In last trading session, iHeartMedia Inc (NASDAQ:IHRT) saw 0.78 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $2.11 trading at -$0.07 or -3.21% at ring of the bell on the day assigns it a market valuation of $265.41M. That closing price of IHRT’s stock is at a discount of -44.08% from its 52-week high price of $3.04 and is indicating a premium of 61.61% from its 52-week low price of $0.81.
For iHeartMedia Inc (IHRT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
iHeartMedia Inc (NASDAQ:IHRT) trade information
Upright in the red during last session for losing -3.21%, in the last five days IHRT remained trading in the red while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $2.11 price level, adding 10.21% to its value on the day. iHeartMedia Inc’s shares saw a change of 6.57% in year-to-date performance and have moved -5.80% in past 5-day. iHeartMedia Inc (NASDAQ:IHRT) showed a performance of -9.44% in past 30-days.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 57.8% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -136.97% in reaching the projected high whereas dropping to the targeted low would mean a loss of -136.97% for stock’s current value.
iHeartMedia Inc (IHRT) estimates and forecasts
This year revenue growth is estimated to rise 4.03% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.17B for the same. And 2 analysts are in estimates of company making revenue of 816.12M in the next quarter. Company posted 1.07B and 799.04M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.60% during past 5 years.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
ALLIANZ ASSET MANAGEMENT GMBH is the top institutional holder at IHRT for having 22.5 million shares of worth $24.52 million. And as of 2024-06-30, it was holding 15.0185 of the company’s outstanding shares.
The second largest institutional holder is DOUGLAS LANE & ASSOCIATES, LLC, which was holding about 7.59 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.0234 of outstanding shares, having a total worth of $8.28 million.
On the other hand, PIMCO Income Fd and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 9.03 shares of worth $19.05 million or 15.87% of the total outstanding shares. The later fund manager was in possession of 3.28 shares on Sep 30, 2024 , making its stake of worth around $6.92 million in the company or a holder of 5.76% of company’s stock.