iHeartMedia, Inc. (NASDAQ:IHRT) Receives Consensus Rating of "Hold" from Brokerages

iHeartMedia, Inc. (NASDAQ:IHRT - Get Free Report) has been assigned an average recommendation of "Hold" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.07.

Separately, Guggenheim reduced their price target on iHeartMedia from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Monday, March 4th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. TCG Advisory Services LLC acquired a new stake in iHeartMedia in the fourth quarter valued at $27,000. Bridgecreek Investment Management LLC acquired a new stake in iHeartMedia during the 3rd quarter worth about $32,000. Vanguard Personalized Indexing Management LLC acquired a new stake in iHeartMedia during the 3rd quarter worth about $42,000. PFG Investments LLC acquired a new stake in iHeartMedia during the 1st quarter worth about $45,000. Finally, Principal Financial Group Inc. grew its holdings in iHeartMedia by 39.4% during the 3rd quarter. Principal Financial Group Inc. now owns 15,207 shares of the company's stock worth $48,000 after acquiring an additional 4,301 shares during the period. 93.89% of the stock is currently owned by institutional investors.

iHeartMedia Price Performance

NASDAQ:IHRT traded up $0.18 during trading hours on Tuesday, reaching $2.12. 476,977 shares of the company were exchanged, compared to its average volume of 885,451. The company has a market capitalization of $306.87 million, a P/E ratio of -0.29 and a beta of 1.88. iHeartMedia has a 1-year low of $1.78 and a 1-year high of $4.74. The business has a 50 day moving average of $2.18 and a 200 day moving average of $2.39.

iHeartMedia (NASDAQ:IHRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.04 billion. iHeartMedia had a negative return on equity of 1,197.12% and a negative net margin of 29.40%. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, equities research analysts anticipate that iHeartMedia will post 0.05 earnings per share for the current fiscal year.

About iHeartMedia

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.