Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) insider Scott Andrew Greenstein sold 1,447,238 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $3.16, for a total transaction of $4,573,272.08. Following the completion of the sale, the insider now directly owns 989,331 shares in the company, valued at $3,126,285.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Sirius XM Trading Down 0.6 %
NASDAQ SIRI opened at $3.14 on Monday. The company has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $3.59. Sirius XM Holdings Inc. has a 52 week low of $2.45 and a 52 week high of $5.78. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08.
Sirius XM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be issued a $0.0266 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, August 9th. Sirius XM’s dividend payout ratio (DPR) is 30.30%.
Institutional Trading of Sirius XM
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SIRI. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sirius XM from $3.75 to $3.00 and set a “hold” rating on the stock in a research note on Tuesday, August 6th. Wells Fargo & Company cut their price objective on Sirius XM from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Wednesday, May 1st. Rosenblatt Securities decreased their target price on Sirius XM from $4.50 to $3.40 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. The Goldman Sachs Group raised Sirius XM from a “sell” rating to a “neutral” rating and dropped their price target for the company from $3.50 to $3.25 in a research report on Wednesday, May 1st. Finally, StockNews.com initiated coverage on shares of Sirius XM in a report on Sunday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Sirius XM has an average rating of “Hold” and an average price target of $3.80.
Get Our Latest Research Report on Sirius XM
About Sirius XM
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.
Further Reading
- Five stocks we like better than Sirius XM
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for Sirius XM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sirius XM and related companies with MarketBeat.com's FREE daily email newsletter.