SiriusXMSIRI
About: Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.
Employees: 5,680
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
354% more capital invested
Capital invested by funds: $1.27B [Q2] → $5.78B (+$4.51B) [Q3]
60.29% more ownership
Funds ownership: 11.69% [Q2] → 71.99% (+60.29%) [Q3]
43% more call options, than puts
Call options by funds: $681M | Put options by funds: $477M
10% less funds holding
Funds holding: 558 [Q2] → 501 (-57) [Q3]
23% less first-time investments, than exits
New positions opened: 188 | Existing positions closed: 245
74% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 247
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Wells Fargo Steven Cahall 61% 1-year accuracy 23 / 38 met price target | 31%downside $16 | Underweight Maintained | 19 Dec 2024 |
Barrington Research James Goss 55% 1-year accuracy 53 / 96 met price target | 30%upside $30 | Outperform Maintained | 13 Dec 2024 |
Guggenheim Curry Baker 38% 1-year accuracy 8 / 21 met price target | 30%upside $30 | Buy Reiterated | 11 Dec 2024 |
Rosenblatt Barton Crockett 73% 1-year accuracy 41 / 56 met price target | 26%upside $29 | Neutral Maintained | 11 Dec 2024 |
JP Morgan Sebastiano Petti 82% 1-year accuracy 9 / 11 met price target | 9%downside $21 | Underweight Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 35 articles about SIRI published over the past 30 days