Sirius XM Holdings (SIRI) is Reiterated by Pivotal Research Group to Buy, Raises Price Target to $ 5.65

Sirius XM Holdings (SIRI) was Reiterated by Pivotal Research Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 5.65 from a previous price target of $5 . Pivotal Research Group advised their investors in a research report released on Sep 30, 2016.

Many Wall Street Analysts have commented on Sirius XM Holdings. Company shares were Reiterated by RBC Capital Mkts on Jul 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 4.75 from a previous price target of $4.25 .Telsey Advisory Group Initiated Sirius XM Holdings on Jul 12, 2016 to “Market Perform”, Price Target of the shares are set at $4.59.

On the company’s financial health, Sirius XM Holdings reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.04. The company had revenue of $1235.57 million for the quarter, compared to analysts expectations of $1224.54 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Sirius XM Holdings closed down -0.005 points or -0.12% at $4.16 with 2,20,51,566 shares getting traded on Tuesday. Post opening the session at $4.16, the shares hit an intraday low of $4.15 and an intraday high of $4.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jul 28, 2016, Dara F Altman (EVP & Chief Admin. Officer) sold 514,625 shares at $4.36 per share price. According to the SEC, on Jul 28, 2016, David J Frear (Senior EVP and CFO) sold 442,699 shares at $4.36 per share price. On Jul 28, 2016, Scott Andrew Greenstein (Pres. & Chief Content Officer) sold 241,355 shares at $4.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Sirius XM Holdings

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