In the last trading session, 3.92 million shares of the iHeartMedia Inc (NASDAQ:IHRT) were traded, and its beta was 1.49. Most recently the company’s share price was $1.76, and it changed around $0.08 or 4.76% from the last close, which brings the market valuation of the company to $243.15M. IHRT currently trades at a discount to its 52-week high of $2.84, offering almost -61.36% off that amount. The share price’s 52-week low was $0.81, which indicates that the current value has risen by an impressive 53.98% since then. We note from iHeartMedia Inc’s average daily trading volume that its 10-day average is 1.09 million shares, with the 3-month average coming to 807.47K.
iHeartMedia Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended IHRT as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. iHeartMedia Inc is expected to report earnings per share of 0 for the current quarter.
iHeartMedia Inc (NASDAQ:IHRT) trade information
Instantly IHRT has showed a green trend with a performance of 4.76% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.7900 on recent trading dayincreased the stock’s daily price by 1.68%. The company’s shares are currently down -11.11% year-to-date, but still up 9.32% over the last five days. On the other hand, iHeartMedia Inc (NASDAQ:IHRT) is -19.27% down in the 30-day period. We can see from the shorts that 6.7 million shares have been sold at a short interest cover period of 10.6 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 64.8% from its current value. Analyst projections state that IHRT is forecast to be at a low of $5 and a high of $5.
iHeartMedia Inc (IHRT) estimates and forecasts
The year-over-year growth rate is expected to be -1.00%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 790.17M in revenue for the current quarter. 5 analysts expect iHeartMedia Inc to make 936.47M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 799.04M and 929.09M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.11%. Forecasts for the next quarter put sales growth at 0.79%.
iHeartMedia Inc earnings are expected to increase by 95.00% in 2025, but the outlook is positive 82.91% per year for the next five years.
IHRT Dividends
iHeartMedia Inc’s next quarterly earnings report is expected to be released on 2025-Feb-26.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 5.46% of iHeartMedia Inc shares, and 87.72% of them are in the hands of institutional investors. The stock currently has a share float of 92.79%. iHeartMedia Inc stock is held by 185.0 institutions, with ALLIANZ ASSET MANAGEMENT GMBH being the largest institutional investor. By 2024-06-30, it held 15.0185% of the shares, which is about 22.5 million shares worth $24.52 million.
DOUGLAS LANE & ASSOCIATES, LLC, with 5.0234% or 7.59 million shares worth $8.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
PIMCO Income Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 9.03 shares worth $15.89 million, making up 15.87% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.28 shares worth around $5.77 million, which represents about 5.76% of the total shares outstanding.
