iHeartMedia Inc (NASDAQ:IHRT) Stock Ripped -36.36% Year-To-Date, What Will Happen Next?

In last trading session, iHeartMedia Inc (NASDAQ:IHRT) saw 1.16 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $1.26 trading at $0.1 or 8.62% at ring of the bell on the day assigns it a market valuation of $175.65M. That closing price of IHRT’s stock is at a discount of -125.4% from its 52-week high price of $2.84 and is indicating a premium of 35.71% 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 3.50. 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.

iHeartMedia Inc (NASDAQ:IHRT) trade information

Upright in the green during last session for gaining 8.62%, in the last five days IHRT remained trading in the green while hitting it’s week-highest on Tuesday, 05/13/25 when the stock touched $1.26 price level, adding 18.18% to its value on the day. iHeartMedia Inc’s shares saw a change of -36.36% in year-to-date performance and have moved 4.13% in past 5-day. iHeartMedia Inc (NASDAQ:IHRT) showed a performance of 15.60% in past 30-days.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 74.8% 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 -296.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -296.83% for stock’s current value.

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 14.8851 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 $11.38 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 $4.13 million in the company or a holder of 5.76% of company’s stock.

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