SiriusXM (SIRI)

• Market cap: $7.55B
• 1 day: 1.55%
• 5 days: 7.12%
• 1 month: -0.31%
• 3 months: -17.82%
• 6 months: -41.39%
• Year to date: 0.77%
• 1 year: -57.66%
• 5 years: -68.94%
• 10 years: -36.19%
• Sector: Communication Services
• Industry: Radio Broadcasting Stations

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)

361% more capital invested

Capital invested by funds: $1.31B [Q2] → $6.02B (+$4.71B) [Q3]

62.99% more ownership

Funds ownership: 12.0% [Q2] → 74.99% (+62.99%) [Q3]

43% more call options, than puts

Call options by funds: $681M | Put options by funds: $477M

10% less funds holding

Funds holding: 559 [Q2] → 501 (-58) [Q3]

21% less first-time investments, than exits

New positions opened: 188 | Existing positions closed: 238

74% less repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 247

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16 28% downside
• Avg. target: $26 17% upside
• High target: $37 66% upside

8 analyst ratings

• positive: 3 38%
• neutral: 2 25%
• negative: 3 38%

Wells Fargo Steven Cahall 59% 1-year accuracy 23 / 39 met price target	28% downside $16	Underweight Maintained	19 Dec 2024
Barrington Research James Goss 53% 1-year accuracy 51 / 96 met price target	35% upside $30	Outperform Maintained	13 Dec 2024
Guggenheim Curry Baker 33% 1-year accuracy 7 / 21 met price target	35% upside $30	Buy Reiterated	11 Dec 2024
Rosenblatt Barton Crockett 72% 1-year accuracy 39 / 54 met price target	30% upside $29	Neutral Maintained	11 Dec 2024
JP Morgan Sebastiano Petti 82% 1-year accuracy 9 / 11 met price target	6% downside $21	Underweight Maintained	7 Nov 2024