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Sirius XM Holdings Inc. NASDAQ: SIRI operates the country's only FCC-licensed satellite radio service, SiriusXM. The subscription service offers over 200 channels of music, news, talk, podcasts, sports and entertainment.
The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million shares for about $54 million in separate transactions Thursday through Monday.
Sirius XM Holdings (SIRI -2.21%) can't seem to catch a break. It posted better-than-expected results late last week, sending the shares 6% higher on Thursday.
The headline numbers for Sirius XM (SIRI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sirius XM's fourth-quarter 2024 results are likely to suffer from lower subscriber growth, declining ad revenues and intense competition.
Sirius XM (SIRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
One of the more interesting turnaround stories in the market is that of Sirius XM Holdings. As the stock plunged by more than 58% in 2024, none other than Warren Buffett's Berkshire Hathaway (BRK.A -0.03%) (BRK.B 0.13%) scooped up even more shares.
In 1973, Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.11%) held its first annual shareholder meeting in the cafeteria of one of its subsidiaries and drew a few dozen people. Roughly 50 years later, around 40,000 people make the pilgrimage to Omaha each year.
Warren Buffett likely believes it is, as he has increased purchases of SiriusXM (SIRI 1.55%) stock for the Berkshire Hathaway portfolio.
Sirius XM Holdings stock (NASDAQ: SIRI) has declined by about 60% this year, amid several challenges, including a sluggish recovery in the automotive industry and adverse advertising trends. Now we believe that Sirius stock is undervalued post the sell-off, with our fair estimate of the stock's value coming at $27 per share almost 25% ahead of the current market price (Jan. 9) on account of the company's low valuation.