Vetr Crowd Downgrades Sirius XM

• Shares of Sirius XM Holdings Inc. SIRI have outperformed most indexes this year, up 16 percent.
• However, it seems like investors believe there is not much upside left for the stock.
• The Vetr crowd downgraded its rating on Sirius XM from two stars to 1.5 stars on Thursday.

The Vetr crowd seems to be becoming increasingly bearish on Sirius XM, as it has downgraded its rating on the stock from two stars to 1.5 stars. Even though 87 percent of the crowd's ratings are bullish, it should be noted that the site's algorithm considers several factors on top of Buy, Hold or Sell ratings to award stars.

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In addition to the 1.5 star Strong Sell rating, the Vetr crowd has issued a $3.64 price target, which implies a downside potential of more than 10 percent from current prices. Wall Street is considerably less bearish, and sports an average price target of $4.69, according to Vetr's data.

The Street's View

Major Wall Street research firms seem quite divided on this stock. On Monday, JPMorgan initiated coverage on it with a Neutral rating. A couple of months earlier, Deutsche Bank issued a Hold rating and $4.50 price target.

Barclays in late August reiterated an Overweight rating and $4.60 price target.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.