Sirius XM Holdings Option Alert: Jan, 2027 $22 Puts at the Bid: 1800 vs 158 OI

Sirius XM Holdings Option Alert: Jan, 2027 $22 Puts at the Bid: 1800 @ $3.6 vs 158 OI; Ref=$26.6754

Sirius XM Holdings Option Alert: Jan, 2027 $30 Calls at the Bid: 1542 vs 4631 OI

Sirius XM Holdings Option Alert: Jan, 2027 $30 Calls at the Bid: 1542 @ $5.05 vs 4631 OI; Ref=$26.7287

Sirius XM Holdings Option Alert: Jun 20 $25 Calls at the Bid: 3000 vs 4926 OI

Sirius XM Holdings Option Alert: Jun 20 $25 Calls at the Bid: 3000 @ $3.7 vs 4926 OI; Ref=$26.81

Sirius XM Holdings (NASDAQ:SIRI) Azioni

Sirius XM Holdings

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.

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Shares of companies within the broader communication services sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Sirius XM shares are trading higher after Seaport Global upgraded the stock from Neutral to Buy and announced a $27 price target.

Sirius XM Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) has a stable business model that is based on recurring subscription revenues, which makes it a "recession-resistant port in the tariff storm," according to Seaport Research Partners
The Sirius XM Holdings Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b60bd9910001a77adf/david-joyce">Analyst David Joyce</a> upgraded the rating from Neutral to Buy, while keeping the price target unchanged at $27.
The Sirius XM Holdings Thesis: The company's business model makes subscribers "sticky" and its recurring subscription revenues are 100% US, Joyce said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Sirius XM Holdings is likely to generate around 13% growth in free cash flows this year and the next, he added.
"We believe any tariff impacts on car sales would have a de minimis impact on 2025 operations (as it would generally take at least a quarter for a gross addition to turn into revenue post-conversion)," the analyst wrote.
The company faces a soft ad environment, with ad budgets continuing to shift to digital video. However, only around 20% of its revenue has exposed to advertising, Joyce stated.
Given its healthy free cash flow growth, Sirius XM Holdings is likely to continue offering a "telco-like 5% dividend yield," he added.
SIRI Price Action: Shares of Sirius XM Holdings had risen by 3.62% to $20.04 at the time of publication on Wednesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44541934/sirius-xm-bets-on-ev-growth-cheaper-plans-to-boost-subscribers-analyst">SiriusXM Bearish Analyst Highlights Key Near-Term Challenges</a></li>
</ul>
Image: Shutterstock

Analyst Color

Long Ideas

Upgrades

Movers

Sirius XM Is 'Recession-Resistant Port In Tariff Storm': Analyst

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Seaport Global analyst David Joyce upgraded the rating for Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Neutral to Buy and announced a $27 price target. Sirius XM shares closed at $19.34 on Tuesday. <a href="https://www.benzinga.com/quote/siri/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Asad Haider upgraded Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) from Neutral to Buy and raised the price target from $157 to $172. Johnson &amp; Johnson shares closed at $150.00 on Tuesday. <a href="https://www.benzinga.com/quote/jnj/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler analyst Korinne Wolfmeyer upgraded the rating for Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) from Neutral to Overweight but lowered the price target from $38 to $35. Bath &amp; Body Works shares closed at $25.51 on Tuesday. <a href="https://www.benzinga.com/quote/bbwi/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Edison Lee upgraded Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) from Underperform to Hold but lowered the price target from $202.33 to $167.88. Apple shares closed at $172.42 on Tuesday. <a href="https://www.benzinga.com/quote/aapl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Andy Barish upgraded the rating for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Underperform to Hold and maintained the price target of $76. Starbucks shares closed at $79.69 on Tuesday.  <a href="https://www.benzinga.com/quote/sbux/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying AAPL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09080916/image-50-1024x601.png" alt="" class="wp-image-863674" style="width:596px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09080916/image-50-1024x601.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09080916/image-50-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09080916/image-50-768x450.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09080916/image-50.png 1110w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Pre-Market Outlook

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This Apple Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday

Seaport Global analyst David Joyce upgrades Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Neutral to Buy and announces $27 price target.

Price Target

Seaport Global Upgrades Sirius XM Holdings to Buy, Announces $27 Price Target

On Friday, BofA analyst Jessica Reif Ehrlich reiterated an Underperform on Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/SIRI/analyst-ratings" rel="noreferrer noopener">price target of $21</a>.
Sirius XM is focused on overcoming several near-term challenges, some within and some outside of its control, as well as a period of elevated capex and leverage, with the aim of generating $1.5 billion in free cash flow for 2027.
Subscriber churn has stayed historically low in recent years, and Sirius XM has been focused on new pricing and packaging offers to improve value further.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43345721/sirius-xm-q4-earnings-beats-estimates-ceo-highlights-focus-on-in-car-subscriptions-ad-supported-growth" rel="noreferrer noopener">Sirius XM Q4 Earnings Beats Estimates, CEO Highlights Focus On In-Car Subscriptions, Ad-Supported Growth</a>
Meanwhile, one-time headwinds will pressure subscribers in 2025. Notably, auto tariffs may not have a significant impact as Sirius XM&#8217;s trial funnel now includes ~50% used cars and is seeing expanded penetration of EVs.
While still early, Reif Ehrlich noted the recently introduced price increase has been well received and is not driving elevated churn above the normal course.
Reif Ehrlich noted that general economic uncertainty and concerns around the consumer have impacted advertising sales (with CPG, retail, and travel softening).
Specifically, January advertising sales appeared stable, with softness emerging in late February and March, although programmatic has seen typical end-of-quarter strengthening.
Sirius XM&#8217;s podcasting portfolio will help reduce the impact of possible broader advertising weakness. Sirius XM is making considerable effort to re-ignite subgrowth, including utilizing new pricing/packaging as a retention tool.
Additionally, Sirius XM is introducing a post-trial extension tied to recently launched new price points, which improves onboarding and pricing transparency. Later this year, Sirius XM will introduce a lower-priced subscription package containing advertising.
The current 40-channel free access offering being trialed with some OEMs will likely continue as it provides an opportunity to upsell and offers some advertising upside. Each of these efforts is also being utilized to reduce promotional discounting.
For the first quarter, Reif Ehrlich maintained her revenue and EBITDA estimates of $2.05 billion and $606 million, respectively. The analyst increased the first-quarter capex to $205 million (versus $174 million). As a result, the new first-quarter free cash flow estimate is $100 million, although her full-year 2025 free cash flow of $1.149 billion remains in line with company guidance of ~$1.15 billion.
Financially, for 2025, Reif Ehrlich now forecasts revenue of ~$8.5 billion (versus $8.523 billion previously). The new EBITDA forecast is $2.608 billion (versus $2.627 billion) due mainly to the reduction in Pandora advertising.
Price Action: SIRI stock is down 5.42% at $22.53 at the last check on Friday.
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Photo via Shutterstock.

Reiteration

SiriusXM Bearish Analyst Highlights Key Near Term Challenges

JPMorgan analyst Sebastiano Petti reiterated the Underweight rating on SiriusXM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) on Tuesday, <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings" target="_blank" rel="noreferrer noopener">with a price forecast of $20.</a>
The analyst suggests that SiriusXM&#8217;s shares are underperforming due to growth challenges driven by demographic changes, a shift toward lower-priced plans and a revamped pricing strategy. These are expected to lead to near-term ARPU &#8220;dilution&#8221; and margin compression.
Petti has revised Pandora&#8217;s ad-supported revenue downward by 2.5%, now expecting it to reach $351 million. This adjustment follows a warning from CFO Thomas D. Barry in early March about weaker retail and consumer packaged goods advertising spend, driven by economic uncertainty and reduced business confidence.
As a result, the analyst has reduced the revenue forecast for the Pandora segment by 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/25/03/44474850/chinas-deepseek-ups-the-heat-in-openai-rivalry-upgrades-v3-model-improving-coding-and-reasoning-capability" rel="noreferrer noopener">China&#8217;s DeepSeek Ups The Heat In OpenAI Rivalry, Upgrades V3 Model Improving Coding And Reasoning Capability</a>
Despite cost-cutting efforts, the company&#8217;s elevated capital expenditures in the near-to-medium term, combined with increased leverage from its, Liberty Sirius acquisition, will likely delay share repurchases until 2027, further weighing on the stock, according to Petti.
The analyst has revised its estimates for SiriusXM following recent management conference appearances.
Petti writes that first-quarter revenue is adjusted to $2.05 billion, reflecting a 0.6% decline due to lower advertising revenue, particularly in retail and consumer packaged goods, amid macroeconomic uncertainty, though subscriber revenue remains unchanged.
However, the first quarter EBITDA is raised to $580 million, benefiting from improved margins through SG&amp;A cost-cutting and reduced streaming marketing expenses.
The analyst also updated the first quarter free cash flow to $123 million, driven by higher EBITDA, with capital expenditures largely unchanged. For the full year, consolidated revenue is trimmed to $8.50 billion with an EBITDA estimate of $2.60 billion, aligning with the company&#8217;s guidance of $8.5 billion and $2.6 billion, respectively.
The analyst emphasizes the need to monitor advertising trends and ARPU developments, especially as SiriusXM introduces its new $9.99 modular pricing.
Free cash flow for 2025 remains unchanged at $1.15 billion, in line with prior guidance, the analyst notes.
Price Action: SIRI shares are trading higher by 0.94% to $24.18 at last check Tuesday.
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Photo: Shutterstock

General

SiriusXM Faces Headwinds From Pricing Shift, Ad Weakness, Says JPMorgan

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), a company with Warren Buffett as the majority shareholder and chairman has increased its stake in audio entertainment company Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) despite its underperformance in 2024 and reigning analyst price cuts.
What Happened: According to Form-4 filed by Berkshire with the U.S. Securities and Exchange Commission (SEC) on Feb. 3, 2025, the company disclosed its ownership in Sirius with 119,776,692 shares. This represents an over 30% stake in Sirius.
Dave Gretta, a business system analyst at the Hut Group and the author of &#8216;Across The Street From Wall Street&#8217; in an X post said, &#8220;No idea why he bought this stock.&#8221; Gretta added that the stock pays a dividend but the investors are better off investing in Treasury bills with higher returns.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Warren Buffett sitting on a huge paper loss. No idea why he bought this stock. Yeah pays a dividend but better off in T-bills. <a href="https://twitter.com/search?q=%24SIRI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SIRI</a> <a href="https://t.co/pP9Ri56Ad0">pic.twitter.com/pP9Ri56Ad0</a>
&mdash; Dave Gretta &#x7C; author of 2 stock investing books (@DGretta_Author) <a href="https://twitter.com/DGretta_Author/status/1882957693524259205?ref_src=twsrc%5Etfw">January 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The company has a modest dividend yield of 4.20% with a market capitalization of $8.759 billion, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Further, Sirius is valued at a forward price-to-earnings ratio of 8.446 as compared to the industry average of 25.750, which makes it over three times less expensive than its peers.
However, Benzinga Pro data suggests that the shares of the company slumped by 58.46% in 2024 and it has fallen by 48.60% over the last year.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033154/Sirius-XM-one-year-1024x576.png" alt="" class="wp-image-776022" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033154/Sirius-XM-one-year-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033154/Sirius-XM-one-year-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033154/Sirius-XM-one-year-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033154/Sirius-XM-one-year-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033154/Sirius-XM-one-year.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Why It Matters: Apart from the decline in 2024, the 18 analysts tracking the company <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings">according to Benzinga</a> have a consensus &#8216;hold&#8217; rating on the stock.
Most recently, Rosenblatt cut the company&#8217;s target price from $29 to $24 per share on Feb. 3 maintaining a &#8216;neutral&#8217; rating, whereas Barrington Research slashed the price from $30 to $28 apiece on Jan. 31, with an &#8216;outperform&#8217; rating.
According to a report <a href="https://markets.businessinsider.com/news/stocks/sirius-xm-price-target-lowered-to-28-from-30-at-barrington-1034296693">by</a> Markets Insider, Barrington Research believes that leverage remains manageable despite increasing after the Liberty transaction. Strong cash flow is expected to support debt reduction and increased capital returns. 
Guggenheim lowered its price target to $29 from $30, maintaining a &#8220;buy&#8221; rating on Jan. 31, as reported <a href="https://www.investing.com/news/analyst-ratings/guggenheim-cuts-siriusxm-target-to-29-maintains-buy-rating-93CH-3837323">by</a> Investing.com. The firm cited a reassessment of subscriber dynamics, including a shift away from promoting its streaming-only service and the upcoming FTC &#8220;click to cancel&#8221; rule. 
The ratings from Rosenblatt, Barrington Research, and Guggenheim suggest a $27 target, implying a potential upside of 4.25%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/SIRI/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="384" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033050/SIRUS-ANR-1024x384.png" alt="" class="wp-image-776019" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033050/SIRUS-ANR-1024x384.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033050/SIRUS-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033050/SIRUS-ANR-768x288.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/11033050/SIRUS-ANR.png 1059w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Price Action: Sirius closed 1.63% higher at $25.86 apiece on Monday and added 0.21% in after-hours, whereas the exchange-traded fund tracking Nasdaq 100 index, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 1.21% to $529.25, slipping 0.16% in after-hours.
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Photo courtesy: Shutterstock

Warren Buffett's Berkshire Hathaway Loads Up On Sirius XM Amid Price Target Cuts: Company Pays Dividend 'But Better Off In T-Bills,' Says Expert

Whales with a lot of money to spend have taken a noticeably bearish stance on Sirius XM Holdings.
Looking at options history for Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $714,101 and 6, calls, for a total amount of $459,082.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $24.0 and $40.0 for Sirius XM Holdings, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Sirius XM Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Sirius XM Holdings's significant trades, within a strike price range of $24.0 to $40.0, over the past month.
<h3>Sirius XM Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738871129_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.95</td>
<td>$2.9</td>
<td>$2.9</td>
<td>$26.00</td>
<td>$259.9K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.85</td>
<td>$4.75</td>
<td>$4.85</td>
<td>$25.00</td>
<td>$155.2K</td>
<td>4.1K</td>
<td>331</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$2.95</td>
<td>$2.65</td>
<td>$2.92</td>
<td>$26.00</td>
<td>$124.3K</td>
<td>1.1K</td>
<td>4.0K</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.15</td>
<td>$25.00</td>
<td>$114.6K</td>
<td>5.3K</td>
<td>384</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$2.3</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$27.00</td>
<td>$101.0K</td>
<td>6.2K</td>
<td>602</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
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.
After a thorough review of the options trading surrounding Sirius XM Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Sirius XM Holdings</h3>
<ul>
<li>With a trading volume of 4,894,354, the price of SIRI is down by -0.5%, reaching $25.66.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 82 days from now.</li>
</ul>
<h3>What The Experts Say On Sirius XM Holdings</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $26.2.
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&#x2A; Maintaining their stance, an analyst from Guggenheim continues to hold a Buy rating for Sirius XM Holdings, targeting a price of $29. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Neutral rating on Sirius XM Holdings with a target price of $24. 
&#x2A; An analyst from Barrington Research persists with their Outperform rating on Sirius XM Holdings, maintaining a target price of $28. 
&#x2A; An analyst from Guggenheim downgraded its action to Buy with a price target of $29. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Underweight rating on Sirius XM Holdings, which currently sits at a price target of $21. 
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Options

Spotlight on Sirius XM Holdings: Analyzing the Surge in Options Activity

Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO Warren Buffett was able to once again beat the performance of the S&amp;P 500 in 2024, which came as he sold shares of several of his larger positions and added to<a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years"> his cash balance.</a>
Buffett isn't buying much, but one stock continues to catch his attention.
What Happened: Buffett has invested <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">in value stocks </a>over the years, preferring this method of investing in companies trading below their value over investing in unprofitable growth stocks.
This might explain why Buffett could be the reason Berkshire Hathaway is scooping up more shares of satellite radio company Sirius XM Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).
A new SEC <a href="https://investor.siriusxm.com/sec-filings/all-sec-filings##document-6883-0000950170-25-012600-2">filing </a>showed Berkshire Hathaway purchased 2,308,119 shares for around $54 million from Jan. 30 through Feb. 3.
The purchases came after Sirius XM Holdings reported fourth-quarter financial results that <a href="https://www.benzinga.com/news/earnings/25/01/43345721/sirius-xm-q4-earnings-beats-estimates-ceo-highlights-focus-on-in-car-subscriptions-ad-supported-growth">beat analyst estimates.</a>
Berkshire Hathaway now owns 119,776,692 Sirius XM shares — around 35.4% of the company, as reported by <a href="https://www.cnbc.com/amp/2025/02/04/warren-buffetts-berkshire-hathaway-scoops-up-more-sirius-xm-boosting-stake-to-35percent.html">CNBC</a>.
The firm first bought Liberty Media stocks in 2016. It later added to its Sirius XM-specific stake in 2024 as Liberty underwent changes to its public holding companies.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/25/02/43419547/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-52">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: Buffett has not publicly commented on Sirius XM Holdings. It&#8217;s also unclear whether it&#8217;s him or another Berkshire investor buying the shares.
Berkshire Hathaway also added Sirius XM shares in December. The move came as the Buffett-led conglomerate held its cash and sat on the sidelines of the stock market.
Sirius XM stock is down 52% over the last year. This could make the stock a value play with the right financials.
During the fourth-quarter results, Sirius XM CEO Jennifer Witz put an emphasis on the company prioritizing its in-car subscription business, leveraging streaming capabilities and growing its ad-supported audio.
The company currently trades with a price-to-earnings ratio of 7.03x and has a price-to-sales ratio of 0.96x, both considered cheap for value stocks.
Investors are eagerly awaiting public comments from Buffett on why Berkshire Hathaway is a big buy from the company. Until then, investors may just have to invest alongside the Oracle of Omaha or take a wait and see approach.
Price Action: Sirius XM Holdings stock trades at $24.62 on Wednesday versus a 52-week trading range of $20.47 to $51.80.
Read Next: 
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<li><a href="https://www.benzinga.com/top-stories/24/12/42706002/warren-buffett-said-selling-disney-was-a-huge-mistake-legendary-investor-should-have-been-buying">Warren Buffett Said Selling Disney &#8216;Was A Huge Mistake&#8217;: Legendary Investor &#8216;Should Have Been Buying&#8217;</a></li>
</ul>
Image: Shutterstock

Warren Buffett Buys More Shares Of Stock Down 52% Over Last Year: Here's What The Oracle Of Omaha Purchased

Rosenblatt analyst Barton Crockett maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Neutral and lowers the price target from $29 to $24.

Rosenblatt Maintains Neutral on Sirius XM Holdings, Lowers Price Target to $24

Guggenheim analyst Curry Baker reiterates Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Buy and maintains $29 price target.

Guggenheim Reiterates Buy on Sirius XM Holdings, Maintains $29 Price Target

Barrington Research analyst James Goss maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Outperform and maintains $30 price target.

Barrington Research Maintains Outperform on Sirius XM Holdings, Maintains $30 Price Target

Sirius XM Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) reported a <a href="https://www.benzinga.com/topic/sirius-xm">fiscal fourth-quarter 2024</a> revenue decline of 4% year-on-year to $2.19 billion, topping the analyst consensus estimate of $2.17 billion. 
Adjusted EPS of 83 cents beat the <a href="https://www.benzinga.com/calendars/earnings">analyst consensus estimate of 66 cents</a>.
Subscriber revenue was $1.63 billion in the quarter, down from <a href="https://investor.siriusxm.com/">$1.72 billion a year ago</a>.
Advertising revenue was $477 million, down from $479 million a year ago.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43315306/strykers-strategic-moves-impress-analysts-spine-implant-sale-and-nari-deal-set-to-drive-future-growth'">Stryker&#8217;s Strategic Moves Impress Analysts, Spine Implant Sale and NARI Deal Set to Drive Future Growth</a>
For the year, SiriusXM self-pay subscribers decreased by 296,000 to 33.1 million total subscribers versus 33.8 million Y/Y.
The self-pay monthly churn declined Y/Y to 1.5% for the quarter. SiriusXM added 149,000 self-pay subscribers in the quarter.
SiriusXM segment revenue declined 6% year over year to $1.62 billion during the quarter, driven by a lower average base of self-pay subscribers and a 53 cents year-over-year decrease in average revenue per user (ARPU).
ARPU decreased to $15.16 from $15.69 Y/Y. SiriusXM segment gross margin declined 100 bps to 60% Y/Y.
Pandora segment advertising revenue remained flat Y/Y at $434 million for the quarter.
Pandora&#8217;s Monthly Active Users (MAUs) were 43.34 million, down from 46.03 million in 2023. The total number of ad-supported listener hours was 2.39 billion in the quarter, down from 2.53 billion Y/Y.
The Pandora segment gross margin remained firm Y/Y at 34% for the quarter, while the gross profit declined by 1% Y/Y.
The adjusted EBITDA declined 4% Y/Y at $688 million due to lower subscriber revenue.
The company reported a net loss of $287 million.
Sirius generated $516 million in free cash flow in the quarter, versus $402 a year ago. It held $162 million in cash and equivalents as of December 31, 2024.
CEO Jennifer Witz noted by prioritizing our core in-car subscription business, leveraging its streaming capabilities, and growing its leadership in ad-supported audio, the company is well-positioned to deliver long-term value.
FY25 Outlook: Sirius XM expects revenue of $8.500 billion versus the <a href="https://www.benzinga.com/calendars/guidance">consensus of $8.594 billion</a>. It also projected an adjusted EBITDA of $2.60 billion and expects a free cash flow of $1.15 billion.
Price Action: SIRI stock is up 5.49% at $23.07 at the last check on Thursday.
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</ul>
Image: Shutterstock

Earnings

Guidance

Sirius XM Q4 Earnings Beats Estimates, CEO Highlights Focus On In-Car Subscriptions, Ad-Supported Growth

SiriusXM shares are trading higher after the company reported Q4 financial results and beat its EPS and sales estimate.

2025 FULL-YEAR FINANCIAL GUIDANCE The company reiterated its full-year 2025 guidance for revenue, adjusted EBITDA, and free cash flow as follows: • Total revenue of approximately $8.5 billion, • Adjusted EBITDA of approximately $2.6 billion, and • Free cash flow of approximately $1.15 billion.

SiriusXM Reiterated FY25 Revenue $8.5B Vs $8.594B Est, Adj EBITDA Of $2.6B, And Free Cash Flow Of $1.15B

Earnings Beats

Sirius XM Holdings Q4 2024 GAAP EPS $0.83 Beats $0.66 Estimate, Sales $2.188B Beat $2.169B Estimate

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Earnings Scheduled For January 30, 2025

Guggenheim analyst Curry Baker maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Buy and lowers the price target from $30 to $29.

Guggenheim Maintains Buy on Sirius XM Holdings, Lowers Price Target to $29

Morgan Stanley analyst Cameron Mansson-Perrone maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Underweight and lowers the price target from $23 to $21.

Morgan Stanley Maintains Underweight on Sirius XM Holdings, Lowers Price Target to $21

Press Releases

SiriusXM Appoints Wayne D. Thorsen Executive Vice President and Chief Operating Officer

SiriusXM to Report Fourth Quarter and Full-Year 2024 Operating and Financial Results

Dividends

SiriusXM Declares Quarterly Cash Dividend

SiriusXM Reports Fourth Quarter and Full-Year 2024 Operating and Financial Results

SiriusXM Appoints Richard N. Baer as Executive Vice President, General Counsel and Secretary

SiriusXM to Present at the 33rd Annual Deutsche Bank Media, Internet & Telecom Conference

SiriusXM to Present at the Morgan Stanley Technology, Media & Telecom Conference

Comments

Sirius XM Holdings

Unusual Options Activity for

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
01:53 PMFeb 14, 2025	PUT	$22.00	Jan 15, 2027	634	1800	1800	1139	158	TRADE	NEUTRAL
11:03 AMFeb 14, 2025	CALL	$30.00	Jan 15, 2027	634	1543	1542	33	4631	TRADE	BEARISH
09:36 AMFeb 14, 2025	CALL	$25.00	Jun 20, 2025	60	3025	3000	61	4926	TRADE	BEARISH