iHeartMedia (IHRT) Stock Forecast, Price & News

6 Wall Street 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 research analysts is that investors should "reduce" IHRT shares.
View IHRT analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 1 year target prices for iHeartMedia's stock. Their IHRT share price forecasts range from $4.00 to $13.00. On average, they expect the company's stock price to reach $7.42 in the next year. This suggests a possible upside of 113.1% from the stock's current price.
View analysts price targets for IHRT or view top-rated stocks among Wall Street analysts.

iHeartMedia's stock was trading at $6.13 on January 1st, 2023. Since then, IHRT stock has decreased by 43.2% and is now trading at $3.48.
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iHeartMedia saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,860,000 shares, a decrease of 9.3% from the August 15th total of 7,560,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is presently 6.0 days.
View iHeartMedia's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our IHRT earnings forecast.

iHeartMedia, Inc. (NASDAQ:IHRT) released its quarterly earnings data on Tuesday, August, 8th. The company reported ($5.93) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $5.79. The business had revenue of $920.01 million for 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%.

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).

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.

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

iHeartMedia's stock is owned by a number of institutional and retail investors. Top institutional investors 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.

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.
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One share of IHRT stock can currently be purchased for approximately $3.48.

iHeartMedia (NASDAQ:IHRT) has a market capitalization of $502.93 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.

The company employs 11,000 workers across the globe.

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.