Dernières nouvelles pour Sirius XM Holdings (NASDAQ:SIRI) Stock

Sirius XM Holdings

Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the US and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service; it has a robust and growing podcast library. Liberty Media owns 84% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.

Sirius XM Holdings Inc

SIRIUS XM HOLDINGS ORD

SIRIUSXM HOLDINGS ORD

SIRIOS RESOURCES CORP by Sirios Resources Inc.

Sirios Resources Inc

SIRIUS REAL EST LTD ORD by SIRIUS REAL ESTATE LTD

Sirius Real Estate Ltd

SiriusPoint Ltd

SiriusPoint Ltd. 8.00% Resettable Fixed Rate Preference Shares, Series B, $25.00 liquidation preference per share

SiriusXM (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siri#NASDAQ">SIRI</a>) finds itself at a critical juncture in 2024. The satellite radio giant has experienced a dramatic 56.8% decline in its stock price year to date, underperforming the broader Zacks Consumer Discretionary sector&#39;s return of 4.9% and raising questions about its future prospects and whether this presents a prime buying opportunity for astute investors.
SiriusXM&#39;s recent stock decline due to market volatility, interest rate concerns and digital media disruption arguably offers an attractive entry point for value investors. The strategic acquisition of Pandora has catapulted SiriusXM to the forefront of audio entertainment, boasting an unparalleled North American listener base exceeding 100 million. This merger combines SiriusXM&#39;s robust subscription model with Pandora&#39;s lucrative ad-based platform, creating a diversified revenue stream. The synergistic alliance enables cross-platform content distribution, potentially amplifying user engagement, advertiser appeal, and content creator attraction. With its enhanced scale, diverse content portfolio, and dual-model approach, SiriusXM is uniquely positioned to capitalize on the evolving digital audio landscape, offering substantial growth potential for long-term investors.
<h2>Year-to-Date Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f9/79824.jpg?v=382191643" style="height:310px; width:620px" />
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<h2>SIRI Expands Horizons in the Digital Audio Landscape</h2>
Despite a challenging stock performance, SiriusXM continues to demonstrate resilience and adaptability in the evolving audio entertainment landscape. The company&#39;s core business remains robust, with a dominant position in the in-vehicle audio entertainment space reinforced by long-standing partnerships with major automakers like Toyota and Ford. As the automotive industry shifts toward electric and autonomous vehicles, SiriusXM has strategically positioned itself as a key player in the future of in-car entertainment and information services.
SiriusXM&#39;s expansion beyond traditional satellite radio has been a game-changer. The company&#39;s investments in streaming capabilities and exclusive podcast content have allowed it to compete more effectively with pure-play streaming services. This diversification strategy has successfully tapped into younger demographics and expanded the subscriber base beyond car owners.
A significant milestone in this expansion was the launch of SiriusXM Podcasts+ in August. This new subscription service, available directly in Apple Podcasts, offers ad-free listening, exclusive bonus content and early access to new episodes of popular shows. The service includes high-profile podcasts like SmartLess and Last Podcast on the Left, among others. This move not only enhances SiriusXM&#39;s podcast offerings but also strengthens its position in the competitive podcast market.
The integration of artificial intelligence and machine learning into SiriusXM&#39;s platform has significantly improved its personalization capabilities. This technological advancement has enhanced user experience, increased listener engagement and improved retention rates. The ability to offer tailored content recommendations has become a key differentiator for SiriusXM in the crowded audio entertainment market.
From a valuation perspective, SiriusXM&#39;s current stock price presents an intriguing opportunity for long-term investors. The company&#39;s forward 12-month price-to-earnings (P/E) ratio of 7.05 is significantly below the Zacks Broadcast Radio and Television industry average of 28.57. While this discounted valuation could reflect market concerns, it also suggests a potential upside if the company continues to execute its growth strategy successfully.
<h2>SIRI&#39;s P/E F12M Ratio Depicts Discounted Valuation</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/21/79826.jpg?v=511534816" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
Looking ahead, SiriusXM is well-positioned to capitalize on emerging trends in the audio entertainment industry. The company&#39;s investments in voice-activated technology and integration with smart home devices are opening new avenues for growth. Moreover, SiriusXM&#39;s exploration of interactive and visual elements to complement its audio offerings could revolutionize consumer engagement with radio content.
SiriusXM&#39;s commitment to exclusive content remains a strong selling point. Recent high-profile deals with popular podcasters like Alex Cooper and musicians, including Coldplay, Eric Church, and Jelly Roll, have further enriched its content library, appealing to a diverse audience.
While challenges persist, including navigating the evolving landscape of digital rights and royalties, SiriusXM&#39;s management has demonstrated adaptability and forward-thinking leadership. The company&#39;s efforts to streamline its technology infrastructure and embrace cloud-based solutions are expected to yield operational efficiencies and cost savings in the coming years.
Despite a projected 2.19% year-over-year decline in revenues for 2024, with the Zacks Consensus Estimate pegged at $3.25 billion, the consensus estimate for earnings has moved up by 3.8% to $3.25 per share over the past 30 days. This suggests growing optimism about SiriusXM&#39;s profitability, even in a challenging market environment.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/53/79825.jpg?v=426833867" style="height:310px; width:620px" />
Image Source: Zacks Investment Research
<h2>Tesla to Spotify: SIRI&#39;s Rivals Spell Trouble</h2>
Sirius XM faces intense competition in an increasingly competitive and rapidly evolving audio entertainment landscape, raising concerns about its future viability.
SiriusXM&#39;s traditional stronghold &mdash; the automotive sector &mdash; is facing unprecedented disruption. The rise of electric vehicles (EVs) and autonomous driving technology has opened the door for tech giants and innovative startups to challenge SiriusXM&#39;s once-unassailable position in in-car entertainment. Tesla, for instance, has been equipping its vehicles with its own entertainment system, bypassing traditional satellite radio altogether.
The streaming audio market, once viewed as a complementary service to SiriusXM&#39;s core business, has now become an existential threat. Spotify (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>), Apple&nbsp;Music and Amazon Music have continued to expand their user bases, offering personalized playlists, exclusive content and seamless integration across multiple devices.
While SiriusXM has invested heavily in podcast content and technology, it faces fierce competition from dedicated podcast platforms like Spotify and Apple Podcasts, as well as newcomers like Substack and Patreon, which offer creators more control and monetization options.
<h2>Conclusion</h2>
While SiriusXM&#39;s stock performance so far in 2024 has been disappointing, the company&#39;s strong market position, innovative strategies and dual-model approach make it an intriguing option for investors with a longer time horizon. The current dip in stock price could indeed represent a buying opportunity for those who believe in the company&#39;s ability to navigate the changing media landscape and capitalize on emerging technologies. SiriusXM currently sports a Zacks Rank #1 (Strong Buy).
<a href="https://www.zacks.com/stock/news/2344059/siriusxm-stock-tanks-56-8-year-to-date-time-to-buy-the-dip?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2344059">To read this article on Zacks.com click here.</a>

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SIRI

SPOT

SiriusXM Stock Tanks 56.8% Year to Date: Time to Buy the Dip?

Citigroup analyst Jason Bazinet maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Sell, adjusts target to $21 from $2.8 (reverse stock split 1:10).

Price Target

Citigroup Maintains Sell on Sirius XM Holdings, Adjusts Price Target To $21 (reverse stock split 1:10)

Whales with a lot of money to spend have taken a noticeably bullish 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 15 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $587,084 and 8, calls, for a total amount of $319,637.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $35.0 for Sirius XM Holdings over the recent three months. 
<h3>Volume &amp; Open Interest Development</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 $20.0 to $35.0, over the past month.
<h3>Sirius XM Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727206253_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$7.0</td>
<td>$6.6</td>
<td>$6.72</td>
<td>$30.00</td>
<td>$145.4K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">216</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.25</td>
<td>$10.75</td>
<td>$11.08</td>
<td>$35.00</td>
<td>$119.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">108</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.8</td>
<td>$6.6</td>
<td>$6.8</td>
<td>$30.00</td>
<td>$100.4K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">439</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$11.25</td>
<td>$10.8</td>
<td>$11.17</td>
<td>$35.00</td>
<td>$82.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">219</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.65</td>
<td>$6.6</td>
<td>$6.6</td>
<td>$20.00</td>
<td>$63.3K</td>
<td style="text-align: right;">441</td>
<td style="text-align: right;">101</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the US and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service; it has a robust and growing podcast library. Liberty Media owns 84% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.
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>Sirius XM Holdings's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 5,820,135, the SIRI's price is down by -5.69%, now at $24.14. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>Professional Analyst Ratings for Sirius XM Holdings</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $26.75.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Sirius XM Holdings, targeting a price of $28. 
&#x2A; Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $23. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Sirius XM Holdings with a target price of $26. 
&#x2A; An analyst from Guggenheim upgraded its action to Buy with a price target of $30. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sirius XM Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

A Closer Look at Sirius XM Holdings's Options Market Dynamics

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

Initiation

Morgan Stanley Reinstates Underweight on Sirius XM Holdings, Announces $23 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59b1370215737d0001bc14de/ryan-zimmerman">BTIG analyst Ryan Zimmerman</a> upgraded GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) from Neutral to Buy and announced a price target of $100. Dell shares gained 0.2% to close at $86.79 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim analyst Curry Baker upgraded 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 $30 price target. Sirius XM shares fell 1.6% to close at $23.27 on Tuesday. <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/594d093d988ca8000150db4e/jonathan-petersen">Jefferies analyst Jonathan Petersen</a> upgraded the rating for Extra Space Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) from Hold to Buy and raised the price target from $162 to $204. Extra Space Storage shares gained 0.7% to close at $178.78 on Tuesday. <a href="https://www.benzinga.com/quote/EXR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst Adrienne Yih upgraded the rating for Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) from Underweight to Equal-Weight and raises the price target from $23 to $25 Victoria&#8217;s Secret shares gained 3% to close at $24.27 on Tuesday. <a href="https://www.benzinga.com/quote/VSCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64fb1c739ab00f000169d491/scott-heleniak">RBC Capital analyst Scott Heleniak</a> upgraded the rating for NMI Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMIH#NASDAQ">NMIH</a>) from Sector Perform to Outperform and boosted the price target from $40 to $48. NMI Holdings shares fell 1.4% to close at $41.15 on Tuesday. <a href="https://www.benzinga.com/quote/NMIH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GEHC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="523" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png" alt="" class="wp-image-554014" style="width:615px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-1024x523.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142-768x392.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18091924/image-142.png 1315w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Pre-Market Outlook

GEHC

NMIH

VSCO

This GE HealthCare Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

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

Upgrades

Guggenheim Upgrades Sirius XM Holdings to Buy, Announces $30 Price Target

Goldman Sachs analyst Stephen Laszczyk 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 $32.5 to $26.

Goldman Sachs Maintains Neutral on Sirius XM Holdings, Lowers Price Target to $26

Deep-pocketed investors have adopted a bullish approach towards Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SIRI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Sirius XM Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 40% bearish. Among these notable options, 5 are puts, totaling $480,792, and 5 are calls, amounting to $1,488,950.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $35.0 for Sirius XM Holdings during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sirius XM Holdings's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sirius XM Holdings's whale trades within a strike price range from $20.0 to $35.0 in the last 30 days. 
<h3>Sirius XM Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726508730_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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 style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$2.05</td>
<td>$1.87</td>
<td>$2.05</td>
<td>$22.00</td>
<td>$1.1M</td>
<td style="text-align: right;">1</td>
<td>5.4K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.24</td>
<td>$1.23</td>
<td>$1.23</td>
<td>$23.00</td>
<td>$270.0K</td>
<td style="text-align: right;">38</td>
<td>3.8K</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$2.64</td>
<td>$2.41</td>
<td>$2.53</td>
<td>$22.00</td>
<td>$132.8K</td>
<td style="text-align: right;">0</td>
<td>525</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$6.3</td>
<td>$5.5</td>
<td>$5.9</td>
<td>$20.00</td>
<td>$118.0K</td>
<td style="text-align: right;">13</td>
<td>201</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.22</td>
<td>$1.12</td>
<td>$1.22</td>
<td>$23.00</td>
<td>$82.1K</td>
<td style="text-align: right;">38</td>
<td>5.3K</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the US and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service; it has a robust and growing podcast library. Liberty Media owns 84% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.
Following our analysis of the options activities associated with Sirius XM Holdings, we pivot to a closer look at the company's own performance.
<h3>Sirius XM Holdings's Current Market Status</h3>
<ul>
<li>Trading volume stands at 7,196,601, with SIRI's price down by -6.41%, positioned at $22.94.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
<h3>Professional Analyst Ratings for Sirius XM Holdings</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $28.0.
<ul>
<li>Consistent in their evaluation, an analyst from Rosenblatt keeps a Neutral rating on Sirius XM Holdings with a target price of $28. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Sirius XM Holdings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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

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, adjusts target to $28 from $3.4 (1:10 reverse stock split).

Rosenblatt Maintains Neutral on Sirius XM Holdings, Adjusts Price Target To $28 (1:10 reverse stock split)

Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) has outperformed the market over the past 10 years by 11.09% on an annualized basis producing an average annual return of 21.82%. Currently, Sirius XM Holdings has a market capitalization of $9.24 billion. 
Buying $1000 In SIRI: If an investor had bought $1000 of SIRI stock 10 years ago, it would be worth $7,248.27 today based on a price of $28.28 for SIRI at the time of writing.
<h3>Sirius XM Holdings's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726155029_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Sirius XM Holdings 10 Years Ago Would Be Worth Today

Jobs numbers have been lackluster and constantly revised downward. Unemployment is holding steady at around 4.2% but up since March. Sept. 18 is Fed day, and the market is already pricing in a 25-basis points rate cut, maybe even 50 points. That means the most important thing about that decision next week will be what Fed Chairman Jerome Powell ultimately says about it afterwards.
&ldquo;I think strong overall economic indicators, falling inflation, and a shift from defensive assets into equities have driven stocks higher so you have to wonder what additional benefits could a rate cut provide now,&rdquo; said Naeem Aslam, an external consultant for AvaTrade in London.
&ldquo;The most immediate impact would be on highly leveraged companies that would benefit from reduced interest expenses and improved refinancing conditions, but growth stocks, particularly in sectors like tech, could easily see continued momentum in their favor,&rdquo; he said.
The Nasdaq is up around <a href="https://www.nasdaq.com/market-activity/index/ndx">20.6% over the last 12 months</a> ending Sept. 10. Investors in the Invesco Nasdaq ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) have beaten the index, up 23% in 12 months.
<img alt="benzinga_qqq.jpg" src="https://www.benzinga.com/files/u1625319/benzinga_qqq.jpg" style="height:329px; width:624px" />
The Nasdaq 100 Index is likely to move towards the 20,000 price level if markets like what Powell has to say next week. However, if his talk suggests a recession is possible in the months ahead, Nasdaq could fall to 16,900.
For now, &ldquo;It&rsquo;s hard to be bearish,&rdquo; said Vladimir Signorelli, president of Bretton Woods Research, a macro investment research firm in Long Valley, NJ.&nbsp;
The Fed&rsquo;s campaign of contraction that began in early 2022 is beginning to bear fruit. Non-farm payrolls are consistently being <a href="https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html">revised lower</a>.
&ldquo;We have had 340 thousand jobs revised downward this year alone. That&rsquo;s huge. How do you miss that? Job market weakness is accelerating and so on Sept 18 we will see a rate cut, and maybe even a 50 basis points rate cut,&rdquo; Signorelli said. &ldquo;My hunch is that if Powell wants 50 basis points, he can persuade Christopher Waller (Federal Reserve Board of Governors) to go up from 25.&rdquo;
Waller has already said he was willing to &ldquo;front-load rate cuts&rdquo; if needed in case of economic contraction.&nbsp;
The Fed is being blown out of the water by these lagging indicators, or coming in at the lower quartile of their estimates. They&rsquo;ve been outside the median in their calls because the slowdown has accelerated.
The latest Bureau of Labor Statistics <a href="https://www.bls.gov/news.release/empsit.nr0.htm">data</a> showed 25,000 manufacturing jobs were lost in August alone with &ldquo;little net change over the year.&rdquo;
The Federal funds rate is 5%, with an upper limit of 5.5%.&nbsp;
One part of the market that is focused on guessing interest rate moves has already made their play. They are long equities and have been since mid-summer. But there is more to next week&rsquo;s rate cut than the cut itself.
&ldquo;We are going to be evaluating how Powell characterizes this reduction in rates, the first one since 2020,&rdquo; Signorelli said.
Interest rate cuts will have multiplier effects. Powell&rsquo;s suggestion easing was enough to trim around 140 basis points from the 30-year Treasury bond this year. A single rate cut of around 25 bips could easily take the 10-year from 3.7% yield today to around 3.3% later next week, said Signorelli. Where will that money go? Probably equities. But that will depend on whether the market is worried about a recession.
&ldquo;Heading into the end of the year, U.S. stocks will probably continue to beat European stocks thanks to stronger economic fundamentals and stronger consumer base,&rdquo; said Aslam. &ldquo;If the Federal Reserve is nearing the end of its rate-hiking cycle, I&rsquo;d buy growth sectors like tech because they may continue to see portfolio money coming in,&rdquo; he said.
Valuations are still relatively high, however. Investors are paying more for those equities that they are for stocks on the S&amp;P 500. QQQ is trading at 31x, compared to the SPDR S&amp;P 500 (ARCA:SPY) trading at 21x. Amazon (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>)&nbsp;has a price to earnings ratio of 41x. Delta Airlines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) is around 7x PE, despite the increase in airline travel, according to a July JP Morgan <a href="https://www.jpmorgan.com/insights/global-research/travel/airline-outlook">report</a>.
Higher valuations could limit upside potential for those stocks even with lower interest rates, said Aslam. See Intel (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>) for instance, with a PE of over 79 times earnings. &ldquo;Stay away from those, especially if earnings growth slows or macroeconomic data suggests a recession is coming.&rdquo;
<h3>Five Nasdaq Stocks With A&nbsp;PE Under 20</h3>
Believe it or not, some of these stocks on the Nasdaq are priced below the average index PE. If Intel and Broadcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) look expensive, here are five companies with current P/E ratios under 20.
Applied Materials (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>): 19.96x
Cisco Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/csco#NASDAQ">CSCO</a>): 19.17x
Cognizant (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctsh#NASDAQ">CTSH</a>): 17.34x
First Solar (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fslr#NASDAQ">FSLR</a>): 18.26x
Sirius XM Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/siri#NASDAQ">SIRI</a>): 8.41x
&ldquo;Buying 100x PE stocks in the Nasdaq is a high-risk, high-reward strategy,&rdquo; said Aslam. &ldquo;Lower rates could push valuations even higher quickly, but magnifies the risk if growth expectations aren&#39;t met.&rdquo;
The current environment suggests caution for buying the high value names.
&ldquo;Investors that are comfortable with volatility and are willing to bet on sustained low interest rates and strong growth may see some upside, but the downside risk of overpaying is significant if market conditions change or if these high priced companies fail to deliver,&rdquo; Aslam said.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

AMAT

AMZN

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INTC

Has The Market Already Front Run Sept. 18 Rate Cuts, And If Not, What's Worth Buying Now?

SiriusXM Holdings Inc. (SIRI) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading lower on Tuesday.</a>
In a press release, the company reiterated its full-year 2024 revenue and adjusted EBITDA guidance, and launched a $1.66 billion<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40789246/siriusxm-kicks-off-new-phase-as-an-independent-public-company" rel="noreferrer noopener"> stock repurchase authorization.</a>
The company said it has embarked on a new phase as an independent public entity, featuring a streamlined capital structure and a strategy for ongoing success after <a target="_blank" href="https://www.benzinga.com//node/40106812" rel="noreferrer noopener">completing its transaction with Liberty Media.</a>
&#8220;Today SiriusXM embarks on a new phase in our journey as an independent public company, building on our leading position in audio entertainment,&#8221; said&nbsp;Jennifer Witz, Chief Executive Officer of SiriusXM.
SiriusXM said it intends to maintain its recurring dividend, which, adjusted for the 1-for-10 change in the Liberty Media transaction exchange ratio, will be approximately 27 cents per quarter.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40794637/whats-going-on-with-xpeng-stock-today" rel="noreferrer noopener">What&#8217;s Going On With XPeng Stock Today?</a>
Following the completion of the Liberty Media transaction, SiriusXM&#8217;s Board approved a $1.166 billion common stock repurchase program. This new repurchase program continues the stock buyback initiative from the previous SiriusXM.
The CEO emphasized the company&#8217;s commitment to three main objectives: improving subscriber value through content, technology, and pricing; expanding advertising offerings to attract new listeners and provide effective results for advertisers; and enhancing organizational efficiency to maintain strong financial performance.
The company&#8217;s financial guidance for 2024 includes total revenue of approximately $8.75 billion (estimate: $8.749 billion), adjusted EBITDA of around $2.7 billion, and <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">free cash flow of about $1.0 billion.</a>
The revised free cash flow guidance, reflecting a $200 million adjustment, accounts for approximately $70 million in closing costs and additional interest expenses, as well as roughly $130 million in historical cash outflows from Liberty Sirius XM Holdings Inc. prior to the transaction&#8217;s completion.
Price Action: SIRI shares are trading lower by 3.11% to $25.87 at last check Tuesday.
Read Next:
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</ul>

Equities

Guidance

Movers

General

SiriusXM's Next Chapter: Charts Independent Path With Buybacks & Streamlined Capital Structure

Trading Halt: Halt status updated at 9:05:00 AM ET: Quotation Resumption: News and Resumption Times

SiriusXM plans to continue its recurring dividend, which adjusted for the 1 for 10 change in the Liberty Media transaction exchange ratio would be approximately&nbsp;27 cents&nbsp;per quarter.
Upon completion of the Liberty Media transaction, the Board of SiriusXM authorized a&nbsp;$1.166 billion&nbsp;common stock repurchase program. The&nbsp;$1.166 billion&nbsp;common stock repurchase program is a continuation of the stock repurchase program of the former SiriusXM.

Dividends

Buybacks

SiriusXM Confirms Quarterly Dividend, Announces $1.166B Stock Repurchase Authorization

The company also reiterated its long-term target leverage ratio of mid-to-low three times adjusted EBITDA.
The company expects to complete its analysis of this goodwill and the other intangible assets in the&nbsp;third quarter&nbsp;of 2024.

SiriusXM  Reiterates Its Full-Year 2024 Revenue And Adjusted EBITDA Guidance;

As a result of the Transactions, Sirius XM Holdings Inc. is an independent, publicly traded company. Sirius XM Holdings Inc. common stock begins trading on Nasdaq under the ticker symbol &quot;SIRI&quot; on&nbsp;September 10, 2024.

SiriusXM Kicks Off A New Chapter As An Independent Public Company Following Closing Of Its Transaction With Liberty Media

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Sirius XM Holdings will have a single outstanding series of common stock and will begin trading at market open on Tuesday, September 10, 2024 on the Nasdaq Global Select Market under the symbol &quot;SIRI&quot;.
Liberty Media&#39;s Liberty Formula One common stock and Liberty Live common stock will continue trading following the Split-Off and Merger on the Nasdaq Global Select Market or the OTC Markets, as applicable.

FWONA

Liberty Media And Sirius XM Report Completion Of Split-Off And Merger; New Sirius Is Now An Independent Public Company Separate From Liberty Media

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$500.00</td>
<td>$36.7K</td>
<td>4.5K</td>
<td>10.3K</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$157.50</td>
<td>$34.3K</td>
<td>1.1K</td>
<td>5.3K</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.00</td>
<td>$43.8K</td>
<td>3.2K</td>
<td>4.3K</td>
</tr>
<tr>
<td>RBLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$42.50</td>
<td>$25.2K</td>
<td>414</td>
<td>4.1K</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$29.50</td>
<td>$78.3K</td>
<td>147</td>
<td>3.7K</td>
</tr>
<tr>
<td>CMCSA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$87.5K</td>
<td>4.4K</td>
<td>2.5K</td>
</tr>
<tr>
<td>PARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$111.1K</td>
<td>19.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>TTWO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$165.00</td>
<td>$46.8K</td>
<td>37</td>
<td>1.8K</td>
</tr>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$43.00</td>
<td>$44.2K</td>
<td>13.5K</td>
<td>1.4K</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$93.00</td>
<td>$25.2K</td>
<td>1.0K</td>
<td>364</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 210 contract(s) at a $500.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $175.0 per contract. There were 4526 open contracts at this strike prior to today, and today 10302 contract(s) were bought and sold. 
• For GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we notice a call option sweep that happens to be bullish, expiring in 7 day(s) on September 13, 2024. This event was a transfer of 637 contract(s) at a $157.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $34.3K, with a price of $54.0 per contract. There were 1110 open contracts at this strike prior to today, and today 5307 contract(s) were bought and sold. 
• Regarding SIRI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>), we observe a call option sweep with bullish sentiment. It expires in 105 day(s) on December 20, 2024. Parties traded 1900 contract(s) at a $3.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $43.8K, with a price of $23.0 per contract. There were 3298 open contracts at this strike prior to today, and today 4351 contract(s) were bought and sold. 
• For RBLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 260 contract(s) at a $42.50 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $97.0 per contract. There were 414 open contracts at this strike prior to today, and today 4117 contract(s) were bought and sold. 
• Regarding ASTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on September 13, 2024. Parties traded 364 contract(s) at a $29.50 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $78.3K, with a price of $215.0 per contract. There were 147 open contracts at this strike prior to today, and today 3701 contract(s) were bought and sold. 
• Regarding CMCSA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), we observe a call option trade with bearish sentiment. It expires in 42 day(s) on October 18, 2024. Parties traded 2500 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $87.5K, with a price of $35.0 per contract. There were 4484 open contracts at this strike prior to today, and today 2555 contract(s) were bought and sold. 
• Regarding PARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), we observe a put option trade with bearish sentiment. It expires in 133 day(s) on January 17, 2025. Parties traded 1950 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $111.1K, with a price of $57.0 per contract. There were 19919 open contracts at this strike prior to today, and today 2015 contract(s) were bought and sold. 
• For TTWO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), we notice a call option trade that happens to be bearish, expiring in 7 day(s) on September 13, 2024. This event was a transfer of 1800 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $46.8K, with a price of $26.0 per contract. There were 37 open contracts at this strike prior to today, and today 1818 contract(s) were bought and sold. 
• Regarding VZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), we observe a call option trade with bearish sentiment. It expires in 42 day(s) on October 18, 2024. Parties traded 1300 contract(s) at a $43.00 strike. The total cost received by the writing party (or parties) was $44.2K, with a price of $34.0 per contract. There were 13592 open contracts at this strike prior to today, and today 1441 contract(s) were bought and sold. 
• For DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we notice a call option trade that happens to be bearish, expiring in 28 day(s) on October 4, 2024. This event was a transfer of 300 contract(s) at a $93.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $84.0 per contract. There were 1041 open contracts at this strike prior to today, and today 364 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASTS

CMCSA

GOOGL

PARA

RBLX

TTWO

10 Communication Services Stocks Whale Activity In Today's Session

Investors with significant funds have taken a bullish position in Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SIRI usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 8 options transactions for Sirius XM Holdings. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 50% being bullish and 37% bearish. Of all the options we discovered, 7 are puts, valued at $535,559, and there was a single call, worth $46,550.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.5 to $5.0 for Sirius XM Holdings over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Sirius XM Holdings stands at 71475.75, with a total volume reaching 13,972.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Sirius XM Holdings, situated within the strike price corridor from $1.5 to $5.0, throughout the last 30 days.
<h3>Sirius XM Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725559374_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>TRADE</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$2.18</td>
<td>$2.16</td>
<td>$2.18</td>
<td>$5.00</td>
<td>$218.0K</td>
<td>49.8K</td>
<td>2.6K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/06/24</td>
<td>$0.65</td>
<td>$0.65</td>
<td>$0.65</td>
<td>$3.50</td>
<td>$101.5K</td>
<td>57.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.24</td>
<td>$2.2</td>
<td>$2.21</td>
<td>$5.00</td>
<td>$53.7K</td>
<td>177.9K</td>
<td>360</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.25</td>
<td>$2.24</td>
<td>$2.24</td>
<td>$5.00</td>
<td>$53.0K</td>
<td>177.9K</td>
<td>3.1K</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.83</td>
<td>$1.03</td>
<td>$1.33</td>
<td>$1.50</td>
<td>$46.5K</td>
<td>89</td>
<td>360</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the US and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service; it has a robust and growing podcast library. Liberty Media owns 84% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.
In light of the recent options history for Sirius XM Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Sirius XM Holdings Standing Right Now?</h3>
<ul>
<li>With a volume of 7,534,010, the price of SIRI is up 1.37% at $2.97. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 54 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sirius XM Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

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The entertainment industry is thriving due to the population's growing demand for streaming, podcasts, and personalized listening experiences. Amid this, let's compare audio stocks Spotify Technology (SPOT) and Sirius XM Holdings (SIRI) to analyze which audio stock will hit the right note for investors. Read on to find out… As streaming services and podcasts gain popularity, consumers seek personalized listening experiences that match their unique tastes and preferences. Digital radio platforms provide a wide range of channels and content, enabling users to explore niche genres, discover new artists, and access exclusive material not found on traditional radio.
This shift toward customization is boosting the use of digital radio services and driving market growth. According to Cognitive Market Research, the global digital radio broadcasting market will be worth $3.82 billion in 2024 and expand at a <a href="https://www.cognitivemarketresearch.com/digital-radio-broadcasting-market-report">CAGR of 11.5%</a> from 2024 to 2031. 
Against this backdrop, let's compare two established audio stocks to analyze which one will hit the right note for investors: Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) and Sirius XM Holdings Inc. (<a href="https://stocknews.com/stock/SIRI/">SIRI</a>).
The Case for Spotify Technology S.A. Stock
With a $73.33 billion market cap, Spotify Technology S.A. (<a href="https://stocknews.com/stock/SPOT/">SPOT</a>) provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The company is headquartered in Luxembourg City, Luxembourg.
SPOT's stock has gained 93.5% over the past nine months to close the last trading session at $365.17. Over the past six months, the stock has surged 39.5%.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a>, SPOT's 1.66x is 234.1% higher than the 0.50x industry average. Likewise, its $21.63 trailing-12-month cash per share is significantly higher than the $1.49 industry average.
SPOT's revenue for the second quarter that ended June 30, 2024, rose 9.5% year-over-year to €3.81 billion ($3.97 billion). Its gross profit increased 9.4% year-over-year to €1.11 billion ($1.09 billion).
Likewise, the company's net income came in at €274 million ($305.85 million), compared to a loss of €241 million ($269.01 million) in the previous-year quarter. Also, its earnings per share came in at €1.33, compared to a loss per share of €1.55 in the previous year's quarter.
Street expects SPOT's revenue and EPS for the third quarter ending September 2024 to increase 26.5% and 466.9% year-over-year to $4.50 billion and $1.98, respectively. It surpassed Street EPS estimates in three of the trailing quarters.
SPOT's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Growth and a B for Quality. SPOT is ranked first in the A-rated <a href="https://stocknews.com/category/entertainment-radio/">Entertainment - Radio</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see SPOT's ratings for Value, Sentiment, Momentum, and Stability <a href="https://stocknews.com/stock/SPOT/">here</a>.
The Case for Sirius XM Holdings Inc. Stock
Valued at $9.61 billion by market cap, Sirius XM Holdings Inc. (<a href="https://stocknews.com/stock/SIRI/">SIRI</a>) operates as an audio entertainment company in North America. It operates in two segments, Sirius XM and Pandora and Off-platform.
SIRI's stock has gained 3.9% intraday to close the last trading session at $24.95.
SIRI's trailing-12-month asset turnover ratio of 0.84x is 68.7% higher than the 0.50x industry average. However, its 48.98% trailing-12-month gross profit margin is 4.5% lower than the 51.29% industry average.
SIRI's revenues for the fiscal second quarter ended June 30, 2024, decreased 3.1% year-over-year to $2.18 billion. In contrast, its net income increased 1.9% over the year-ago quarter, reaching $316 million, while its net income per share remained flat at $0.08.
Analysts expect SIRI's revenue for the quarter ending September 30, 2024, to decrease 3.5% year-over-year to $2.19 billion, while its EPS is expected to be $0.79 for the same quarter.
SIRI's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
SIRI has a C grade for Sentiment, Stability, and Momentum. It is ranked #3 in the same industry.
<a href="https://stocknews.com/stock/SIRI/">Click here</a> for the additional POWR Ratings for SIRI (Quality, Value, and Growth).
Spotify (SPOT) vs. SiriusXM (SIRI): Which Audio Stock Will Hit the Right Note for Investors?
The entertainment industry is increasingly shifting toward digital content and streaming services. The ongoing rise in subscription-based and on-demand entertainment has created strong, recurring revenue streams driving growth in the audio industry.
Leading audio companies SPOT and SIRI stand to capitalize on the optimistic industry outlook. However, SPOT's strong financial performance, higher profitability and promising near-term outlook favor it as the better audio stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Entertainment - Radio industry <a href="https://stocknews.com/category/entertainment-radio/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
SPOT shares were trading at $369.98 per share on Monday afternoon, up $4.81 (+1.32%). Year-to-date, SPOT has gained 96.89%, versus a 20.52% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/spot-siri-spotify-spot-vs-siriusxm-siri-which-audio-stock-will-hit/>Spotify (SPOT) vs. SiriusXM (SIRI): Which Audio Stock Will Hit the Right Note for Investors?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Spotify (SPOT) vs. SiriusXM (SIRI): Which Audio Stock Will Hit the Right Note for Investors?

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