthly) value of 1.04. The stock’s trailing 12-month PE ratio is 11.95, while the earnings-per-share (ttm) stands at $0.32. The company has a PEG of 1.71 and a Quick Ratio of 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.10% over the week and 2.63% over the month.

Analysts forecast that Sirius XM Holdings Inc (SIRI) will achieve an EPS of $0.07 for the current quarter, $0.07 for the next quarter and $0.33 for 2025. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.07. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -6.87%, and 7.94% over the next financial year. EPS should grow at an annualized rate of 7.00% over the next five years, compared to 4.66% over the past 5-year period.

Looking at the support for the SIRI, a number of firms have released research notes about the stock. Guggenheim stated their Neutral rating for the stock in a research note on March 14, 2024, with the firm’s price target at $4. Wells Fargo coverage for the Sirius XM Holdings Inc (SIRI) stock in a research note released on January 23, 2024 offered a Underweight rating with a price target of $4.50. Pivotal Research Group was of a view on August 02, 2023 that the stock is Hold, while Deutsche Bank gave the stock Hold rating on August 02, 2023, issuing a price target of $6.25- $6. Seaport Research Partners on their part issued Neutral rating on July 31, 2023.

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