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NASDAQ:IHRT

iHeartMedia (IHRT) Stock Price, News & Analysis

$2.32
-0.06 (-2.52%)
(As of 02/23/2024 ET)
Today's Range
$2.20
$2.38
50-Day Range
$1.97
$2.91
52-Week Range
$1.77
$7.38
Volume
593,929 shs
Average Volume
884,774 shs
Market Capitalization
$335.61 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.07

iHeartMedia MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.71 Rating Score
Upside/​Downside
75.3% Upside
$4.07 Price Target
Short Interest
Healthy
4.53% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of iHeartMedia in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($7.50) to $0.27 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.89 out of 5 stars

Consumer Discretionary Sector

207th out of 268 stocks

Radio Broadcasting Stations Industry

7th out of 8 stocks


IHRT stock logo

About iHeartMedia Stock (NASDAQ:IHRT)

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 Stock Price History

IHRT Stock News Headlines

iHeartMedia (IHRT) Scheduled to Post Earnings on Thursday
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.
ETNB, IHRT and AGYS are among after hour movers
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.
Robert Pittman Bought 7.3% More Shares In iHeartMedia
See More Headlines
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Company Calendar

Last Earnings
11/09/2020
Today
2/23/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
N/A
Current Symbol
NASDAQ:IHRT
Employees
11,000
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$4.07
High Stock Price Target
$7.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+75.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.71
Research Coverage
7 Analysts

Profitability

Net Income
$-264,660,000.00
Pretax Margin
-27.65%

Debt

Sales & Book Value

Annual Sales
$3.91 billion
Cash Flow
$1.29 per share
Book Value
$4.76 per share

Miscellaneous

Free Float
140,462,000
Market Cap
$335.61 million
Optionable
Optionable
Beta
1.92

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Key Executives















IHRT Stock Analysis - Frequently Asked Questions

Should I buy or sell iHeartMedia stock right now?

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

What is iHeartMedia's stock price target for 2024?

7 Wall Street research analysts have issued 12 month price targets for iHeartMedia's stock. Their IHRT share price targets range from $2.00 to $7.00. On average, they expect the company's stock price to reach $4.07 in the next twelve months. This suggests a possible upside of 75.3% 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 2024?

iHeartMedia's stock was trading at $2.67 at the beginning of the year. Since then, IHRT shares have decreased by 13.1% and is now trading at $2.32.
View the best growth stocks for 2024 here
.

Are investors shorting iHeartMedia?

iHeartMedia saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 6,550,000 shares, a decrease of 7.0% from the January 15th total of 7,040,000 shares. Based on an average daily volume of 987,200 shares, the short-interest ratio is currently 6.6 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, February 29th 2024.
View our IHRT earnings forecast
.

How can I listen to iHeartMedia's earnings call?

iHeartMedia will be holding an earnings conference call on Thursday, February 29th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "71596".

How were iHeartMedia's earnings last quarter?

iHeartMedia, Inc. (NASDAQ:IHRT) announced its quarterly earnings data on Monday, November, 9th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by $0.05. The company had revenue of $744.41 million for the quarter, compared to the consensus estimate of $735.76 million. iHeartMedia had a negative net margin of 27.19% and a negative trailing twelve-month return on equity of 1,197.12%.

What ETFs hold iHeartMedia's stock?
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.

Who are iHeartMedia's major shareholders?

iHeartMedia's stock is owned by a variety of retail and institutional investors. Top institutional investors include Douglas Lane & Associates LLC (5.36%), Vanguard Group Inc. (4.41%), Charles Schwab Investment Management Inc. (2.73%), Bridgeway Capital Management LLC (1.24%), Goldman Sachs Group Inc. (1.19%) and Federated Hermes Inc. (1.17%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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 2/23/2024 by MarketBeat.com Staff