During the last session, iHeartMedia Inc (NASDAQ:IHRT)’s traded shares were 0.52 million, with the beta value of the company hitting 1.48. At the end of the trading day, the stock’s price was $1.64, reflecting an intraday loss of -6.82% or -$0.12. The 52-week high for the IHRT share is $2.84, that puts it down -73.17 from that peak though still a striking 50.61% gain since the share price plummeted to a 52-week low of $0.81. The company’s market capitalization is $226.57M, and the average intraday trading volume over the past 10 days was 1.01 million shares, and the average trade volume was 841.47K shares over the past three months.
iHeartMedia Inc (IHRT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. IHRT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
iHeartMedia Inc (NASDAQ:IHRT) trade information
iHeartMedia Inc (IHRT) registered a -6.82% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.82% in intraday trading to $1.64, hitting a weekly high. The stock’s 5-day price performance is -6.82%, and it has moved by -21.53% in 30 days. Based on these gigs, the overall price performance for the year is -15.03%. The short interest in iHeartMedia Inc (NASDAQ:IHRT) is 6.7 million shares and it means that shorts have 6.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 67.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, IHRT is trading at a discount of -204.88% off the target high and -204.88% off the low.
iHeartMedia Inc (IHRT) estimates and forecasts
In the rating firms’ projections, revenue will decrease -1.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 790.17M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 936.47M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 799.04M and 929.09M respectively. In this case, analysts expect current quarter sales to shrink by -1.11% and then jump by 0.79% in the coming quarter.
While earnings are projected to return 95.00% in 2025, the next five years will return 82.91% per annum.
IHRT Dividends
iHeartMedia Inc is due to release its next quarterly earnings on 2025-Feb-26. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
iHeartMedia Inc insiders own 5.46% of total outstanding shares while institutional holders control 87.72%, with the float percentage being 92.79%. ALLIANZ ASSET MANAGEMENT GMBH is the largest shareholder of the company, while 185.0 institutions own stock in it. As of 2024-06-30, the company held over 22.5 million shares (or 15.0185% of all shares), a total value of $24.52 million in shares.
The next largest institutional holding, with 7.59 million shares, is of DOUGLAS LANE & ASSOCIATES, LLC’s that is approximately 5.0234% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.28 million.
Also, the Mutual Funds coming in first place with the largest holdings of iHeartMedia Inc (IHRT) shares are PIMCO Funds-PIMCO Income Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Dec 31, 2024 indicates that PIMCO Funds-PIMCO Income Fund owns about 9.03 shares. This amounts to just over 15.87 percent of the company’s overall shares, with a $14.81 million market value. The same data shows that the other fund manager holds slightly less at 3.28, or about 5.76% of the stock, which is worth about $5.37 million.
