iHeartMedia Inc (NASDAQ:IHRT) has a beta value of 1.73 and has seen 1.62 million shares traded in the last trading session. The company, currently valued at $283.41M, closed the last trade at $2.30 per share which meant it lost -$0.1 on the day or -4.17% during that session. The IHRT stock price is -35.65% off its 52-week high price of $3.12 and 64.78% above the 52-week low of $0.81. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.92 million shares traded. The 3-month trading volume is 805.58K shares.

The consensus among analysts is that iHeartMedia Inc (IHRT) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.

iHeartMedia Inc (NASDAQ:IHRT) trade information

Sporting -4.17% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IHRT stock price touched $2.30 or saw a rise of 7.63%. Year-to-date, iHeartMedia Inc shares have moved -13.86%, while the 5-day performance has seen it change 3.60%. Over the past 30 days, the shares of iHeartMedia Inc (NASDAQ:IHRT) have changed 27.78%. Short interest in the company has seen 5.44 million shares shorted with days to cover at 10.13.

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 54.0% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -117.39% off the targeted high while a plunge would see the stock gain -117.39% from current levels.

iHeartMedia Inc (IHRT) estimates and forecasts

Figures show that iHeartMedia Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 167.82% over the past 6 months, with this year growth rate of 11.77%, compared to 17.80% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.60% over the past 5 years. Earnings growth for 2024 is a modest 11.88% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.

IHRT Dividends

iHeartMedia Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

iHeartMedia Inc (NASDAQ:IHRT)’s Major holders

Insiders own 4.38% of the company shares, while shares held by institutions stand at 87.70% with a share float percentage of 91.72%. Investors are also buoyed by the number of investors in a company, with iHeartMedia Inc having a total of 169.0 institutions that hold shares in the company. The top two institutional holders are ALLIANZ ASSET MANAGEMENT GMBH with over 22.5 million shares worth more than $24.52 million. As of 2024-06-30, ALLIANZ ASSET MANAGEMENT GMBH held 15.0185% of shares outstanding.

The other major institutional holder is DOUGLAS LANE & ASSOCIATES, LLC, with the holding of over 7.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $8.28 million and represent 5.0684% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are PIMCO Income Fd and Vanguard Total Stock Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 15.87% shares in the company for having 9.03 shares of worth $20.76 million while later fund manager owns 3.28 shares of worth $7.54 million as of Jun 30, 2024 , which makes it owner of about 5.76% of company’s outstanding stock.