iHeartMedia Inc (NASDAQ:IHRT) has a beta value of 1.69 and has seen 1.2 million shares traded in the last trading session. The company, currently valued at $185.93M, closed the last trade at $1.26 per share which meant it gained $0.05 on the day or 4.13% during that session. The IHRT stock price is -125.4% off its 52-week high price of $2.84 and 35.71% above the 52-week low of $0.81.
The consensus among analysts is that iHeartMedia Inc (IHRT) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
iHeartMedia Inc (NASDAQ:IHRT) trade information
Sporting 4.13% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IHRT stock price touched $1.26 or saw a rise of 4.55%. Year-to-date, iHeartMedia Inc shares have moved -36.36%, while the 5-day performance has seen it change 18.87%. Over the past 30 days, the shares of iHeartMedia Inc (NASDAQ:IHRT) have changed 3.28%.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 74.8% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -296.83% off the targeted high while a plunge would see the stock gain -296.83% from current levels.
iHeartMedia Inc (IHRT) estimates and forecasts
The company’s shares have lost -36.68% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -1.89%.
5 analysts offering their estimates for the company have set an average revenue estimate of 787.36M for the current quarter. 5 have an estimated revenue figure of 923.42M for the next ending quarter. Year-ago sales stood 799.04M and 929.09M respectively for this quarter and the next, and analysts expect sales will shrink by -1.46% for the current quarter and -1.89% for the next.
Earnings growth for 2025 is a modest 93.56% while over the next 5 years, the company’s earnings are expected to increase by 79.61%.
IHRT Dividends
iHeartMedia Inc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
The top two institutional holders are ALLIANZ ASSET MANAGEMENT GMBH with over 22.5 million shares worth more than $24.52 million. As of 2024-06-30, ALLIANZ ASSET MANAGEMENT GMBH held 14.8851% of shares outstanding.
The other major institutional holder is DOUGLAS LANE & ASSOCIATES, LLC, with the holding of over 7.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $8.28 million and represent 5.0234% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are PIMCO Funds-PIMCO Income Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 15.87% shares in the company for having 9.03 shares of worth $11.38 million while later fund manager owns 3.28 shares of worth $4.13 million as of Dec 31, 2024 , which makes it owner of about 5.76% of company’s outstanding stock.
