Citigroup Maintains Sirius XM Holdings to Buy with Price Target $4.85

Brokerage firm Citigroup Maintains its rating on Sirius XM Holdings(NASDAQ:SIRI). In a research note issued to the investors, the brokerage major Raises the price-target to $4.85 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 18, 2016.

In a different note, Telsey Advisory Group said it Initiates Coverage on Sirius XM Holdings, according to a research note issued on Jul 12, 2016. The shares have been rated ‘Market Perform’ by the firm.

Sirius XM Holdings (SIRI) remained unchanged at the close of Monday session. Even as the volume increased to 6,31,29,638 ,the shares failed to make any impression and ended at 0 points or 0.00% at $4.16. The trading session commenced at $4.17 and the stock hit a high of $4.2 and touched $4.15 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $4.44 and the 52-week low is $3.29. The company has a market cap of $20,292 M and has approximately 4,87,78,89,200 outstanding shares.

Sirius XM Holdings(SIRI) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.24B. Analysts had an estimated revenue of $1.22B. Earnings per share were $0.03. Analysts had estimated an EPS of $0.04.

Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Dara F Altman (EVP & Chief Admin. Officer) sold 514,625 shares at $4.36 per share price.Also, 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.

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