What Is the Outlook for Sirius XM Shares?

Sirius XM shares rose 4.9% this evening to a price of $4.71. The stock is still trading within range of its average target price of $4.84, and over the last 52 weeks, it has recorded a -23.0% performance. Analysts have given the large-cap Broadcasting stock target prices ranging from $3.5 to $7.0 dollars per share, with an average rating of hold.

The stock has an unusually large proportion of its shares sold short at 29.1%, and a short ratio of 15.55. The company's insiders own 83.6% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a very small number of institutional investors are invested in the stock, with 12.9% of Sirius XM's shares being owned by this investor type.

Institutions Invested in Sirius XM

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 1% 54,318,582 $255,840,523
2023-09-30 Blackrock Inc. 1% 44,663,175 $210,363,555
2023-09-30 State Street Corporation 1% 28,809,557 $135,693,014
2023-09-30 AQR Capital Management, LLC 0% 14,641,104 $68,959,600
2023-09-30 Citigroup Inc. 0% 14,172,896 $66,754,340
2023-09-30 Geode Capital Management, LLC 0% 12,505,030 $58,898,691
2023-09-30 Northern Trust Corporation 0% 11,256,094 $53,016,203
2023-09-30 New York State Common Retirement Fund 0% 10,303,486 $48,529,419
2023-09-30 Berkshire Hathaway, Inc 0% 9,683,224 $45,607,985
2023-09-30 Morgan Stanley 0% 9,538,860 $44,928,030

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Sirius XM.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.