Barrington Research Predicts iHeartMedia FY2027 Earnings

iHeartMedia, Inc. (NASDAQ:IHRT - Free Report) - Barrington Research issued their FY2027 earnings estimates for shares of iHeartMedia in a report issued on Tuesday, November 12th. Barrington Research analyst P. Sholl forecasts that the company will earn $0.09 per share for the year. Barrington Research currently has a "Hold" rating on the stock. The consensus estimate for iHeartMedia's current full-year earnings is $0.19 per share.

Separately, Bank of America upgraded shares of iHeartMedia from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $1.00 to $3.00 in a report on Tuesday.

iHeartMedia Price Performance

Shares of NASDAQ IHRT remained flat at $2.39 during midday trading on Wednesday. 282,316 shares of the company traded hands, compared to its average volume of 956,533. The firm has a fifty day simple moving average of $1.85 and a 200-day simple moving average of $1.53. iHeartMedia has a 12-month low of $0.81 and a 12-month high of $3.12.

Institutional Investors Weigh In On iHeartMedia

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in iHeartMedia by 3.2% during the first quarter. Vanguard Group Inc. now owns 6,580,896 shares of the company's stock valued at $13,754,000 after purchasing an additional 203,917 shares during the last quarter. AQR Capital Management LLC lifted its holdings in iHeartMedia by 132.4% in the 2nd quarter. AQR Capital Management LLC now owns 3,909,729 shares of the company's stock valued at $4,262,000 after acquiring an additional 2,227,676 shares during the last quarter. Aristeia Capital L.L.C. acquired a new stake in iHeartMedia during the 2nd quarter worth about $2,461,000. Acadian Asset Management LLC increased its holdings in shares of iHeartMedia by 287.5% in the 2nd quarter. Acadian Asset Management LLC now owns 784,374 shares of the company's stock valued at $854,000 after purchasing an additional 581,980 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of iHeartMedia by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 485,096 shares of the company's stock valued at $897,000 after purchasing an additional 78,177 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

iHeartMedia Company Profile

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, 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.