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NASDAQ:IHRT

iHeartMedia (IHRT) Stock Price, News & Analysis

iHeartMedia logo
$2.28 -0.03 (-1.30%)
(As of 11/27/2024 ET)

About iHeartMedia Stock (NASDAQ:IHRT)

Key Stats

Today's Range
$2.19
$2.35
50-Day Range
$1.50
$2.49
52-Week Range
$0.81
$3.12
Volume
1.31 million shs
Average Volume
958,842 shs
Market Capitalization
$335.33 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.00
Consensus Rating
Hold

Company Overview

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. 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; and provides scheduling and broadcast software and services. 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. The company is headquartered in San Antonio, Texas.

iHeartMedia Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
57th Percentile Overall Score

IHRT MarketRank™: 

iHeartMedia scored higher than 57% of companies evaluated by MarketBeat, and ranked 171st out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    iHeartMedia has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    iHeartMedia has only been the subject of 3 research reports in the past 90 days.

  • Read more about iHeartMedia's stock forecast and price target.
  • Earnings Growth

    Earnings for iHeartMedia are expected to grow in the coming year, from ($0.13) to ($0.11) per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of iHeartMedia is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of iHeartMedia is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Read more about iHeartMedia's valuation and earnings.
  • Percentage of Shares Shorted

    4.49% of the float of iHeartMedia has been sold short.
  • Short Interest Ratio / Days to Cover

    iHeartMedia has a short interest ratio ("days to cover") of 6.3.
  • Change versus previous month

    Short interest in iHeartMedia has recently decreased by 3.86%, indicating that investor sentiment is improving.
  • Dividend Yield

    iHeartMedia does not currently pay a dividend.

  • Dividend Growth

    iHeartMedia does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    4.49% of the float of iHeartMedia has been sold short.
  • Short Interest Ratio / Days to Cover

    iHeartMedia has a short interest ratio ("days to cover") of 6.3.
  • Change versus previous month

    Short interest in iHeartMedia has recently decreased by 3.86%, indicating that investor sentiment is improving.
  • News Sentiment

    iHeartMedia has a news sentiment score of 0.94. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for iHeartMedia this week, compared to 2 articles on an average week.
  • MarketBeat Follows

    3 people have added iHeartMedia to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, iHeartMedia insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $96,535.00 in company stock.

  • Percentage Held by Insiders

    Only 6.30% of the stock of iHeartMedia is held by insiders.

  • Percentage Held by Institutions

    93.89% of the stock of iHeartMedia is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about iHeartMedia's insider trading history.
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IHRT Stock News Headlines

iHeartMedia price target raised to $5 from $3 at Guggenheim
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IHRT Stock Analysis - Frequently Asked Questions

iHeartMedia's stock was trading at $2.67 at the beginning of the year. Since then, IHRT shares have decreased by 14.6% and is now trading at $2.28.
View the best growth stocks for 2024 here
.

iHeartMedia, Inc. (NASDAQ:IHRT) posted its earnings results on Thursday, May, 9th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.55) by $0.43. The firm had revenue of $799.04 million for the quarter, compared to the consensus estimate of $806.62 million.

iHeartMedia subsidiaries include these companies: Jelli Inc., HowStuffWorks, Stuff Media, Thumbplay, Aircheck India Pvt. Ltd., AMFM Broadcasting Inc., AMFM Broadcasting Licenses LLC, and others.

Top institutional investors of iHeartMedia include Douglas Lane & Associates LLC (4.77%), Charles Schwab Investment Management Inc. (1.86%), Geode Capital Management LLC (1.71%) and GSA Capital Partners LLP (0.33%). Insiders that own company stock include Media & Entertainment I Global, Robert W Pittman, Richard J Bressler, James A Rasulo, Michael B Mcguinness and Scott D Hamilton.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that iHeartMedia investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY), iShares Micro-Cap ETF (IWC) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
5/09/2024
Today
11/28/2024
Next Earnings (Confirmed)
11/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio broadcasting stations
Sub-Industry
Communication
Current Symbol
NASDAQ:IHRT
Employees
10,800
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$3.00
High Stock Price Target
$5.00
Low Stock Price Target
$1.00
Potential Upside/Downside
+31.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-1,102,660,000.00
Pretax Margin
-28.50%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Book Value
($9.58) per share

Miscellaneous

Free Float
137,808,000
Market Cap
$335.33 million
Optionable
Optionable
Beta
1.69

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This page (NASDAQ:IHRT) was last updated on 11/28/2024 by MarketBeat.com Staff
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