iHeartMedia Inc (NASDAQ:IHRT)’s traded shares stood at 0.83 million during the last session, with the company’s beta value hitting 1.73. At the close of trading, the stock’s price was $2.33, to imply an increase of 5.43% or $0.12 in intraday trading. The IHRT share’s 52-week high remains $3.04, putting it -30.47% down since that peak but still an impressive 65.24% since price per share fell to its 52-week low of $0.81. The company has a valuation of $293.08M, with an average of 0.68 million shares in intraday trading volume over the past 10 days and average of 975.41K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for iHeartMedia Inc (IHRT), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give IHRT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
iHeartMedia Inc (NASDAQ:IHRT) trade information
After registering a 5.43% upside in the last session, iHeartMedia Inc (IHRT) has traded red over the past five days. The 5-day price performance for the stock is 23.94%, and 6.88% over 30 days. With these gigs, the year-to-date price performance is 17.68%. Short interest in iHeartMedia Inc (NASDAQ:IHRT) saw shorts transact 6.1 million shares and set a 6.08 days time to cover.
The extremes give us $5 and $5 for target low and target high price respectively. As such, IHRT has been trading -114.59% off suggested target high and -114.59% from its likely low.
iHeartMedia Inc (IHRT) estimates and forecasts
Looking at statistics comparing iHeartMedia Inc share performance against respective industry, we note that the company has underperformed competitors. iHeartMedia Inc (IHRT) shares are 79.23% up over the last 6 months, with its year-to-date growth rate lower than industry average at 11.77% against 18.20%. The rating firms project that company’s revenue will grow 4.03% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 1.17B. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 816.12M.Earnings reports from the last fiscal year show that sales brought in 1.07B and 799.04M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.28% before jumping 2.14% in the following quarter.
IHRT Dividends
iHeartMedia Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
iHeartMedia Inc insiders hold 4.38% of total outstanding shares, with institutional holders owning 85.86% of the shares at 89.79% float percentage. In total, 85.86% institutions holds shares in the company, led by ALLIANZ ASSET MANAGEMENT GMBH. As of 2024-06-30, the company held over 22.5 million shares (or 15.0185% of shares), all amounting to roughly $24.52 million.
The next major institution holding the largest number of shares is DOUGLAS LANE & ASSOCIATES, LLC with 7.59 million shares, or about 5.0684% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.28 million.
We also have PIMCO Income Fd and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the iHeartMedia Inc (IHRT) shares. Going by data provided on Sep 30, 2024 , PIMCO Income Fd holds roughly 9.03 shares. This is just over 15.87% of the total shares, with a market valuation of $21.04 million. Data from the same date shows that the other fund manager holds a little less at 3.28, or 5.76% of the shares, all valued at about 7.64 million.
