NASDAQ:IHRT

iHeartMedia (IHRT) Stock Forecast, Price & News

$2.63

+0.06 (+2.33%)

(As of 10/13/2023 08:49 PM ET)

Compare

Today's Range: $2.55
▼
$2.64
50-Day Range: $2.57
▼
$4.48
52-Week Range: $2.21
▼
$9.21

Volume: 436,300 shs
Average Volume: 1.02 million shs
Market Capitalization: $380.08 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.23

iHeartMedia MarketRank™ Forecast

Analyst Rating: Strong Sell
1.40 Rating Score
Upside/Downside: 175.0% Upside
$7.23 Price Target
Short Interest: Healthy
3.99% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Acquiring Shares
$201,171 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($7.28) to $0.67 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Consumer Discretionary Sector

170th out of 235 stocks

Radio Broadcasting Stations Industry

7th out of 9 stocks

2.7

Analyst's Opinion

Consensus Rating
iHeartMedia has received a consensus rating of Strong Sell. The company's average rating score is 1.40, and is based on no buy ratings, 2 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.23, iHeartMedia has a forecasted upside of 175.0% from its current price of $2.63.
Amount of Analyst Coverage
iHeartMedia has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.99% of the outstanding shares of iHeartMedia have been sold short.
Short Interest Ratio / Days to Cover
iHeartMedia has a short interest ratio ("days to cover") of 6.3.
Change versus previous month
Short interest in iHeartMedia has recently decreased by 2.37%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
iHeartMedia does not currently pay a dividend.
Dividend Growth
iHeartMedia does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IHRT.

2.0

News and Social Media Coverage

News Sentiment
iHeartMedia has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for iHeartMedia this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added iHeartMedia to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, iHeartMedia insiders have bought more of their company's stock than they have sold. Specifically, they have bought $201,171.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.90% of the stock of iHeartMedia is held by insiders.
Percentage Held by Institutions
63.38% of the stock of iHeartMedia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for iHeartMedia are expected to grow in the coming year, from ($7.28) to $0.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of iHeartMedia is -0.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of iHeartMedia is -0.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
iHeartMedia has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About iHeartMedia (NASDAQ:IHRT) Stock

iHeartMedia, Inc. operates as a media and entertainment company worldwide. The company operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship, 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. It also delivers real-time traffic flow and incident information, and weather updates, sports, and news. The Digital Audio Group segment provides podcasting, digital sites, newsletters, digital services, and programs; and iHeartRadio, a mobile app and web-based service for radio stations, digital-only stations, custom artist stations, and podcasts. The Audio and Media Services Group segment engages in the media representation business. This segment also provides RCS, a cloud and on-premises broadcast software, such as radio and television automation, music scheduling, newsroom automation, advertising sales management, disaster recovery solutions; and real-time audio recognition technology to radio and television stations, cable channels, record labels, advertisers, and agencies, as well as media streaming and research services. The company was formerly known as CC Media Holdings, Inc. and changed its name to iHeartMedia, Inc. in September 2014. iHeartMedia, Inc. is headquartered in San Antonio, Texas.

IHRT Price History

30 days | 90 days | 365 days | Advanced Chart

IHRT Stock News Headlines

October 16, 2023 | americanbankingnews.com

Brokerages Set iHeartMedia, Inc. (NASDAQ:IHRT) Target Price at $7.23

September 29, 2023 | businesswire.com

iHeartMedia Rings in the Holiday Season With Its Iconic 2023 National ‘iHeartRadio Jingle Ball Tour Presented by Capital One’ With the Exclusive Broadcast Special Moving to ABC

October 16, 2023 | Behind the Markets (Ad)

[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"

The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>

September 20, 2023 | uk.finance.yahoo.com

iHeartLand Presents "A Special Ed Sheeran Immersive Experience" in State Farm Park in Fortnite

September 16, 2023 | latimes.com

iHeartMedia Joins Ryan Seacrest to Invest in Health-Ade

September 13, 2023 | benzinga.com

iHeartMedia and Malcolm Gladwell's Pushkin Industries Reveal Growing Consumer-Marketer Disconnect in Landmark Report

September 5, 2023 | finance.yahoo.com

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in the BofA Securities 2023 Media, Communications and Entertainment Conference

August 25, 2023 | msn.com

‘The Fantasy Footballers Dynasty Show’ to Join NFL Podcast Network in Partnership With iHeartMedia (Exclusive)

October 16, 2023 | Intelligence Report (Ad)

62% Growth Predicted by 2026

See this tea's steep potential growth into an $86 billion sector. Investors are moving. This team has previously experienced an 111,000% rise. Can they do it again? The beverage market is a cash cow, and it's about to be devoured by a new 'Monster.'

August 22, 2023 | finance.yahoo.com

iHeartMedia Chairman and Chief Executive Officer Bob Pittman and President, Chief Operating Officer & Chief Financial Officer Rich Bressler to Participate in Goldman Sachs Communacopia + Technology Conference

August 11, 2023 | markets.businessinsider.com

Bank of America Securities Sticks to Its Sell Rating for iHeartMedia (IHRT)

August 10, 2023 | markets.businessinsider.com

Goldman Sachs Sticks to Their Hold Rating for iHeartMedia (IHRT)

August 10, 2023 | businesswire.com

iHeartPodcasts Drove a 45 Percent Lift in Incremental Sales for Mattress Firm’s Brick-and-Mortar Stores as Measured by Affinity Solutions

August 9, 2023 | finance.yahoo.com

Breakeven On The Horizon For iHeartMedia, Inc. (NASDAQ:IHRT)

August 8, 2023 | yahoo.com

iHeartMedia Sees Podcast Advertising Increase While Other Segments Remain Pressured

July 25, 2023 | msn.com

iHeartMedia, NBC Sports renew distribution agreement for ‘The Dan Patrick Show’

July 25, 2023 | msn.com

iHeartMedia Renews Distribution Agreement for The Dan Patrick Show

July 24, 2023 | finance.yahoo.com

iHeartMedia, Inc. to Report Quarterly Financial Results on August 8, 2023

July 19, 2023 | stockhouse.com

iHeartMedia and LinkedIn Announce Strategic Partnership to Help Voices Build, Launch and Scale Podcast Content to Audiences

July 17, 2023 | yahoo.com

iHeartMedia Presents “Barbie’s Best Week Ever” Campaign Ahead Of ‘Barbie’ Premiere

July 14, 2023 | finance.yahoo.com

Investors Holding Back On iHeartMedia, Inc. (NASDAQ:IHRT)

July 11, 2023 | markets.businessinsider.com

iHeartMedia (IHRT) Gets a Sell from Bank of America Securities

June 21, 2023 | msn.com

Cops shut down iHeartMedia’s exclusive yacht party as rowdy guest nearly falls overboard

June 20, 2023 | benzinga.com

iHeartMedia and Paris Hilton's 11:11 Media Announce "The History of the World's Greatest Nightclubs" Hosted by Ultra Naté

June 8, 2023 | msn.com

KCON LA: CJ ENM America Teams with iHeartMedia Los Angeles for 2023 K-Pop Fan Convention and Concerts

June 2, 2023 | finance.yahoo.com

Here’s Why iHeartMedia (IHRT) Declined in Q1

June 2, 2023 | seekingalpha.com

iHeartMedia: A Hold For Now, Even Though Management Sounded Optimistic

See More Headlines

Receive IHRT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for iHeartMedia and its competitors with MarketBeat's FREE daily newsletter.

IHRT Company Calendar

Last Earnings: 8/08/2023
Today: 10/15/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:IHRT
CUSIP: N/A
CIK: 1400891
Web: www.iheartmedia.com
Phone: 210-822-2828
Fax: 302-655-5049
Employees: 11,000
Year Founded: 1972

Price Target and Rating

Average Stock Price Forecast: $7.23
High Stock Price Forecast: $13.00
Low Stock Price Forecast: $2.90
Forecasted Upside/Downside: +175.0%
Consensus Rating: Strong Sell
Rating Score (0-4): 1.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($8.98)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-264,660,000.00
Net Margins: -34.77%
Pretax Margin: -34.62%
Return on Equity: -296.03%
Return on Assets: -12.57%

Debt

Debt-to-Equity Ratio: 11.43
Current Ratio: 1.83
Quick Ratio: 1.83

Sales & Book Value

Annual Sales: $3.91 billion
Price / Sales: 0.10
Cash Flow: $1.31 per share
Price / Cash Flow: 2.01
Book Value: $4.76 per share
Price / Book: 0.55

Miscellaneous

Outstanding Shares: 144,520,000
Free Float: 138,447,000
Market Cap: $380.09 million
Optionable: Optionable
Beta: 1.91

Social Links

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

Mr. Robert W. Pittman (Age 69)
Chairman & CEO
Comp: $1.8M
Mr. Richard J. Bressler (Age 66)
Pres, COO, CFO & Director
Comp: $1.5M
Mr. Scott D. Hamilton (Age 53)
Sr. VP, Chief Accounting Officer & Assistant Sec.
Comp: $514.25k
Mr. Michael B. McGuinness (Age 46)
Exec. VP of Fin., Deputy CFO & Head of Investor Relations
Comp: $1.03M
Ms. Jordan R. Fasbender (Age 40)
Exec. VP, Gen. Counsel & Sec.
Comp: $840k
Mr. Steve Mills (Age 64)
Global Chief Information Officer
Ms. Wendy Goldberg (Age 59)
Exec. VP & Chief Communications Officer
Ms. Gayle Troberman
Chief Marketing Officer & Exec. VP
Mr. Joseph C. Robinson (Age 59)
Pres of Corp. Devel. & Ventures
Mr. Jeff Howard
Pres of National Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

IHRT Stock - Frequently Asked Questions

Should I buy or sell iHeartMedia stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for iHeartMedia in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong sell" IHRT shares.
View IHRT analyst ratings or view top-rated stocks.
What is iHeartMedia's stock price forecast for 2023?: 5 brokerages have issued 1 year price objectives for iHeartMedia's stock. Their IHRT share price forecasts range from $2.90 to $13.00. On average, they predict the company's share price to reach $7.23 in the next twelve months. This suggests a possible upside of 175.0% from the stock's current price.
View analysts price targets for IHRT or view top-rated stocks among Wall Street analysts.
How have IHRT shares performed in 2023?: iHeartMedia's stock was trading at $6.13 at the start of the year. Since then, IHRT shares have decreased by 57.1% and is now trading at $2.63.
View the best growth stocks for 2023 here.
When is iHeartMedia's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our IHRT earnings forecast.

How were iHeartMedia's earnings last quarter?: iHeartMedia, Inc. (NASDAQ:IHRT) released its quarterly earnings results on Tuesday, August, 8th. The company reported ($5.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $5.79. The business earned $920.01 million during the quarter, compared to the consensus estimate of $905.98 million. iHeartMedia had a negative net margin of 34.77% and a negative trailing twelve-month return on equity of 296.03%.
What ETFs hold iHeartMedia's stock?: ETFs with the largest weight of iHeartMedia (NASDAQ:IHRT) stock in their portfolio include MUSQ Global Music Industry ETF (MUSQ), First Trust S-Network Streaming and Gaming ETF (BNGE) and Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).Unusual Whales Subversive Democratic Trading ETF (NANC).
What is Robert W. (Bob) Pittman's approval rating as iHeartMedia's CEO?: 464 employees have rated iHeartMedia Chief Executive Officer Robert W. (Bob) Pittman on Glassdoor.com. Robert W. (Bob) Pittman has an approval rating of 64% among the company's employees.
Does iHeartMedia have any subsidiaries?: The following companies are subsidiares of iHeartMedia: AMFM Broadcasting Inc., AMFM Broadcasting Licenses LLC, AMFM Operating Inc., AMFM Radio Licenses LLC, AMFM Texas Broadcasting LP, AMFM Texas LLC, AMFM Texas Licenses LLC, Aircheck India Pvt. Ltd., Austin Tower Company, Broader Media Funding LLC, Broader Media Holdings LLC, Broader Media LLC, CC Broadcast Holdings Inc., CC Finco Holdings LLC, CC Finco LLC, CC Finco Merger Sub LLC, CC Licenses LLC, CC Outdoor Holdings Inc., Capstar Radio Operating Company, Capstar TX LLC, Christal Radio Sales Inc., Cine Guarantors II Inc., Citicasters Co., Citicasters Licenses Inc., Clear Channel Broadcasting Licenses Inc., Clear Channel Holdings Inc., Clear Channel Investments Inc., Clear Channel Metro LLC, Clear Channel Mexico Holdings Inc., Clear Channel Outdoor Holdings Inc., Clear Channel Real Estate LLC, Clear Channel Real Estate Services LLC, Critical Mass Media Inc., HowStuffWorks, Jelli Inc., Katz Communications Inc., Katz Media Group Inc., Katz Millennium Sales & Marketing Inc., Katz Net Radio Sales Inc., Los Angeles Broadcasting Partners LLC, M Street Corporation, Media Monitors (M) Sdn. Bhd., Media Monitors Dominican Republic, Metro Networks Communications LP, Metro Networks Services Inc., Premiere Networks Inc., RCS Europe SARL, RCS Radio Computing China Inc., Radio Computing Services (Africa) Pty Ltd., Radio Computing Services (India) Pvt. Ltd., Radio Computing Services (NZ) Ltd., Radio Computing Services (SEA) Pte Ltd., Radio Computing Services (Thailand) Ltd., Radio Computing Services (UK) Ltd., Radio Computing Services Canada Ltd., Radio Computing Services of Australia Pty Ltd., SmartRoute Systems Inc., Stuff Media, TLAC Inc., TTWN Media Networks LLC, TTWN Networks LLC, Terrestrial RF Licensing Inc., Thumbplay, Tower FM Consortium LLC, iHM Identity Inc., iHeartCommunications Inc., iHeartMedia + Entertainment Inc., iHeartMedia Capital I LLC, iHeartMedia Capital II LLC, iHeartMedia Management Services Inc., and iHeartMedia Tower Co. Holdings LLC.
Read More

This page (NASDAQ:IHRT) was last updated on 10/16/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial