iHeartMedia (IHRT) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for iHeartMedia in the last year. There are currently 3 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IHRT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IHRT, but not buy additional shares or sell existing shares.
View IHRT analyst ratings or view top-rated stocks.

7 equities research analysts have issued 1-year target prices for iHeartMedia's shares. Their IHRT share price forecasts range from $4.00 to $13.00. On average, they expect the company's share price to reach $7.64 in the next twelve months. This suggests a possible upside of 220.5% 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 61.1% and is now trading at $2.3850.
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iHeartMedia saw a increase in short interest in May. As of May 15th, there was short interest totaling 7,990,000 shares, an increase of 19.4% from the April 30th total of 6,690,000 shares. Based on an average daily volume of 1,210,000 shares, the days-to-cover ratio is presently 6.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our IHRT earnings forecast.

iHeartMedia, Inc. (NASDAQ:IHRT) issued its quarterly earnings results on Tuesday, February, 28th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. iHeartMedia had a negative trailing twelve-month return on equity of 14.70% and a negative net margin of 11.30%.

ETFs with the largest weight of iHeartMedia (NASDAQ:IHRT) stock in their portfolio include Invesco Dynamic Media ETF (PBS), First Trust S-Network Streaming and Gaming ETF (BNGE), Global X Millennial Consumer ETF (MILN), Vanguard Communication Services ETF (VOX).Fidelity MSCI Communication Services Index ETF (FCOM),

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (6.02%), Douglas Lane & Associates LLC (2.81%), Charles Schwab Investment Management Inc. (1.88%), State Street Corp (1.75%), Silver Point Capital L.P. (1.60%) and Geode Capital Management LLC (1.58%). 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 $2.39.

iHeartMedia (NASDAQ:IHRT) has a market capitalization of $341.75 million and generates $3.91 billion in revenue each year. The company earns $-264,660,000.00 in net income (profit) each year or ($2.95) 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.