Media stories about Sirius XM (NASDAQ:SIRI) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sirius XM earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.9275490664542 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Sirius XM from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Zacks Investment Research upgraded shares of Sirius XM from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Wednesday, March 28th. BidaskClub upgraded shares of Sirius XM from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 27th. Citigroup downgraded shares of Sirius XM from a “buy” rating to a “neutral” rating and set a $6.65 price target for the company. in a report on Thursday, March 22nd. Finally, Goldman Sachs upped their price target on shares of Sirius XM from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Sirius XM currently has an average rating of “Buy” and an average target price of $6.21.
NASDAQ SIRI remained flat at $$6.26 on Monday. The company had a trading volume of 14,528,778 shares, compared to its average volume of 20,749,980. The firm has a market capitalization of $28,119.07, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11. Sirius XM has a 1-year low of $4.73 and a 1-year high of $6.62. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of -4.42.
Sirius XM (NASDAQ:SIRI) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.05 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Sirius XM had a negative return on equity of 79.79% and a net margin of 11.94%. sell-side analysts anticipate that Sirius XM will post 0.24 earnings per share for the current year.
Sirius XM announced that its board has authorized a share buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
In other Sirius XM news, VP Thomas D. Barry sold 175,777 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.11, for a total transaction of $1,073,997.47. Following the completion of the sale, the vice president now directly owns 551,815 shares in the company, valued at approximately $3,371,589.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph A. Verbrugge sold 863,570 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $6.10, for a total value of $5,267,777.00. Following the sale, the executive vice president now owns 2,986,689 shares of the company’s stock, valued at $18,218,802.90. The disclosure for this sale can be found here. Insiders sold 1,113,308 shares of company stock valued at $6,822,521 over the last 90 days. 1.06% of the stock is currently owned by company insiders.
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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.
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