In last trading session, iHeartMedia Inc (NASDAQ:IHRT) saw 0.87 million shares changing hands with its beta currently measuring 1.72. Company’s recent per share price level of $1.20 trading at -$0.13 or -9.77% at ring of the bell on the day assigns it a market valuation of $170.96M. That closing price of IHRT’s stock is at a discount of -136.67% from its 52-week high price of $2.84 and is indicating a premium of 32.5% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 820.11K if we extend that period to 3-months.
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 -9.77%, in the last five days IHRT remained trading in the red while hitting it’s week-highest on Monday, 03/31/25 when the stock touched $1.20 price level, adding 28.14% to its value on the day. iHeartMedia Inc’s shares saw a change of -39.39% in year-to-date performance and have moved -26.83% in past 5-day. iHeartMedia Inc (NASDAQ:IHRT) showed a performance of -35.48% in past 30-days. Number of shares sold short was 6.7 million shares which calculate 6.15 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 76.0% 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 -316.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -316.67% for stock’s current value.
iHeartMedia Inc (IHRT) estimates and forecasts
This year revenue growth is estimated to fall -1.00% 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 790.17M for the same. And 5 analysts are in estimates of company making revenue of 936.47M in the next quarter. Company posted 799.04M and 929.09M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around 95.00% while estimates for its earnings growth in next 5 years are of 82.91%.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
Insiders are in possession of 5.44% of company’s total shares while institution are holding 86.93 percent of that, with stock having share float percentage of 91.93%. Investors also watch the number of corporate investors in a company very closely, which is 86.93% institutions for iHeartMedia Inc that are currently holding shares of the company. 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 Funds-PIMCO Income Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 9.03 shares of worth $10.83 million or 15.87% of the total outstanding shares. The later fund manager was in possession of 3.28 shares on Dec 31, 2024 , making its stake of worth around $3.93 million in the company or a holder of 5.76% of company’s stock.
