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NASDAQ:IHRT

iHeartMedia (IHRT) Stock Forecast, Price & News

$3.41
+0.01 (+0.29%)
(As of 02:18 PM ET)
Compare
Today's Range
$3.28
▼
$3.44
50-Day Range
$3.26
▼
$4.73
52-Week Range
$2.21
▼
$9.66
Volume
295,880 shs
Average Volume
1.04 million shs
Market Capitalization
$492.81 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.42
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

iHeartMedia MarketRank™ Forecast

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
118.8% Upside
$7.42 Price Target
Short Interest
Healthy
4.75% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.44mentions of iHeartMedia in the last 14 days
Based on 4 Articles This Week
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.

2.31 out of 5 stars

Consumer Discretionary Sector

144th out of 262 stocks

Radio Broadcasting Stations Industry

6th out of 9 stocks

See Top Rated MarketRank™ Stocks Here

IHRT stock logo

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

IHRT Stock News Headlines

September 20, 2023 | uk.finance.yahoo.com
iHeartLand Presents "A Special Ed Sheeran Immersive Experience" in State Farm Park in Fortnite
September 20, 2023 | americanbankingnews.com
iHeartMedia, Inc. (NASDAQ:IHRT) Sees Significant Decline in Short Interest
September 21, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
September 18, 2023 | americanbankingnews.com
iHeartMedia, Inc. (NASDAQ:IHRT) Receives Consensus Recommendation of "Reduce" from Brokerages
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)
September 21, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
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
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IHRT Company Calendar

Last Earnings
8/08/2023
Today
9/21/2023
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
$7.42
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+118.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
6 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
0.13
Cash Flow
$1.32 per share
Price / Cash Flow
2.57
Book Value
$4.76 per share
Price / Book
0.71

Miscellaneous

Outstanding Shares
144,520,000
Free Float
140,326,000
Market Cap
$491.37 million
Optionable
Optionable
Beta
1.90

Social Links

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Key Executives

  • Mr. Robert W. PittmanMr. Robert W. Pittman (Age 69)
    Chairman & CEO
    Comp: $1.8M
  • Mr. Richard J. BresslerMr. 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. McGuinnessMr. 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?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iHeartMedia in the last twelve months. There are currently 3 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" IHRT shares.
View IHRT analyst ratings or view top-rated stocks.

What is iHeartMedia's stock price forecast for 2023?

6 equities research analysts have issued 12 month target prices for iHeartMedia's stock. Their IHRT share price forecasts range from $4.00 to $13.00. On average, they predict the company's share price to reach $7.42 in the next year. This suggests a possible upside of 118.1% 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 on January 1st, 2023. Since then, IHRT stock has decreased by 44.5% and is now trading at $3.40.
View the best growth stocks for 2023 here.

Are investors shorting iHeartMedia?

iHeartMedia saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,860,000 shares, a decline of 9.3% from the August 15th total of 7,560,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is currently 6.0 days.
View iHeartMedia's Short Interest.

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) issued its quarterly earnings results on Tuesday, August, 8th. The company reported ($5.93) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by $5.79. The firm earned $920.01 million during the quarter, compared to analyst estimates 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.

What is iHeartMedia's stock symbol?

iHeartMedia trades on the NASDAQ under the ticker symbol "IHRT."

Who are iHeartMedia's major shareholders?

iHeartMedia's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.17%), Douglas Lane & Associates LLC (3.97%), Charles Schwab Investment Management Inc. (2.26%), State Street Corp (1.70%), Goldman Sachs Group Inc. (1.48%) and Geode Capital Management LLC (1.47%). Insiders that own company stock include James A Rasulo, Media & Entertainment I Global, Michael B Mcguinness, Richard J Bressler, Robert W Pittman, Scott D Hamilton and Silver Point Capital LP.
View institutional ownership trends.

How do I buy shares of iHeartMedia?

Shares of IHRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is iHeartMedia's stock price today?

One share of IHRT stock can currently be purchased for approximately $3.40.

How much money does iHeartMedia make?

iHeartMedia (NASDAQ:IHRT) has a market capitalization of $491.37 million and generates $3.91 billion in revenue each year. The company earns $-264,660,000.00 in net income (profit) each year or ($8.98) on an earnings per share basis.

How many employees does iHeartMedia have?

The company employs 11,000 workers across the globe.

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
How can I contact iHeartMedia?

The official website for the company is www.iheartmedia.com. The company can be reached via phone at 210-822-2828, via email at investorrelations@iheartmedia.com, or via fax at 302-655-5049.

This page (NASDAQ:IHRT) was last updated on 9/21/2023 by MarketBeat.com Staff

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